Veoneer, Inc. (NYSE:VNE) could be one of the worst stocks that investors may not want to consider for their portfolio today as the company shares are trading 3.5% or 0.61 points down from last closing price of $17.41, reaching $16.8 at last check. Any clue why there is so much of action in the VNE stock? The share price has dropped in 2 of the last 5 days and is down -29.03% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -942,590 shares, and in total 219010 shares valued at $3.679 million were seen changing hands compared with 1.162 million shares valued at $20.223 million recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the VNE stock is near its bottom.
Veoneer, Inc. (VNE) shares have notched a 3-month decline of about -29.03%, but has still tumbled -26.13% year to date. By comparison, the stock sank -57.53% over the past 12 months, while it slipped -7.69% over the 1 month. The company’s market cap is around $1.88B, with its short interest ratio standing at 8.69%.
In the current trading session for VNE, the stock witnessed two major price actions, it rose to a high of $17.58 and was down as much as $16.64 at one point. The high recorded is very low when compared to their 52-week high which is $15.41. The 52-week high is now at -71.09 distance from current price. Their recent low of $57.93 represents a 8.7% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for VNE is $25.09, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Veoneer, Inc. earned $-4.12 per share in the trailing 12 months and has a P/E ratio of -4.08. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 18.1 and lower compared to the sector’s average of 19.34. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. VNE also has P/S multiple of 0.85. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 1.52x.
The company recorded an interesting insider purchase transaction by the CEO on Aug 30, 2018. A Securities and Exchanges Commission filings show that Jan Carlson bought a total of 50,000 VNE shares that day for a sum of around $2,532,500. Veoneer, Inc. (VNE) insiders have acquired 39,886 shares in the stock within the past three months. In total, individual insiders traded 39,895 shares in the business, which makes up 35.081% of 113,721 shares that were traded over a year. In the past 12 months, insiders have purchased 111,575 shares while the seller parted with 2,146 shares.
VNE‘s last price was down -46.13% as compared to the average trading price of 50 days recorded at $31.19 while enlarging the period to 200 trading days, the average closing price was $21.22. At present, there are 107.94 million in the total number of common shares owned by the public and among those 107.94 million shares have been available to trade. The percentage of shares being held by the company management was 0.2% while institutions stake was 47.1%. The company has generated negative returns on equity over the last 12 months (-20.6%). It managed to keep its gross profit margin at 19% over the past 12 months.
When assessing the full upside of the VNE stock, there is another set of technicals that should be looked into and considered. Its -2.14% decline from moving average of $17.17 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Veoneer, Inc. — 4 analysts rate the stock as a buy with another 0 rating it strong buy. There are 12 analysts who maintain a hold rating for the stock, with 4 giving it a sell rating. Analysts arrived at a 12-month price target of $37.6 on shares of Veoneer, Inc. (NYSE:VNE), which corresponds to 124.48% upside potential than its current market price of $16.8 and implies potential despite the recent drop in the price. However, their current target price has fallen from $38.5333 a month ago and is down handily from the consensus target of $42.5333 a quarter ago.
In the last five years, the EPS of the company has been roughly 0%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 18.53%. The revenue of the company has retreated at an average annualized rate of about 0 over the last five years. The company recently recorded a drop of -16.9%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards VNE stock. First Trust Advisors LP added position in the company after it grew 14% or 39,847 shares of its common stock. The hedge fund now owns 45,426 shares worth $763,157, SEC documents show. FMR LLC cut assets in the stock as 2051051 shares have been sold, reducing its stake by -64.8% to 721,970 shares which are currently valued at $12,129,096. In addition, Marshall Wace North America L.P. recently reported that it now owns 1,200 shares making a total of $20,160 based on the recent price. This refelects a change of -59.2% in their ownership.