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Verisk Analytics Inc(VRSK-Q)
NASDAQ

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Chart of the Day: Has Verisk Peaked?

Barchart - Thu Jun 22, 2023

The Chart of the Day belongs to the data analytics company Verisk Analytics (VRSK)  .  I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart  feature to review the charts for consistent price appreciation.  Since the Trend Seeker signaled a buy on 5/3 the stock gained 11.61%.

VRSK Price vs Daily Moving Averages

Verisk Analytics, Inc. provides data analytics solutions to the insurance markets in the United States and internationally. The company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, and various other fields. It focuses on the prediction of loss, selection and pricing of risk, and compliance with their reporting requirements for property and casualty insurance customers, as well as develops machine learned and artificially intelligent models to forecast scenarios and produce standard and customized analytics that help its customers to manage their businesses, including detecting fraud before and after a loss event, and quantifying losses. The company was founded in 1971 and is headquartered in Jersey City, New Jersey.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

  • 100% technical buy signals
  • 37.94+Weighted Alpha
  • 37.92% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 2.53% in the last month
  • Relative Strength Index 70.54%
  • Technical support level at $224.28
  • Recently traded at $227.70 with 50 day moving average of $209.90

Fundamental Factors:

  • Market Cap $32.72 billion
  • P/E 39.32
  • Dividend yield .61%
  • Revenue projected to grow 5.40% this year and another 7.20% next year
  • Earnings estimated to increase 10.00% this year, an additional 16.90% next year and continue to compound at an annual rate of 10.50% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Wall Street analyst gave 7 strong buy, 4 buy and 7 hold  opinions on the stock
  • Analysts price targets are between $178 and $250  and yet despite all the strong buy and buy recommendations the consensus price target is $222 which is lower than its current price
  • The individual investors on Motley Fool voted 131 to 10 for the stock to beat the market with the more experienced investors voting 33 to 3 for the same result
  • Value Line rates the stock an average rating of 3 and  has an 18 month price target of $206 - lower than the current price
  • CFRAs MarketScope rates it a hold with a 12 month price target of $213 - again lower than todays price
  • 8,750 investors monitor the stock on Seeking Alpha

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in  the next 72 hours.

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.


 


On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

Provided Content: Content provided by Barchart. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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