That’s why I Feel Comfortable With Vodafone Group plc ADR’s (VOD) Future

Vodafone Group plc ADR [VOD] stock prices are down -1.25% to $8.67 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The VOD shares have gain 2.36% over the last week, with a monthly amount drifted -3.56%, and not seem to be holding up well over a long-time horizon.

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On 27, February 2024, Broadcom and Vodafone Demonstrate Network Programmability to Optimize Network Performance for Short-Form Video Content. In a post published today on Yahoo Finance, Mobile World Congress 2024 — Today, VMware, recently acquired by Broadcom Inc., announced a compelling proof of concept (POC) to be demonstrated at Mobile World Congress in Barcelona, highlighting a new technical collaboration with Vodafone (NASDAQ: VOD). The joint effort showcases the benefits of applying network programmability and intelligence into the Radio Access Network (RAN), enhancing overall performance for customers.

From an analyst’s perspective:

Vodafone Group plc ADR [NASDAQ: VOD] stock has seen the most recent analyst activity on December 07, 2023, when Exane BNP Paribas downgraded its rating to a Underperform. Previously, Exane BNP Paribas upgraded its rating to Neutral on June 28, 2023. Credit Suisse downgraded its rating to a Underperform. Bernstein downgraded its rating to a Mkt Perform. JP Morgan downgraded its rating to Neutral for this stock on June 29, 2022. In a note dated June 22, 2022, Barclays downgraded an Equal Weight rating on this stock.

The stock price of Vodafone Group plc ADR [VOD] has been fluctuating between $8.02 and $12.18 over the past year. Vodafone Group plc ADR [NASDAQ: VOD] shares were valued at $8.67 at the most recent close of the market.

Analyzing the VOD fundamentals

The Vodafone Group plc ADR [NASDAQ:VOD] reported sales of 47.69B for trailing twelve months, representing a surge of 0.65%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is -0.1 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.52.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.59 points at the first support level, and at 8.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.75, and for the 2nd resistance point, it is at 8.84.

Ratios To Look Out For

It’s worth pointing out that Vodafone Group plc ADR [NASDAQ:VOD]’s Current Ratio is 0.89. Further, the Quick Ratio stands at 0.86, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 0.49, the price to book ratio is 0.37 and price to earnings (TTM) ratio is 2.19.

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