VEON Ltd (NASDAQ:VEON) Was Up 52.09% To Close At 0.40.

VEON Ltd (NASDAQ:VEON) was up 52.09% to close at 0.40.

VEON Ltd (NASDAQ:VEON) was up 52.09% to close at 0.40.

As of 2:03 PM on Friday, March 4, VimpelCom Ltd Stock Price was up 52.09 percent, while the S&P 500 was down -1.2 percent. VEON Shares are up $0.14 from its previous close of $0.26 on volume of 239,218,884 shares. The S&P 500 has increased 14.40% in the last year, while VimpelCom Ltd Stock has lost -77.14%. VEON Ltd earned $0.22 per share in the previous year, giving it a price-to-earnings ratio of 1.75.

What Does VEON Ltd (NASDAQ: VEON) Do?

VEON Ltd offers mobile and fixed-line communication services through its affiliates. It provides voice, data, and other communication services via wireless, fixed, and high-speed internet services. The firm gives value-added services such as short messages, multimedia messages, caller number identifiers, land line, transmitting data, cellular technologies, digital downloads, mobile finance services, machine-to-machine, and other offerings; national and international roaming offerings; wireless internet access and mobile financial offerings; mobile bundles and call completion offerings; and mobile bundles and call completion offerings.

The business also distributes equipment and accessories and provides fixed-line communication services such like voice, data, internet, and value-added services to organizations, operators, and customers. In Russia, Pakistan, Algeria, Uzbekistan, Ukraine, Bangladesh, Kazakhstan, Kyrgyzstan, and Georgia, the corporation operates under the Beeline, Kyivstar, Jazz, Djezzy, and banglalink trademarks. It has a customer base of over 210 million people. The company was once known as VimpelCom Ltd, but in March 2017, it was renamed to VEON Ltd (NASDAQ: VEON). The company was established in 1992 and is based in Amsterdam, the Netherlands.

VimpelCom Ltd Stock Price Today

VimpelCom Ltd Stock Price Today

VimpelCom Ltd Stock Price increased 52.09 percent on the latest trading day (Friday, March 4, 2022), jumping from $0.26 to $0.40. The VEON Price changed 60.84 percent over the day, from a low of $0.30 to a high of $0.48. The VEON Ltd Stock Price has dropped in 7 of the previous 10 days and is down by -72.22 percent during this time period. Volume grew along with the price on the past day, which is a favorable technical indicator, and 194 million more VEON Shares were exchanged than the day before. A total of 310 million VEON Ltd Shares (NASDAQ: VEON) were purchased and sold for a total of about $124.15 million.

In the near term, the VEON Stock is at the bottom of a very broad and downward trend, which may present a very good buying option. If the lower trend barrier of $0.25 is passed, it will first signal a faster decline rate. With the VEON Price Prediction data and given the present short-term trend, the VEON Shares are anticipated to lose -41.67 percent during the next three months and, with a 90 percent likelihood, conclude the time with a price between $0.14 and $0.79.

VEON Shares: Why the Price Increased?

In the most recent trading session, the shares of VEON Ltd (NASDAQ: VEON) gained by 17.68%. Investors have reacted positively to the firm’s statement on its present liquidity position.

VEON Shares have roughly $2.1 billion in cash and deposits as of February 27, 2022, with $1.5 billion in USD and EUR denominated cash and deposits kept at company headquarters in Amsterdam. Furthermore, the headquarters’ cash and deposits are maintained in bank accounts, money market funds, and on-demand deposits with a diverse set of foreign institutions from the European Union, the United States, and Japan.

In addition to the cash and deposits mentioned above, VEON Ltd (NASDAQ: VEON) has a USD 1.250 billion pledged revolving credit facility (RCF) from a consortium of diverse lenders based in the United States, Europe, and Asia.

On February 28, 2022, VEON Ltd withdrew $430 million from its RCF to redeem its $417 million notes, which expired on March 1, 2022, and to cover the accumulated interest on these notes. Considering this use, $820 million remains unspent under the RCF.

Just after this settlement, VEON Ltd (NASDAQ: VEON) will have no future debt obligations at its headquarters until 2022. The $529 million 5.95 percent VEON Holdings notes expiring on February 2023 are the first HQ maturity in 2023.

VEON Ltd Stock Forecast & Signals

On Thursday, March 03, 2022, a buy indication was sent from a pivot bottom point, and it has since climbed 52.09 percent. As per the VEON Stock Forecast data charts, further climb is predicted until a new top pivot is discovered. Volume is increasing in lockstep with the VEON Ltd Stock Price. This is seen as a positive technical indicator. Some unfavorable indications were also sent out, which may have an impact on the near-term growth and VEON Price Predictions. The stock of VimpelCom Ltd has sell indications from both short and long-term moving averages, indicating a more bearish outlook for the VEON Stock Forecast charts.

In addition, the relationship between the two indications shows a general sell signal when the long-term average is higher than the short-term average. On corrections upward, the VEON Ltd Stock Price levels at $0.53 and $1.25 will provide some resistance. Any break above any of these VimpelCom Ltd Stock Price levels will trigger a buy signal. Moreover, the 3 month Moving Average Convergence Divergence is now indicating a sell signal.

The consensus 12-month VEON Price Prediction for VEON Ltd (NASDAQ: VEON) from the 7 VEON Stock Forecast analysts providing 12-month predictions is 2.50, with a high estimate of 2.70 and a low estimate of 2.30. The median VimpelCom Ltd Stock Price Forecast reflects a gain of +810.42 percent over the previous price of 0.27.

Is VimpelCom Ltd Stock A Buy?

Is VimpelCom Ltd Stock A Buy

VEON Ltd (NASDAQ: VEON) has multiple negative signs and is in a very broad and declining trend, thus VimpelCom Ltd Stock Price Forecast analysts expect that the VEON Shares (NASDAQ: VEON) will continue to perform poorly in the coming days or weeks. As a result, VEON Stock Forecast experts have an unfavorable opinion on VEON Ltd Stock (NASDAQ: VEON). So that, the analysts of VEON Ltd Stock Forecast charts think the company stock is a Strong Sell.