With 30.99 million shares changed hands, the volume of the stock remained lighter than its average volume of 33.41 million shares. The 52-week range on VALE shows that it touched its highest point at $12.55 and its lowest point at $8.06 during that stretch. It currently has a 1-year price target of $12.05. Beta for the stock currently stands at 0.82.
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 VALE was up-trending over the past week, with a rise of 6.12%, but this was up by 7.16% over a month. Three-month performance surged to 3.24% while six-month performance fell -11.05%. The stock lost -17.79% in the past year, while it has gained 11.39% so far this year. A look at the trailing 12-month EPS for VALE yields 1.36 with Next year EPS estimates of 1.74. For the next quarter, that number is 0.43. This implies an EPS growth rate of 19.82% for this year and 1.09% for next year.
Float and Shares Shorts:
At present, 4.27 billion VALE shares are outstanding with a float of 4.27 billion shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VALE since 11 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.07254 being high and $1.85746 being low. For VALE, this leads to a yearly average estimate of $1.965.
