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After finishing at $16.03 in the prior trading day, Vestis Corp (NYSE: VSTS) closed at $15.67, down -2.25%. In other words, the price has decreased by -$2.25 from its previous closing price. On the day, 0.92 million shares were traded. VSTS stock price reached its highest trading level at $16.01 during the session, while it also had its lowest trading level at $15.59.
Ratios:
Our goal is to gain a better understanding of VSTS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 66.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.25. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 1.73. In the meantime, Its Debt-to-Equity ratio is 1.53 whereas as Long-Term Debt/Eq ratio is at 1.47.
Redburn Atlantic Downgraded its Buy to Neutral on May 07, 2024, while the target price for the stock was maintained at $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 24 ’24 when Pertz Douglas A bought 54,468 shares for $11.99 per share. The transaction valued at 653,055 led to the insider holds 195,604 shares of the business.
Pertz Douglas A bought 22,442 shares of VSTS for $260,706 on May 28 ’24. The Director now owns 218,046 shares after completing the transaction at $11.62 per share. On May 24 ’24, another insider, Shih Grant, who serves as the EVP and CTO of the company, bought 800 shares for $12.00 each. As a result, the insider paid 9,600 and bolstered with 6,187 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 2062877184 and an Enterprise Value of 3342649856. As of this moment, Vestis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 98.49, and their Forward P/E ratio for the next fiscal year is 18.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.74 while its Price-to-Book (P/B) ratio in mrq is 2.28. Its current Enterprise Value per Revenue stands at 1.178 whereas that against EBITDA is 10.001.
Stock Price History:
The Beta on a monthly basis for VSTS is 1.62, which has changed by -0.26636153 over the last 52 weeks, in comparison to a change of 0.23095727 over the same period for the S&P500. 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 -0.94%, while the 200-Day Moving Average is calculated to be 9.97%.
Shares Statistics:
The stock has traded on average 1.85M shares per day over the past 3-months and 706990 shares per day over the last 10 days, according to various share statistics. A total of 131.48M shares are outstanding, with a floating share count of 130.40M. Insiders hold about 0.86% of the company’s shares, while institutions hold 103.97% stake in the company. Shares short for VSTS as of 1730332800 were 4203788 with a Short Ratio of 3.37, compared to 1727654400 on 3965999. Therefore, it implies a Short% of Shares Outstanding of 4203788 and a Short% of Float of 3.5900000000000003.