VEON Stock Summary and Trading Ideas (Veon Ltd. - American Depositary Shares | NASDAQ:VEON)

VEON Ltd is a global provider of connectivity and internet services. The company provides its customers with voice, fixed broadband, data, and digital services. Currently, the company offers services to customers in the following countries: Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. The reportable segments currently consist of the following five segments: Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. The company provides services under the Beeline, Kyivstar, banglalink and Jazz brands.

Veon Ltd. - American Depositary Shares trades on the NASDAQ stock market under the symbol VEON.

As of December 13, 2024, VEON stock price declined to $36.47 with 28,471 million shares trading.

VEON has a beta of 0.04, meaning it tends to be less sensitive to market movements. VEON has a correlation of 0.00 to the broad based SPY ETF.

VEON has a market cap of $2.58 billion. This is considered a Mid Cap stock.

In the last 3 years, VEON traded as high as $44.50 and as low as $6.00.

The top ETF exchange traded funds that VEON belongs to (by Net Assets): EHLS, ONEQ, APIE.

VEON has outperformed the market in the last year with a price return of +84.5% while the SPY ETF gained +29.9%. VEON has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +30.0% and +7.4%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

VEON support price is $36.02 and resistance is $38.16 (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 VEON shares will trade within this expected range on the day.