Nothing is Better Than Vodafone Group Public Limited Company (VOD) stock at the moment

Vodafone Group Public Limited Company (NASDAQ: VOD) stock jumped 0.73% on Friday to $12.37 against a previous-day closing price of $12.28. With 7.24 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.9 million shares. During the session, the Telecom Services company that operates in wider Communication Services sector, reached to the highest price of $12.41 whereas the lowest price it dropped to was $12.24. The 52-week range on VOD shows that it touched its highest point at $19.05 and its lowest point at $12.13 during that stretch. It currently has a 1-year price target of $19.03. With its current market cap of 34.65 billion, VOD has annualized dividend of $0.98 while the current yield stands at 7.91%. Beta for the stock currently stands at 0.73.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VOD was down-trending over the past week, with a drop of -1.28%, but this was down by -11.01% over a month. Three-month performance dropped to -20.65% while six-month performance fell -25.35%. The stock lost -22.45% in the past year, while it has lost -17.15% so far this year.

Float and Shares Shorts:

At present, 2.80 billion VOD shares are outstanding with a float of 2.49 billion shares on hand for trading. On Jul 14, 2022, short shares totaled 5.04 million, which was 0.18% higher than short shares on Jun 14, 2022. In addition to Mr. Nicholas Jonathan Read as the firm’s CEO & Exec. Director, Ms. Margherita Della Valle serves as its CFO & Director.

Institutional Ownership:

Through their ownership of 9.58% of VOD’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.51% of VOD, in contrast to 2.11% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in VOD with 0.86% of the stake, Renaissance Technologies LLC holds 23,913,676 shares worth 23,913,676. A second-largest stockholder of VOD, Hotchkis & Wiley Capital Manageme, holds 19,186,148 shares, controlling over 0.69% of the firm’s shares. T. Rowe Price Associates, Inc. is the third largest shareholder in VOD, holding 17,805,251 shares or 0.64% stake. With a 0.33% stake in VOD, the Vanguard Windsor Funds – Vanguard is the largest stakeholder. A total of 9,071,932 shares are owned by the mutual fund manager. The T Rowe Price Overseas Stock Fund, which owns about 0.32% of VOD stock, is the second-largest Mutual Fund holder. It holds 8,958,404 shares valued at 120.22 million. ICICI Prudential Value Discovery holds 0.19% of the stake in VOD, owning 5,283,747 shares worth 70.91 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VOD since 23 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 3 suggest SELL ratings. Of the remaining analysts, 10 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With VOD analysts setting a high price target of $24.36 and a low target of $11.58, the average target price over the next 12 months is $17.49. Based on these targets, VOD could surge 96.93% to reach the target high and fall by -6.39% to reach the target low. Reaching the average price target will result in a growth of 41.39% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. VOD will report FY 2023 earnings on 05/16/2023. Analysts have provided yearly estimates in a range of $1.32 being high and $0.75 being low. For VOD, this leads to a yearly average estimate of $1.09. Based on analyst estimates, the high estimate for the next quarter is $0.59 and the low estimate is $0.59. The average estimate for the next quarter is thus $0.59.

Dividends & Yield:

In terms of dividends, VOD has a current ratio of $0.91, which is $0.91 over the trailing 12-months, while a dividend of $1.27 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and VOD currently yields $7.79. In the past year, VOD’s dividend yield has been $7.79, but when looking at the stock over the past five years, its yield has been $6.66. Accordingly, VOD has a current buyback yield of $6.04. This was $6.04 for the TTM, and it was $2.24 for the past five years.

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