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After finishing at $9.04 in the prior trading day, Vestis Corp (NYSE: VSTS) closed at $7.98, down -11.73%. In other words, the price has decreased by -$11.73 from its previous closing price. On the day, 4.1 million shares were traded. VSTS stock price reached its highest trading level at $8.92 during the session, while it also had its lowest trading level at $7.885.
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 56.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.03. For the most recent quarter (mrq), Quick Ratio is recorded 0.54 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 1.51 whereas as Long-Term Debt/Eq ratio is at 1.46.
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 1051325120 and an Enterprise Value of 2394721024. As of this moment, Vestis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 110.37, and their Forward P/E ratio for the next fiscal year is 9.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 0.864 whereas that against EBITDA is 8.194.
Stock Price History:
The Beta on a monthly basis for VSTS is 1.70, which has changed by -0.5835073 over the last 52 weeks, in comparison to a change of -0.024663687 over the same period for the S&P500. Over the past 52 weeks, VSTS has reached a high of $19.76, while it has fallen to a 52-week low of $8.92. The 50-Day Moving Average of the stock is -34.33%, while the 200-Day Moving Average is calculated to be -42.00%.
Shares Statistics:
The stock has traded on average 2.02M shares per day over the past 3-months and 2599190 shares per day over the last 10 days, according to various share statistics. A total of 131.70M shares are outstanding, with a floating share count of 130.42M. Insiders hold about 1.01% of the company’s shares, while institutions hold 104.16% stake in the company. Shares short for VSTS as of 1741910400 were 7929050 with a Short Ratio of 3.93, compared to 1739491200 on 6237541. Therefore, it implies a Short% of Shares Outstanding of 7929050 and a Short% of Float of 9.5699996.
Dividends & Splits
In the trailing 12 months, VSTS’s forward annual dividend rate was 0.14, compared to 0.14 this year. Against a Trailing Annual Dividend Yield of 0.015486726
