VE stock: buy or sell
Jan 27th, 2021
VE stock brief
- VE stock scarcely moved 0.39% to close at $36.36 on the stock market on Tuesday.
- Looking at the chart, price is drawing an scaled downtrend since mid-December with lower tops and lower bottoms. shares price lost a -5.92% since the downtrend started.
- The Goldman Sachs Group posted a strong sell rating for VE last Friday
- VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U. S.
Should I buy VE stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $VER stock a buy?
Currently, VE stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $VER will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell VE stock?
When is it time to sell VE stock?. Trading strategies help us to avoid rash decisions based on our personal sentiments or the noise surrounding the market. When selling, as well as buying, our strategies are very simple to use but are only applicable for selling shares you already own, not for selling short VE stock
A golden rule is that you must never hold an investment that shows a higher than expected losses at the time of the buy. The timing to sell your stock always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell VE stock?
Currently, VE stock doesn't match any of our preferred sell setups, so if you own VE shares and your operation is in profit probably is not time to sell now
In the last 30 days, 2 analyst ratings were published for VE
|Jan 14th, 2021|
|Mizuho|| Neutral → |
|Jan 22nd, 2021|
|The Goldman Sachs Group|| |
VE stock analysis
VE accumulates a selloff of -5.92% since its latest high mid-December at $38.65. The stock plotted 2 consecutive lower tops.
Supports and resistances
The current resistances are:
The current support levels are:
Relative strength index
When the moves for so long below 70 and above 30, without indicating moments of overbought and oversold, the indicator gets of little use, and we find ourselves in one of these cases.
VE stock price history
VE started trading on Sep 9th, 2011 at $35.14 per share1. Since then, VER stock surged by 3.47%, with an average of 0.39% per year. If you had invested $1,000USD in VE stock on the IPO, it would worth $1,034.72 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for VE stock
Nobody can predict how much a stock will be priced tomorrow. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.
The following table shows the price predictions released by analysts for the last 30 days. If you are a small trader you don't have to trade based on these price targets.
There is just one price target available for VE that forecasts a price of $39.00.
|Brokerage firm||Price target|
|Jan 14th, 2021|
|Mizuho||$35.00 → $39.00|
|Jan 22nd, 2021|
|The Goldman Sachs Group||Not available|
Earnings and financials
Last November, VEREIT, Inc. ($VER) posted adjusted EPS for that considerably missed Wall St. expectations. Quarterly EPS was $0.15 per share compared to the forecasted $0.23. This quarterly report represents an earnings surprise of -34.78%. Company's revenue was $293.7 million in contrast to $279.2 million forecasted by market consensus.For comparison, the EPS for the same quarter last year was $-3.80, so current EPS is a gain of 103.95%. Looking at turnover, figures only moved compared to $3.0B same quarter 12 months ago.
VE ($VER) posts Q4 financial report late next February. Market estimates of $0.22, compared to Q3 that made $0.15.
Disclaimer:The thoughts given in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not know the individual situations of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for educative reasons only
|Tuesday, January 26th, 2021|
|Day range||$36.24 - $36.68|
|Average true range||$1.10|
|50d mov avg||$36.51|
|100d mov avg||$34.78|
|200d mov avg||$32.21|
|Earnings date||February 24th, 2021|