Beyond market averages, investors looking for exceptional returns turn to stock picking. Skillful choices in individual stocks have the power to substantially increase your wealth.
In the latest session, Vestis Corp (NYSE: VSTS) closed at $9.91 up 5.31% from its previous closing price of $9.41. In other words, the price has increased by $5.31 from its previous closing price. On the day, 11.85 million shares were traded. VSTS stock price reached its highest trading level at $9.97 during the session, while it also had its lowest trading level at $9.06.
Ratios:
For a deeper understanding of Vestis Corp’s stock, let’s take a closer look at its various 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 03, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $22 to $11.
Barclays Downgraded its Equal Weight to Underweight on February 28, 2024, whereas the target price for the stock was revised from $17 to $19.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 03 ’24 when Pertz Douglas A bought 110,000 shares for $10.02 per share. The transaction valued at 1,102,079 led to the insider holds 141,136 shares of the business.
Holloman James Phillip bought 20,200 shares of VSTS for $200,548 on May 03 ’24. The Director now owns 44,132 shares after completing the transaction at $9.93 per share. On Feb 09 ’24, another insider, Scott Kim, who serves as the President and CEO of the company, bought 15,000 shares for $19.14 each. As a result, the insider paid 287,175 and bolstered with 183,131 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 1302679424 and an Enterprise Value of 4061302784. Its current Enterprise Value per Revenue stands at 1.429 whereas that against EBITDA is 11.063.
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 -46.14%, while the 200-Day Moving Average is calculated to be -46.22%.
Shares Statistics:
For the past three months, VSTS has traded an average of 2.48M shares per day and 6179840 over the past ten days. A total of 131.43M shares are outstanding, with a floating share count of 130.75M. Insiders hold about 0.52% of the company’s shares, while institutions hold 99.76% stake in the company. Shares short for VSTS as of 1713139200 were 4070431 with a Short Ratio of 1.64, compared to 1710460800 on 3949555. Therefore, it implies a Short% of Shares Outstanding of 4070431 and a Short% of Float of 3.47.
Dividends & Splits
According to the company, the forward annual dividend rate for VSTS is 0.07, from 0.035 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0037194474
