Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
Vestis Corp (NYSE: VSTS) closed the day trading at $7.65 up 2.82% from the previous closing price of $7.44. In other words, the price has increased by $2.82 from its previous closing price. On the day, 1.65 million shares were traded. VSTS stock price reached its highest trading level at $7.705 during the session, while it also had its lowest trading level at $7.42.
Ratios:
For a better understanding of VSTS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 54.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.90. For the most recent quarter (mrq), Quick Ratio is recorded 0.54 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 1.51 whereas as Long-Term Debt/Eq ratio is at 1.46.
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:
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 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 1007849280 and an Enterprise Value of 2351245056. As of this moment, Vestis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 105.81, and their Forward P/E ratio for the next fiscal year is 8.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.36 while its Price-to-Book (P/B) ratio in mrq is 1.12. Its current Enterprise Value per Revenue stands at 0.848 whereas that against EBITDA is 8.045.
Stock Price History:
The Beta on a monthly basis for VSTS is 1.98, which has changed by -0.59003216 over the last 52 weeks, in comparison to a change of 0.0635103 over the same period for the S&P500. Over the past 52 weeks, VSTS has reached a high of $19.11, while it has fallen to a 52-week low of $7.37. The 50-Day Moving Average of the stock is -29.61%, while the 200-Day Moving Average is calculated to be -43.63%.
Shares Statistics:
Over the past 3-months, VSTS traded about 2.19M shares per day on average, while over the past 10 days, VSTS traded about 2514450 shares per day. A total of 131.70M shares are outstanding, with a floating share count of 130.42M. Insiders hold about 1.00% of the company’s shares, while institutions hold 106.44% stake in the company. Shares short for VSTS as of 1743379200 were 5943234 with a Short Ratio of 2.71, compared to 1740700800 on 6811036. Therefore, it implies a Short% of Shares Outstanding of 5943234 and a Short% of Float of 7.180000000000001.
Dividends & Splits
VSTS’s forward annual dividend rate is 0.14, up from 0.14 a year ago. Against a Trailing Annual Dividend Yield of 0.018817205
