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The closing price of Varex Imaging Corp (NASDAQ: VREX) was $14.85 for the day, up 5.69% from the previous closing price of $14.05. In other words, the price has increased by $5.69 from its previous closing price. On the day, 0.52 million shares were traded. VREX stock price reached its highest trading level at $14.96 during the session, while it also had its lowest trading level at $14.05.
Ratios:
Our analysis of VREX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.58. For the most recent quarter (mrq), Quick Ratio is recorded 2.37 and its Current Ratio is at 4.23. In the meantime, Its Debt-to-Equity ratio is 0.82 whereas as Long-Term Debt/Eq ratio is at 0.81.
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 this company, Jefferies on October 12, 2022, initiated with a Hold rating and assigned the stock a target price of $24.
On February 05, 2021, Oppenheimer Upgraded its rating to Outperform which previously was Perform but kept the price unchanged to $41.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 15 ’24 when Honeysett Kimberley E. sold 2,860 shares for $17.37 per share. The transaction valued at 49,678 led to the insider holds 2,853 shares of the business.
Honeysett Kimberley E. sold 6,174 shares of VREX for $121,751 on Nov 22 ’23. The SVP and General Counsel now owns 0 shares after completing the transaction at $19.72 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VREX now has a Market Capitalization of 606711616 and an Enterprise Value of 903964992. As of this moment, Varex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.81, and their Forward P/E ratio for the next fiscal year is 18.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.71 while its Price-to-Book (P/B) ratio in mrq is 1.05. Its current Enterprise Value per Revenue stands at 1.056 whereas that against EBITDA is 9.515.
Stock Price History:
The Beta on a monthly basis for VREX is 0.59, which has changed by -0.35462844 over the last 52 weeks, in comparison to a change of 0.23951602 over the same period for the S&P500. Over the past 52 weeks, VREX has reached a high of $23.62, while it has fallen to a 52-week low of $13.97. The 50-Day Moving Average of the stock is -2.26%, while the 200-Day Moving Average is calculated to be -16.19%.
Shares Statistics:
VREX traded an average of 457.52K shares per day over the past three months and 398670 shares per day over the past ten days. A total of 40.53M shares are outstanding, with a floating share count of 40.44M. Insiders hold about 1.12% of the company’s shares, while institutions hold 105.15% stake in the company. Shares short for VREX as of 1718323200 were 4360257 with a Short Ratio of 7.58, compared to 1715731200 on 4402764. Therefore, it implies a Short% of Shares Outstanding of 4360257 and a Short% of Float of 16.259999999999998.
