Vornado Realty Trust [NYSE:VNO]’s prices stumbled on Friday.
Other data for the company is as follows:
- Stochastic %K of 81.88
- Weighted Alpha of -43.3
Day traders should note that the company’s next earning date is 11/03/2020. The company has price per sales of 4.09.
The Bears are coming
Holding a Market Cap of $7.01 billion, Vornado Realty Trust has seen a trading range over the last year of $27.64-$68.68.
For the last five days, VNO is down from its last closing price. The average shares trading hands each day is 1.82M, with average 10-day volume coming in at 1.34 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for VNO. When we apply the Elder Force Index to Vornado Realty Trust, we are seeing an Elder Force Indicator number of -1282103.95.
The recent performance of the stock is another area that can tell traders how to proceed. VNO is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 76.39. Moreover, the company’s enterprise value has gone from $15.07B to $13.31B quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, VNO made a profit of 103.65 million. Vornado Realty Trust also saw quarter revenue growth year over year of 124.51%. In addition, the company has operating cash flow of $637.4 million.
Looking at popular technical indicators, the company’s 5-day moving average is 35.74 compared to the 50-day moving average of 35.29. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. VNO currently holds a 9-day RSI of 53.16%, while 100-day RSI stands at 46.49%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. VNO’s 9-day MACD is 0.78 and the company’s 100-day MACD stands at -0.76.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 8.44% by insiders and 90.60% by institutions.
Over the last six months, insiders have bought 10,200 with the most recent transaction from Helman William W, Director, with a purchase at price 48.74 per share.
Overall, the recommended rating for VNO is Hold. Currently, the company has 1 analysts watching the stock, and the average quarterly earnings estimate is 0.14. Quarterly revenue estimates are averaging 391.85M with the high estimate reaching 402.12M and the low at 377.14M.
To review, the current 1-year target estimate is sitting at 40.55, while the current price 35.52. Based on this, we expect the stock to rise considering the aforementioned fundamentals.