Viatris Inc (NASDAQ: VTRS) Trading under Its 20 Day MA ($11.46), Why Showing An Interesting Price Pattern?

Viatris Inc (NASDAQ:VTRS) does about 9.17M shares in volume on a normal day but saw 9575728 shares change hands in Friday’s trading. The company now has a market cap of 13.29B USD. Its current market price is $11.16, marking a decrease of -0.53% compared to the previous close of $11.22. The 52 week high reached by this stock is $13.62 whilst the lowest price level in 52 weeks is $8.74.

Viatris Inc (VTRS) has a 20-day trading average at $11.46 and the current price is -18.05% off the 52-week high compared with 27.69% distance from its 52-week low. The 50-day simple moving average of the closing price is $11.75 and its 200-day simple moving average is $10.84. If we look at the stock’s price movements over the week, volatility stands at 2.99%, which decreases to 2.40% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 38.03 to suggest the stock is neutral.

The consensus objective for the share price is $12.33, suggesting that the stock has a potential upside of 9.49% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 23, 2023 when BofA Securities downgraded the stock to “Underperform” and issued a price target of between $13 and $9. Barclays also downgraded the stock to “Underweight” from Equal Weight on June 23, 2023 at a price target of $11. Barclays downgraded its price target at $11.

Viatris Inc (VTRS) stock is down -5.26% over the week and -3.54% over the past month. Its price is 3.05% year-to-date and 16.37% over the past year.

To reach the target analysts have set, the stock logically needs to grow 9.49 percent from here.

The company has a return on investment of -0.15% and return on equity of -0.27%. The forward price to earnings ratio is 4.05. The beta has a value of 0.99. Price to book ratio is 0.67 and price to sales ratio is 0.87.