Viatris Inc. [NASDAQ: VTRS] slipped around -0.09 points on Monday, while shares priced at $12.01 at the close of the session, down -0.74%. The company report on January 9, 2023 that Ocuphire Pharma Announces First Patient Enrolled in VEGA-2 Pivotal Phase 3 Trial of Nyxol® in Presbyopia.
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Launch of Presbyopia Phase 3 Program Supported by Positive Clinical Results that Demonstrated Durable Efficacy and Favorable Safety Profile.
Viatris Inc. stock is now 7.91% up from its year-to-date (YTD) trading value. VTRS Stock saw the intraday high of $12.19 and lowest of $11.98 per share. The company’s 52-week high price is 15.60, which means current price is +7.33% above from all time high which was touched on 01/09/23.
Compared to the average trading volume of 9.28M shares, VTRS reached a trading volume of 12884415 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Viatris Inc. [VTRS]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VTRS shares is $13.28 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VTRS stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Viatris Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 10, 2022. The new note on the price target was released on November 08, 2022, representing the official price target for Viatris Inc. stock. Previously, the target price had yet another raise to $11, while Jefferies analysts kept a Hold rating on VTRS stock.
The Average True Range (ATR) for Viatris Inc. is set at 0.29, with the Price to Sales ratio for VTRS stock in the period of the last 12 months amounting to 0.85. The Price to Book ratio for the last quarter was 0.76, with the Price to Cash per share for the same quarter was set at 0.61. Price to Free Cash Flow for VTRS in the course of the last twelve months was 6.16 with Quick ratio for the last quarter at 1.10.
How has VTRS stock performed recently?
Viatris Inc. [VTRS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.91. With this latest performance, VTRS shares gained by 10.18% in over the last four-week period, additionally plugging by 19.50% over the last 6 months – not to mention a drop of -17.17% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VTRS stock in for the last two-week period is set at 69.33, with the RSI for the last a single of trading hit 74.66, and the three-weeks RSI is set at 65.84 for Viatris Inc. [VTRS]. The present Moving Average for the last 50 days of trading for this stock 10.99, while it was recorded at 11.82 for the last single week of trading, and 10.47 for the last 200 days.
Viatris Inc. [VTRS]: Deeper insight into the fundamentals
Viatris Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.60.
Earnings analysis for Viatris Inc. [VTRS]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VTRS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Viatris Inc. go to -2.85%.
Insider trade positions for Viatris Inc. [VTRS]
There are presently around $10,947 million, or 77.10% of VTRS stock, in the hands of institutional investors. The top three institutional holders of VTRS stocks are: VANGUARD GROUP INC with ownership of 146,665,304, which is approximately 0.909% of the company’s market cap and around 0.29% of the total institutional ownership; BLACKROCK INC., holding 90,806,240 shares of the stock with an approximate value of $1.09 billion in VTRS stocks shares; and STATE STREET CORP, currently with $740.18 million in VTRS stock with ownership of nearly 6.104% of the company’s market capitalization.
Positions in Viatris Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 424 institutional holders increased their position in Viatris Inc. [NASDAQ:VTRS] by around 122,688,470 shares. Additionally, 479 investors decreased positions by around 101,496,429 shares, while 179 investors held positions by with 687,299,674 shares. The mentioned changes placed institutional holdings at 911,484,573 shares, according to the latest SEC report filing. VTRS stock had 97 new institutional investments in for a total of 10,807,906 shares, while 97 institutional investors sold positions of 62,884,876 shares during the same period.