Teva- Pharmaceutical Industries Ltd. ADR (TEVA): Not A Time To Panic Nor Freeze

Teva- Pharmaceutical Industries Ltd. ADR (TEVA) concluded trading on Wednesday at a closing price of $18.41, with 4.29 million shares of worth about $79.02 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 41.51% during that period and on October 23, 2024 the price saw a gain of about 0.16%. Currently the company’s common shares owned by public are about 1.13B shares, out of which, 1.13B shares are available for trading.

Stock saw a price change of 2.16% in past 5 days and over the past one month there was a price change of 3.84%. Year-to-date (YTD), TEVA shares are showing a performance of 76.34% which increased to 125.06% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.06 but also hit the highest price of $19.08 during that period. The average intraday trading volume for Teva- Pharmaceutical Industries Ltd. ADR shares is 7.51 million. The stock is currently trading 3.80% above its 20-day simple moving average (SMA20), while that difference is up 2.26% for SMA50 and it goes to 18.56% higher than SMA200.

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Teva- Pharmaceutical Industries Ltd. ADR (NYSE: TEVA) currently have 1.13B outstanding shares and institutions hold larger chunk of about 54.45% of that.

The stock has a current market capitalization of $20.86B and its 3Y-monthly beta is at 0.87. It has posted earnings per share of -$0.39 in the same period. It has Quick Ratio of 0.59 while making debt-to-equity ratio of 2.98. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TEVA, volatility over the week remained 1.97% while standing at 2.20% over the month.

Stock’s fiscal year EPS is expected to drop by -4.19% while it is estimated to increase by 13.93% in next year. EPS is likely to shrink at an annualized rate of 0.47% for next 5-years, compared to annual growth of 26.63% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Argus on July 10, 2024 offering a Buy rating for the stock and assigned a target price of $20 to it. Coverage by JP Morgan stated Teva- Pharmaceutical Industries Ltd. ADR (TEVA) stock as a Neutral in their note to investors on March 08, 2024, suggesting a price target of $14 for the stock. On February 12, 2024, Piper Sandler Upgrade their recommendations, while on January 23, 2024, Jefferies Upgrade their ratings for the stock with a price target of $14. Stock get a Neutral rating from Piper Sandler on January 03, 2024.

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