Market Analysts see Viatris Inc. [VTRS] falling to $14. Time to buy?

Viatris Inc. [NASDAQ: VTRS] loss -1.70% or -0.17 points to close at $9.83 with a heavy trading volume of 12335502 shares. The company report on February 27, 2023 that BioAtla Announces Change in Executive Leadership.


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“We extend our sincere thanks to Scott for his important contributions since joining the Company in 2018 and wish him well in his new endeavor,” said Jay M. Short, Ph.D., Chairman, Chief Executive Officer and co-founder of BioAtla. “Scott’s extensive experience in biotechnology and pharmaceutical executive leadership roles has helped the expansion of the Company’s operations and advancement of our pipeline and clinical programs. We are pleased Scott will continue as a Board member for BioAtla, as his expertise, knowledge, vision, energy, and passion will be invaluable to our Company.”.

It opened the trading session at $9.91, the shares rose to $10.025 and dropped to $9.755, the range by which the price of stock traded the whole day. The daily chart for VTRS points out that the company has recorded -0.51% loss over the past six months. However, it is still -16.75% lower than its most recent low trading price.

If we look at the average trading volume of 9.13M shares, VTRS reached to a volume of 12335502 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $13.72 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.

BMO Capital Markets have made an estimate for Viatris Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on February 17, 2023. While these analysts kept the previous recommendation, Jefferies raised their target price from $13 to $15. The new note on the price target was released on January 27, 2023, representing the official price target for Viatris Inc. stock. Previously, the target price had yet another raise from $9 to $12, while UBS kept a Neutral rating on VTRS stock.

The Average True Range (ATR) for Viatris Inc. is set at 0.31, with the Price to Sales ratio for VTRS stock in the period of the last 12 months amounting to 0.73. The Price to Book ratio for the last quarter was 0.57, with the Price to Cash per share for the same quarter was set at 1.10. Price to Free Cash Flow for VTRS in the course of the last twelve months was 6.06 with Quick ratio for the last quarter at 1.10.

Trading performance analysis for VTRS stock

Viatris Inc. [VTRS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.48. With this latest performance, VTRS shares dropped by -16.13% in over the last four-week period, additionally sinking by -0.51% over the last 6 months – not to mention a drop of -2.87% 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 18.55, with the RSI for the last a single of trading hit 10.80, and the three-weeks RSI is set at 25.90 for Viatris Inc. [VTRS]. The present Moving Average for the last 50 days of trading for this stock 11.54, while it was recorded at 10.25 for the last single week of trading, and 10.62 for the last 200 days.

Viatris Inc. [VTRS]: A deeper dive into fundamental analysis

Viatris Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.60.

Viatris Inc. [VTRS]: An earnings per share (EPS) analysis

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 -4.35%.

An analysis of insider ownership at Viatris Inc. [VTRS]

There are presently around $9,155 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 149,318,666, which is approximately 1.809% of the company’s market cap and around 0.28% of the total institutional ownership; BLACKROCK INC., holding 93,214,306 shares of the stock with an approximate value of $916.3 million in VTRS stocks shares; and STATE STREET CORP, currently with $608.44 million in VTRS stock with ownership of nearly 0.432% of the company’s market capitalization.

Positions in Viatris Inc. stocks held by institutional investors increased at the end of Monday and at the time of the Monday reporting period, where 436 institutional holders increased their position in Viatris Inc. [NASDAQ:VTRS] by around 70,082,564 shares. Additionally, 520 investors decreased positions by around 60,366,380 shares, while 159 investors held positions by with 800,844,487 shares. The mentioned changes placed institutional holdings at 931,293,431 shares, according to the latest SEC report filing. VTRS stock had 137 new institutional investments in for a total of 7,931,494 shares, while 91 institutional investors sold positions of 8,472,629 shares during the same period.

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