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The closing price of Vestis Corp (NYSE: VSTS) was $14.87 for the day, up 0.81% from the previous closing price of $14.75. In other words, the price has increased by $0.81 from its previous closing price. On the day, 1.72 million shares were traded. VSTS stock price reached its highest trading level at $14.9 during the session, while it also had its lowest trading level at $14.68.
Ratios:
Our analysis of VSTS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 2.37. In the meantime, Its Debt-to-Equity ratio is 1.80 whereas as Long-Term Debt/Eq ratio is at 1.74.
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:
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 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 1955137280 and an Enterprise Value of 3547761920. As of this moment, Vestis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.68, and their Forward P/E ratio for the next fiscal year is 20.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.69 while its Price-to-Book (P/B) ratio in mrq is 2.17. Its current Enterprise Value per Revenue stands at 1.25 whereas that against EBITDA is 10.614.
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 5.32%, while the 200-Day Moving Average is calculated to be -6.63%.
Shares Statistics:
VSTS traded an average of 2.28M shares per day over the past three months and 2538650 shares per day over the past ten days. A total of 131.43M shares are outstanding, with a floating share count of 130.55M. Insiders hold about 0.71% of the company’s shares, while institutions hold 96.92% stake in the company. Shares short for VSTS as of 1726185600 were 5563086 with a Short Ratio of 2.44, compared to 1723680000 on 5173414. Therefore, it implies a Short% of Shares Outstanding of 5563086 and a Short% of Float of 4.75.
Dividends & Splits
With its trailing 12-month dividend rate of 0.105, VSTS has a forward annual dividend rate of 0.14. Against a Trailing Annual Dividend Yield of 0.0071186437
