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The price of Vestis Corp (NYSE: VSTS) closed at $12.56 in the last session, down -0.16% from day before closing price of $12.58. In other words, the price has decreased by -$0.16 from its previous closing price. On the day, 1.55 million shares were traded. VSTS stock price reached its highest trading level at $12.77 during the session, while it also had its lowest trading level at $12.48.
Ratios:
We take a closer look at VSTS’s different ratios to gain a better understanding of the stock. 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 07, 2024, Redburn Atlantic Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $13.40.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 28 ’24 when Pertz Douglas A bought 22,442 shares for $11.62 per share. The transaction valued at 260,706 led to the insider holds 218,046 shares of the business.
Corvex Management LP bought 100,000 shares of VSTS for $1,202,000 on May 24 ’24. The 10% Owner now owns 17,007,877 shares after completing the transaction at $12.02 per share. On May 24 ’24, another insider, Pertz Douglas A, who serves as the Director of the company, bought 54,468 shares for $11.99 each. As a result, the insider paid 653,055 and bolstered with 195,604 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 1653649664 and an Enterprise Value of 3240433920. Its current Enterprise Value per Revenue stands at 1.138 whereas that against EBITDA is 8.794.
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 3.58%, while the 200-Day Moving Average is calculated to be -24.94%.
Shares Statistics:
According to the various share statistics, VSTS traded on average about 3.08M shares per day over the past 3-months and 2284700 shares per day over the past 10 days. A total of 131.43M shares are outstanding, with a floating share count of 130.50M. Insiders hold about 0.72% of the company’s shares, while institutions hold 108.10% stake in the company. Shares short for VSTS as of 1719532800 were 4661662 with a Short Ratio of 1.51, compared to 1717113600 on 3085016. Therefore, it implies a Short% of Shares Outstanding of 4661662 and a Short% of Float of 3.9800000000000004.
Dividends & Splits
The forward annual dividend rate for VSTS is 0.10, which was 0.07 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.005564388
