With 7.48 million shares changed hands, the volume of the stock remained lighter than its average volume of 12.19 million shares. The 52-week range on TEVA shows that it touched its highest point at $22.80 and its lowest point at $12.51 during that stretch. It currently has a 1-year price target of $24.86. Beta for the stock currently stands at 0.82.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TEVA was down-trending over the past week, with a drop of -2.21%, but this was down by -22.96% over a month. Three-month performance dropped to -1.76% while six-month performance fell -9.59%. The stock gained 30.18% in the past year, while it has lost -23.87% so far this year. A look at the trailing 12-month EPS for TEVA yields -1.45 with Next year EPS estimates of 2.81. For the next quarter, that number is 0.51. This implies an EPS growth rate of 3.37% for this year and 9.14% for next year. EPS is expected to grow by 6.34% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -9.62%.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TEVA since 8 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.52764 being high and $2.43773 being low. For TEVA, this leads to a yearly average estimate of $2.47769. Based on analyst estimates, the high estimate for the next quarter is $0.66 and the low estimate is $0.63. The average estimate for the next quarter is thus $0.64.
