VEREIT, Inc. (VER)’s Stock Formed A Several Months Multiple Bottom

April 17, 2018 - By Mona Holcomb


The stock of VEREIT, Inc. (VER) shows a multiple bottoms pattern with $6.32 target or 8.00 % below today’s $6.87 share price. The 5 months chart pattern indicates high risk for the $6.83 billion company. It was reported on Apr, 17 by If the $6.32 price target is reached, the company will be worth $546.48 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 0.73% or $0.05 during the last trading session, reaching $6.87. About 2.57 million shares traded. VEREIT, Inc. (NYSE:VER) has declined 19.24% since April 17, 2017 and is downtrending. It has underperformed by 30.79% the S&P500.

Analysts await VEREIT, Inc. (NYSE:VER) to report earnings on May, 3. They expect $0.18 earnings per share, down 5.26 % or $0.01 from last year’s $0.19 per share. VER’s profit will be $178.98 million for 9.54 P/E if the $0.18 EPS becomes a reality. After $0.18 actual earnings per share reported by VEREIT, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

VEREIT, Inc. (NYSE:VER) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: