Currently, there are 1.21B common shares owned by the public and among those 1.18B shares have been available to trade.
Insiders at the company have transacted a total of 119 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 68 of these insider trades were purchases, accounting for 1,599,493 shares. Insider sales of the common stock occurred on 51 occasions, with total insider shares sold totaling 647,975 shares.
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However, the script later moved the day high at 13.62, up 1.27%. The company’s stock has a 5-day price change of 5.54% and 44.24% over the past three months. VTRS shares are trading 24.93% year to date (YTD), with the 12-month market performance up to 17.75% higher. It has a 12-month low price of $8.74 and touched a high of $13.48 over the same period. VTRS has an average intraday trading volume of 9.35 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.34%, 17.57%, and 31.89% respectively.
Institutional ownership of Viatris Inc (NASDAQ: VTRS) shares accounts for 80.20% of the company’s 1.21B shares outstanding.
It has a market capitalization of $16.23B and a beta (3y monthly) value of 1.16. The stock’s trailing 12-month PE ratio is 8.97, while the earnings-per-share (ttm) stands at $1.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.27% over the week and 2.58% over the month.
Analysts forecast that Viatris Inc (VTRS) will achieve an EPS of $0.65 for the current quarter, $0.74 for the next quarter and $2.81 for 2024. The lowest estimate earnings-per-share for the quarter is $0.57 while analysts give the company a high EPS estimate of $0.7. Comparatively, EPS for the current quarter was $0.67 a year ago. Earnings per share for the fiscal year are expected to decrease by -11.54%, and -5.28% over the next financial year. EPS should shrink at an annualized rate of -2.50% over the next five years, compared to 5.60% over the past 5-year period.
Looking at the support for the VTRS, a number of firms have released research notes about the stock. BofA Securities stated their Underperform rating for the stock in a research note on October 23, 2023, with the firm’s price target at $13-$9. Barclays coverage for the Viatris Inc (VTRS) stock in a research note released on June 23, 2023 offered a Underweight rating with a price target of $11. Barclays was of a view on April 24, 2023 that the stock is Equal Weight, while BMO Capital Markets gave the stock Market Perform rating on February 17, 2023, issuing a price target of $16- $14. Jefferies on their part issued Buy rating on January 27, 2023.
