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After finishing at $19.17 in the prior trading day, Envista Holdings Corp (NYSE: NVST) closed at $18.86, down -1.62%. In other words, the price has decreased by -$1.62 from its previous closing price. On the day, 1.74 million shares were traded. NVST stock price reached its highest trading level at $19.39 during the session, while it also had its lowest trading level at $18.7.
Ratios:
Our goal is to gain a better understanding of NVST 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 3.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.41. For the most recent quarter (mrq), Quick Ratio is recorded 1.93 and its Current Ratio is at 2.27. In the meantime, Its Debt-to-Equity ratio is 0.40 whereas as Long-Term Debt/Eq ratio is at 0.36.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on April 26, 2024, Downgraded its rating to Equal-Weight and sets its target price to $21 from $33 previously.
On February 26, 2024, Leerink Partners started tracking the stock assigning a Underperform rating and target price of $19.
Jefferies Downgraded its Buy to Hold on February 09, 2024, whereas the target price for the stock was revised from $30 to $23.
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 Nov 16 ’23 when Conley Eric bought 2,185 shares for $22.89 per share. The transaction valued at 50,015 led to the insider holds 47,376 shares of the business.
Nance Mark E bought 5,000 shares of NVST for $108,750 on Nov 08 ’23. The General Counsel now owns 39,042 shares after completing the transaction at $21.75 per share. On Nov 06 ’23, another insider, Aghdaei Amir, who serves as the Chief Executive Officer of the company, bought 10,000 shares for $21.53 each. As a result, the insider paid 215,253 and bolstered with 295,362 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, NVST now has a Market Capitalization of 3241242112 and an Enterprise Value of 3938746624. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.26 while its Price-to-Book (P/B) ratio in mrq is 0.78. Its current Enterprise Value per Revenue stands at 1.537 whereas that against EBITDA is 9.007.
Stock Price History:
The Beta on a monthly basis for NVST is 1.34, which has changed by -0.47096777 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, NVST has reached a high of $36.14, while it has fallen to a 52-week low of $18.09. The 50-Day Moving Average of the stock is -7.37%, while the 200-Day Moving Average is calculated to be -23.08%.
Shares Statistics:
The stock has traded on average 2.21M shares per day over the past 3-months and 2339220 shares per day over the last 10 days, according to various share statistics. A total of 171.50M shares are outstanding, with a floating share count of 171.01M. Insiders hold about 0.49% of the company’s shares, while institutions hold 104.37% stake in the company. Shares short for NVST as of 1714435200 were 11796037 with a Short Ratio of 5.34, compared to 1711584000 on 10844458. Therefore, it implies a Short% of Shares Outstanding of 11796037 and a Short% of Float of 8.67.
