Vodafone Group (VOD, Financial) is experiencing a surge in bearish sentiment in the options market, with notable put trading activity. A total of 1,424 put options were exchanged, exceeding the anticipated volume by 10%. The most traded contracts are the October 25th 8 and 9 puts, which collectively account for around 920 of the total transactions.
The Put/Call Ratio, a metric used to gauge market sentiment, stands at 2.11, indicating a higher preference for puts over calls. Additionally, the at-the-money implied volatility (ATM IV) has increased by nearly 5 percentage points for the day, reflecting heightened expectations of price fluctuations in the near term.
This surge in put trading and volatility comes ahead of Vodafone's earnings announcement, scheduled for May 20th. These developments suggest that investors might be positioning for potential downside risks in the stock ahead of the upcoming earnings report.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Vodafone Group PLC (VOD, Financial) is $10.69 with a high estimate of $10.92 and a low estimate of $10.45. The average target implies an upside of 16.33% from the current price of $9.19. More detailed estimate data can be found on the Vodafone Group PLC (VOD) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Vodafone Group PLC's (VOD, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Vodafone Group PLC (VOD, Financial) in one year is $13.86, suggesting a upside of 50.9% from the current price of $9.185. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Vodafone Group PLC (VOD) Summary page.
