Taking into account all relevant factors, Vonage Holdings Corp. (NASDAQ:VG) scores 56.% Sell on the technical side. The share price is also flashing a Buy from the Barchart TrendSpotter trading system. Investors starting out on a short-term path of investing should know that short terms indicators for VG averaged 50% Sell with an average daily trading volume over the past 20 days at 3467873 shares. Those using medium-term investment strategies, the shares have overall a 0.5% Sell signal while the 50-day average daily volume remained almost 3734397 shares. It’s also important to note that the stock, whose average daily volume over the 100 days as of this piece was 3018676 shares, is signaling100% Sell for long term investors.
The stock is lingering around the initial support level of $8.4. After this, the following support is at the zone of $7.93. Up until the time the VG stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 74.77 on the daily chart, and this may be a cause for concern. In case the price goes below $7.93 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $9.11 level may cause a pull-back move approaching $9.35 mark.
Vonage Holdings Corp. (VG) is most likely going to rise 57.55 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $18 as 12-month high price target. This represents a whopping 104.31 percent increase from the current trading price of shares. The 52-week median price target given by the analysts is $14, which means a return possibility of 58.91 percent in comparison with the closing price of the stock of $8.81 in recent trading session. The lowest price set for the stock is $9 which is just above 2.16 percent from VG share’s price at the end of session.
In the recent trading session, Vonage Holdings Corp. (NASDAQ:VG) shares lost -0.71% or -0.06 points to reach at $8.81 with a thin trading volume of 2.511 million shares. It opened the trading session at $8.2, the shares rose to $8.88 and dropped to $8.17, the range by which the price of stock traded the whole session. The company now has a market cap of $2.15 billion and currently has 242.3 million outstanding shares. Vonage Holdings Corp. (VG) stock has accumulated 24.4 percent of market value in 21 trading days.
Stock analysts at Needham lifted target price for Vonage Holdings Corp. (NASDAQ:VG) shares but reaffirmed their Buy recommendation for the stock in their opinion released on December 23. The price target has been increased from $14 to $11.
VG stock’s trailing 3-year beta is 0.15, meaning there will be a lower rate of return, although posing a lower risk. The part of a firm’s profit given to each outstanding share of regular stock was -$0.1 share in the trailing 52 weeks. The stock’s value surged 19.7 percent year to date (YTD) compared to a decline of -4 percent in 52 week’s period. The firm’s shares are still trading -35.95 percent below its 1-year high of $13.75 and 25.63 percent up from 52-week low of $7.01. The average consensus ranking on the company is 1.9, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a buy.
Vonage Holdings Corp. (VG) shares are trading at a P/E ratio of -75.41 times earnings posted in the trailing 12 months. The industry VG deals with has an average P/E of 16.22. Its P/B ratio is standing at 3.48X compared to the 2.05 industry average. It is additionally sporting a 2.38 on the Price-to-Sales ratio, compared to the industry’s P/S average of 0.35. Vonage Holdings Corp. has a 57.7% gross profit margin, with its operating margin around 0.8%. Alongside this, the company’s net profit margin currently stands at -2.1%.
Past records have indicated that shares in Vonage Holdings Corp. declined on 20 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings.