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After finishing at $12.90 in the prior trading day, Vestis Corp (NYSE: VSTS) closed at $12.40, down -3.88%. In other words, the price has decreased by -$3.88 from its previous closing price. On the day, 1.04 million shares were traded. VSTS stock price reached its highest trading level at $13.0 during the session, while it also had its lowest trading level at $12.36.
Ratios:
Our goal is to gain a better understanding of VSTS by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 and its Current Ratio is at 2.51. In the meantime, Its Debt-to-Equity ratio is 1.80 whereas as Long-Term Debt/Eq ratio is at 1.74.
On May 07, 2024, Redburn Atlantic Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $13.40.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 28 ’24 when Pertz Douglas A bought 22,442 shares for $11.62 per share. The transaction valued at 260,706 led to the insider holds 218,046 shares of the business.
Corvex Management LP bought 100,000 shares of VSTS for $1,202,000 on May 24 ’24. The 10% Owner now owns 17,007,877 shares after completing the transaction at $12.02 per share. On May 24 ’24, another insider, Pertz Douglas A, who serves as the Director of the company, bought 54,468 shares for $11.99 each. As a result, the insider paid 653,055 and bolstered with 195,604 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VSTS now has a Market Capitalization of 1695712384 and an Enterprise Value of 3219401728. Its current Enterprise Value per Revenue stands at 1.13 whereas that against EBITDA is 8.737.
Stock Price History:
Over the past 52 weeks, VSTS has reached a high of $22.37, while it has fallen to a 52-week low of $8.92. The 50-Day Moving Average of the stock is 3.86%, while the 200-Day Moving Average is calculated to be -26.40%.
Shares Statistics:
The stock has traded on average 3.05M shares per day over the past 3-months and 2443140 shares per day over the last 10 days, according to various share statistics. A total of 131.43M shares are outstanding, with a floating share count of 130.50M. Insiders hold about 0.72% of the company’s shares, while institutions hold 108.49% stake in the company. Shares short for VSTS as of 1719532800 were 4661662 with a Short Ratio of 1.53, compared to 1717113600 on 3085016. Therefore, it implies a Short% of Shares Outstanding of 4661662 and a Short% of Float of 3.9800000000000004.
Dividends & Splits
In the trailing 12 months, VSTS’s forward annual dividend rate was 0.07, compared to 0.10 this year. Against a Trailing Annual Dividend Yield of 0.0054263566
