VEON Ltd (NASDAQ:VEON)’s stock performance was less than stellar over the past one week with the stock tanking by -4.38%. Unfortunately, this performance was consistent with the stock’s performance over the past four weeks with a -14.89% decline.
The declining stock performance for the past one week and one month is also consistent with the overall -2.83% decline in the stock price in over the last six months. Veon stock has declined by -37.50% on a year-to-date basis.
The stock price dropped by -2.44% on Friday last week and closed the day at $2.4. The company reported that 5701993 shares were traded during the Friday trading session which was rather higher than the average 2.41 million shares. Veon stock has so far registered a 52-week high of $4.11, and its 52-week low is currently at $2.20.
Veon has 1810.24 million outstanding shares and 228.88 million shares that are currently in the stock market. The company’s stock has experienced 4.48% volatility over the past one week while the volatility for the past four weeks was 3.92%. Stocks that have high volatility levels usually experience higher price fluctuations than stocks with lower volatility. Also, analysts use volatility to measure the degree of risk in a stock.
Veon managed to achieve a 2.70% Return on assets (ROA) over the past 12 months. The ROA indicates the company’s profitability relative to its total assets. It also demonstrates the management’s level of efficiency at generating revenue through the company’s assets. The firm also reported a 12.40% Return on equity (ROE) over the past one year.
The ROE ratio shows the company’s profitability. It shows how much profit a firm can make out of the money invested by shareholders. The more common ratio is the Return on investment (ROI) and Veon’s ROI for the 12 months was 4.90%. The ROI determines the benefits gained from an investment.
It is worth noting that Veon’s trading volume has gone up which means that more investors are interested in the company. The stock will likely end up benefiting from this especially over the long-term. Analysts, however, predict that the company’s stock will drop to $2.12 billion in the next quarter, which translates to an -8.5% decline.
Meanwhile, investors are moving to the bullish side of things especially after a 2.2 average analyst recommendation on a scale of 1 to 5. This means that the Veon stock has been given a buy recommendation. The company reported a $0.49 EPS in its latest quarterly earnings announcement. It managed to outdo the $0.06 EPS estimate set by Thomson Reuters.
The Thomson Reuters consensus estimate for the latest quarter was $2.32 billion which was higher than the expected $2.19 billion. Analysts expect earnings growth at -27.1% this year and 4.5% in 2019. There is still a lot of room to grow and improve performance especially since Veon’s stock is currently about -44.46 lower than its 1-year high.
Veon is a telecommunications giant that is based in Amsterdam, Netherlands although it runs its operations in various regions in Africa, Asia, and Europe. The company currently boasts of more than 210 million customers all over the world. It boasts that it can provide telecommunication services to 10% of the global population.
The firm upholds high sustainability and governance standards which is one of the reasons for its success. Veon has been making changes in its management, and it plans to roll out a new personal digital platform throughout all its markets in 2019. The new platform is part of the company’s plan to pursue more growth and improve its performance.