A Tale of Resilience: Verizon Communications Inc Amid Stock Market Turbulence

Verizon Communications Inc’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $43.21 on 01/31/24, and the lowest price during that time was $30.14, recorded on 10/06/23.

52-week price history of VZ Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Verizon Communications Inc’s current trading price is -7.20% away from its 52-week high, while its distance from the 52-week low is 33.07%. The stock’s price range during this period has fluctuated between $30.14 and $43.21. Shares of the company, which operates in the Communication Services sector, recorded a trading volume of around 15.06 million for the day, which was evidently higher than the average daily volume of 0.7 over the last three months.

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Financial Performance and Market Capitalization

Verizon Communications Inc (VZ) has experienced a quarterly rise of 12.58% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 168.58B and boasts a workforce of Jan 09 2024 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 36.63, with a change in price of +6.70. Similarly, Verizon Communications Inc recorded 22,421,938 in trading volume during the last 100 days, posting a change of +20.06%.

VZ Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for VZ stands at 1.89. Similarly, the long-term debt-to-equity ratio is also 1.71.

VZ Stock Stochastic Average

The raw stochastic average for Verizon Communications Inc over the last 50 days is presently at 53.93%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 36.01%. Further, the company’s Stochastic %K and %D values for the last 20 days were 36.12% and 42.91%, respectively.

VZ Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price increase of 6.37%. However, over the past six months, we’ve seen a weaker performance of 20.20%. The price of VZ fallen by 5.80% over the last 30 days. And in the last five days, it has fallen by -3.09%.

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