Stocks of Viatris Inc (NASDAQ:VTRS) traded higher last session on Wall Street, down -0.72% to $12.40.
VTRS stock price is now -0.38% away from the 50-day moving average and 6.65% away from the 200-day moving average. The market capitalization of the company currently stands at $14.69B.
On October 23, 2023, BofA Securities Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock reducing its target price from $13 to quote $9, while ‘Barclays’ rates the stock as ‘Underweight’
In other news, Campbell Paul, insider sold 26,925 shares of the company’s stock on Nov 11 ’24. The stock was sold for $346,686 at an average price of $12.88. Upon completion of the transaction, the insider now directly owns 126,901 shares in the company, valued at $1.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11 ’24, Officer Campbell Paul bought 26,925 shares of the business’s stock. A total of $346,686 was incurred on buying the stock at an average price of $12.88. A total of 2.44% of the company’s stock is owned by insiders.
During the past 12 months, Viatris Inc has had a low of $9.93 and a high of $13.62. As of last week, the company has a debt-to-equity ratio of 0.81, a current ratio of 1.43, and a quick ratio of 0.88. The fifty day moving average price for VTRS is $12.431 and a two-hundred day moving average price translates $11.6257 for the stock.
The latest earnings results from Viatris Inc (NASDAQ: VTRS) was released for 2024-09-30. The net profit margin was -5.88% and return on equity was -4.35% for VTRS. The company reported revenue of $3.75 billion for the quarter, compared to $3.94 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.84 percent. For the current quarter, analysts expect VTRS to generate $3.62B in revenue.
