Voya Financial (VOYA) Is Today's Water-Logged And Getting Wetter Stock
Trade-Ideas LLC identified
(
) as a "water-logged and getting wetter" (weak stocks crossing below support with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified Voya Financial as such a stock due to the following factors:
- VOYA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $75.3 million.
- VOYA has traded 1.4 million shares today.
- VOYA traded in a range 219.8% of the normal price range with a price range of $1.79.
- VOYA traded below its daily resistance level (quality: 18 days, meaning that the stock is crossing a resistance level set by the last 18 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).
Stocks matching the 'Water-Logged and Getting Wetter' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying negative price action. In this case, the stock crossed an important inflection point; namely, "support" while at the same time the range of the stock's movement in price is twice its normal size. This large range foreshadows a possible continuation as the stock moves lower.
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More details on VOYA:
Voya Financial, Inc. operates as a retirement, investment, and insurance company in the United States. The company has five segments: Retirement, Annuities, Investment Management, Individual Life, and Employee Benefits. The stock currently has a dividend yield of 0.1%. VOYA has a PE ratio of 5. Currently there are 7 analysts that rate Voya Financial a buy, 1 analyst rates it a sell, and 6 rate it a hold.
The average volume for Voya Financial has been 2.0 million shares per day over the past 30 days. Voya Financial has a market cap of $9.3 billion and is part of the financial sector and financial services industry. The stock has a beta of 1.72 and a short float of 1.6% with 1.85 days to cover. Shares are down 4% year-to-date as of the close of trading on Tuesday.
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Analysis:
rates Voya Financial as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins.
Highlights from the ratings report include:
- VOYA's revenue growth has slightly outpaced the industry average of 3.2%. Since the same quarter one year prior, revenues rose by 10.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Despite the fact that it has already risen in the past year, there is currently no conclusive evidence that warrants the purchase or sale of this stock.
- VOYA FINANCIAL INC has improved earnings per share by 27.8% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, VOYA FINANCIAL INC increased its bottom line by earning $9.20 versus $2.27 in the prior year. For the next year, the market is expecting a contraction of 65.0% in earnings ($3.22 versus $9.20).
- The gross profit margin for VOYA FINANCIAL INC is rather low; currently it is at 20.63%. Regardless of VOYA's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, VOYA's net profit margin of 9.52% compares favorably to the industry average.
- Net operating cash flow has significantly decreased to $429.50 million or 58.33% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
- You can view the full Voya Financial Ratings Report.
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