For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, Varex Imaging Corp (NASDAQ: VREX) closed at $15.59 down -5.11% from its previous closing price of $16.43. In other words, the price has decreased by -$5.11 from its previous closing price. On the day, 1.03 million shares were traded. VREX stock price reached its highest trading level at $16.04 during the session, while it also had its lowest trading level at $14.56.
Ratios:
For a deeper understanding of Varex Imaging Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.01. 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:
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 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. On May 08 ’23, another insider, Kunkel Jay K., who serves as the Director of the company, sold 9,120 shares for $21.90 each. As a result, the insider received 199,728 and left with 11,598 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, VREX now has a Market Capitalization of 636945024 and an Enterprise Value of 934230976. As of this moment, Varex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.70, and their Forward P/E ratio for the next fiscal year is 16.03. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.75 while its Price-to-Book (P/B) ratio in mrq is 1.11. Its current Enterprise Value per Revenue stands at 1.092 whereas that against EBITDA is 9.834.
Stock Price History:
Over the past 52 weeks, VREX has reached a high of $23.90, while it has fallen to a 52-week low of $16.00. The 50-Day Moving Average of the stock is -10.05%, while the 200-Day Moving Average is calculated to be -18.00%.
Shares Statistics:
For the past three months, VREX has traded an average of 354.72K shares per day and 292390 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 106.92% stake in the company. Shares short for VREX as of 1713139200 were 4534487 with a Short Ratio of 12.78, compared to 1710460800 on 4388621. Therefore, it implies a Short% of Shares Outstanding of 4534487 and a Short% of Float of 17.06.
