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Stock on Downward Trajectory: Valeant Pharmaceuticals International, Inc. (NYSE:VRX)
by Franklin Staff — May 15, 2016
Valeant Pharmaceuticals International, Inc. (NYSE:VRX) stock has moved in a downward direction over the past month, causing some worry for investors. Based on a recent trade, the shares are down -19.96% for the month and -13.35% over the past five trading days. Looking further out, the stock is -74.52% year to date. With increased market volatility, stakeholders will likely be deciding whether or not now is a good time to unload the stock or hold for a turnaround.
Wall Street analysts are still seeing some upside to the stock despite the recent bearish move. Sell-side firms, on a consensus basis have a 2.90 recommendation, according to First Call. The recommendation is based on a 1 to 5 scale where 1 or 2 indicates a Buy recommendation, 3 a Hold and 4-5 a Sell.
Valeant Pharmaceuticals International, Inc. (NYSE:VRX) has posted trailing 12 months earnings of $-0.84 per share. The company has seen a change of -133.00% earnings per share this year. Analysts are predicting 22.87% for the company next year. The firm is yielding -0.60% return on assets and -4.60% return on equity.
In taking a look at technical levels, shares are trading -30.14% away from the 50 day simple moving average and -77.57% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -90.18% away from it’s 52- week high and 9.98% away from its 52 week low. After the recent decrease, investors may also look to see if the stock has entered oversold territory and could possibly ripe for a bounceback. Traditionally a stock is considered to be oversold when the Relative Strength Index moves below 30. As of writing, Valeant Pharmaceuticals International, Inc.’s RSI stands at 35.22. In looking at volatility levels, the shares saw weekly volatility of 9.57% and 8.47% over the past month.
Disclaimer: This article is in no way encouraging or advising whether to buy or sell the security, Being a successful investor during one time period does not mean that you will make money when you actually invest during a later time period. Market conditions constantly change. When investing in securities or options you may lose all of the money you invested. Stock trading and investing involves risk of loss to investment capital and past performance is not a guarantee of future results.