V Stock Summary and Trading Ideas (Visa | NYSE:V)

Visa is the largest payment processor in the world. In fiscal 2022, it processed over $14 trillion in total volume. Visa operates in over 200 countries and processes transactions in over 160 currencies. Its systems are capable of processing over 65,000 transactions per second.

Visa trades on the NYSE stock market under the symbol V.

As of April 19, 2024, V stock price declined to $269.78 with 6,164,004 million shares trading.

V has a beta of 0.74, meaning it tends to be less sensitive to market movements. V has a correlation of 0.43 to the broad based SPY ETF.

V has a market cap of $546.47 billion. This is considered a Mega Cap stock.

Last quarter Visa reported $9 billion in Revenue and $2.41 earnings per share. This beat revenue expectation by $94 million and exceeded earnings estimates by $.07.

In the last 3 years, V stock traded as high as $290.96 and as low as $174.60.

The top ETF exchange traded funds that V belongs to (by Net Assets): VTI, VOO, SPY, IVV, VUG.

V has underperformed the market in the last year with a return of +16.8%, while the SPY ETF gained +21.2%. In the last 3 month period, V fell short of the market, returning -0.2%, while SPY returned +3.0%. However, in the most recent 2 weeks V has outperformed the stock market by returning -2.7%, while SPY returned -4.5%.

V support price is $268.45 and resistance is $274.29 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that V stock will trade within this expected range on the day.