(VIANEWS) – VEON shares surge 18.51% on the AEX-Index
Shares of VEON (AEX-Index: VEON.AS) experienced an extraordinary surge of 18.51% to EUR0.73 at 15:08 EST on Wednesday, continuing its upward trajectory from previous sessions. Despite being part of an AEX-Index that declined 0.57% overall (EUR732.50), this marked a distinct reversal in trend after five consecutive losses over previous five sessions; though overall this day exhibited negative signs.
About VEON
VEON Ltd is a telecom company founded in 1992 that offers mobile and fixed-line voice, data, wireless internet services to corporates, operators, consumers and mobile finance customers in Russia, Pakistan, Algeria, Uzbekistan Ukraine Bangladesh Kazakhstan Kyrgyzstan Georgia under various brands. Headquartered in Amsterdam the Netherlands.
Technical Analysis
VEON, the global telecom company, experienced an astonishing surge in trading volume today – 10.259.90 shares changed hands compared to its 50-day average volume of 98.830. This may indicate increased investor interest and potentially move the stock in either direction.
Volatility analysis shows VEON as experiencing a negative 0.20% intraday variance over the last week, negative 0.21% over one month, and positive 2.19% variation over three months – indicative of some uncertainty surrounding this stock in recent times.
According to the stochastic oscillator, an influential technical indicator designed to monitor overbought and oversold conditions, VEON stock currently appears oversold with a reading below 20 on its stochastic oscillator indicator, suggesting it may be undervalued and likely in for an upward price surge in due time.
Overall, investors in VEON should keep a close eye on its price movements as well as any news or developments that could have an effect on its price. Investors may wish to consider any impact from COVID-19 pandemic on telecom industry performance as well as regulatory changes or market shifts which might alter performance of VEON shares.
Equity Analysis
Based on its financial data, VEON has an estimated trailing twelve months EPS of EUR0.26. This indicates that they earned this amount per share during the past twelve months – providing investors with vital insight into VEON’s profitability.
Additionally, the company boasts a trailing twelve months PE ratio of 2.81, which indicates that investors are willing to pay EUR2.81 per euro of annual earnings for every share in circulation. This ratio helps investors assess whether their stock may be over or undervalued; higher PE ratios indicate potential overvaluation while lower PE ratios could indicate possible undervaluation.
Overall, VEON’s earnings per share and PE ratio suggest it is profitable; however, investors should carefully assess current market conditions and other considerations before making investment decisions.
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