Geometry Dash APK Hill Climb Racing APK
36.4 F
New York
Thursday, April 22, 2021

Renewed Optimism is Surrounding Visa Inc. (NYSE:V)

Must read

Ozop Energy Solutions Inc (OZSC) is Riding a Green Wave of Momentum

Investors who are looking for fresh opportunities in rising stocks may have a lot to choose from at this point but it...

Drone Delivery Canada Corp (OTCMKTS:TAKOF) is Soaring after Roadmap Update

The drone industry has grown at a remarkable rate over the past five years or so and hence, it is no surprise...

Global Battery Metals Ltd (OTCMKTS:REZZF) in Focus: Trending Higher

Anyone who is tracking stocks that have made substantial gains over the course of the past month or so must not have...

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Showing Strength After Patent Approval

Investors who believe in long-term wealth creation are often on the hunt for stocks that have recorded significant gains over a reasonable...

Visa Inc. (V) shares are trading at higher $184.87 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $224.84.

To add more color to this target, the company’s high over the last year is $217.35 and the low is $133.93. Over the last 52 weeks, V is up 3.14% while the S&P 500 is up 8.50%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, V reported a profit of $1.84 billion. Visa Inc. also saw revenues increase to $4.84 billion. In addition, V has free cash flow of $7.78 billion as of 06-2020. The company’s EBITDA came in at $3.2 billion which compares well with its peers.

V booked profit margins of 49.50%, its Return on Equity (ROE) is 38.30%, and its Return on Assets is 15.20%. All told, it is clear that, V needs to be on your watchlist.

Find out when V reaches critical levels. Subscribe to Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. V has a short ratio of 3.23 and outstanding shares of 1.98B.

Company Outlook

V has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 8.85 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 5.26. Visa Inc. V also noted assets of $77.88 billion at the end of the last quarter. Investors should also keep an eye on sector updates as V has historically followed its peers on positive news.

All told, Visa Inc. V has strung together solid data and demonstrated underlying fundamentals. At its current valuation, V represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Visa Inc. V is now commanding a market cap of 393.34B and a float of 1.42B. V is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of V stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in V, either long or short, and we have not been compensated for this article.

Latest article

Sysorex Inc (OTCMKTS:SYSX) Stock Still Riding Big News

Investors are always drawn to stocks that make a big jump out of nowhere. So it's no surprise that Sysorex Inc (OTCMKTS:SYSX)...

BIGG Digital Assets Inc (OTCMKTS:BBKCF) is Struggling to Regain Momentum

Over the course of the past few months, the continued rally in some of the biggest cryptocurrencies has led to considerable interest...

Sundial Growers Inc (NASDAQ:SNDL) Struggles to Sustain At Higher Levels After Earnings

In recent times, plenty of cannabis stocks have been in action due to rising optimism about the sector and one such stock...

HUMBL Inc (OTCMKTS:TSNPD) On the Rebound as Investors Track Developments

If there is one stock that has captured the imagination of many investors over the past months, then it's that of HUMBL...

88 Energy Limited Ltd (EEENF) Update: Continues Climbing on Significant Volume

Investors who might be looking for stocks that have made considerable gains in recent weeks could consider having a closer look at...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service