Vodafone Group Public Limited Company (NASDAQ: VOD) stock jumped 2.17% on Tuesday to $10.35 against a previous-day closing price of $10.13. With 5.98 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.34 million shares. During the session, the Telecom Services company that operates in wider Communication Services sector, reached to the highest price of $10.46 whereas the lowest price it dropped to was $10.26. The 52-week range on VOD shows that it touched its highest point at $16.88 and its lowest point at $9.94 during that stretch. It currently has a 1-year price target of $14.10. With its current market cap of 27.95 billion, VOD has annualized dividend of $1.44 while the current yield stands at 13.86%. Beta for the stock currently stands at 0.78.
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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 up-trending over the past week, with a rise of 1.07%, but this was down by -7.26% over a month. Three-month performance dropped to -13.75% while six-month performance fell -11.46%. The stock lost -32.49% in the past year, while it has gained 2.27% so far this year. EPS is expected to grow by 20.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 24.40%.
Float and Shares Shorts:
At present, 2.70 billion VOD shares are outstanding with a float of 2.47 billion shares on hand for trading. On Apr 27, 2023, short shares totaled 1.45 million, which was 0.05% higher than short shares on Mar 30, 2023. In addition to Ms. Margherita Della Valle as the firm’s Group CEO, CFO & Exec. Director, Mr. Scott Petty serves as its Group Chief Technology Officer.
Through their ownership of 9.21% of VOD’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.30% of VOD, in contrast to 1.95% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in VOD with 0.68% of the stake, Hotchkis & Wiley Capital Manageme holds 18,438,134 shares worth 18,438,134. A second-largest stockholder of VOD, Renaissance Technologies LLC, holds 18,224,132 shares, controlling over 0.68% of the firm’s shares. T. Rowe Price Associates, Inc. is the third largest shareholder in VOD, holding 18,051,268 shares or 0.67% stake. With a 0.34% 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 0.33% of VOD stock, is the second-largest Mutual Fund holder. It holds 8,820,004 shares valued at 105.4 million. ICICI Prudential Value Discovery holds 0.25% of the stake in VOD, owning 6,783,747 shares worth 81.07 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VOD since 0 analysts follow the stock currently. 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 $23.12 and a low target of $8.75, the average target price over the next 12 months is $14.21. Based on these targets, VOD could surge 123.38% to reach the target high and fall by -15.46% to reach the target low. Reaching the average price target will result in a growth of 37.29% 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.
Dividends & Yield:
In terms of dividends, VOD has a current ratio of $0.98, which is $0.98 over the trailing 12-months, while a dividend of $1.17 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 $9.14. In the past year, VOD’s dividend yield has been $9.14, but when looking at the stock over the past five years, its yield has been $7.03. Accordingly, VOD has a current buyback yield of $7.32. This was $7.32 for the TTM, and it was $3.13 for the past five years.