Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Envista Holdings Corp (NYSE: NVST) closed the day trading at $19.75 up 0.82% from the previous closing price of $19.59. In other words, the price has increased by $0.82 from its previous closing price. On the day, 1.96 million shares were traded. NVST stock price reached its highest trading level at $19.855 during the session, while it also had its lowest trading level at $19.5.
Ratios:
For a better understanding of NVST, 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 3.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.60. For the most recent quarter (mrq), Quick Ratio is recorded 1.90 and its Current Ratio is at 2.23. In the meantime, Its Debt-to-Equity ratio is 0.40 whereas as Long-Term Debt/Eq ratio is at 0.36.
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, Leerink Partners on February 26, 2024, initiated with a Underperform rating and assigned the stock a target price of $19.
On February 09, 2024, Jefferies Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $30 to $23.
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 Nov 16 ’23 when Conley Eric bought 2,185 shares for $22.89 per share. The transaction valued at 50,015 led to the insider holds 47,376 shares of the business.
Nance Mark E bought 5,000 shares of NVST for $108,750 on Nov 08 ’23. The General Counsel now owns 39,042 shares after completing the transaction at $21.75 per share. On Nov 06 ’23, another insider, Aghdaei Amir, who serves as the Chief Executive Officer of the company, bought 10,000 shares for $21.53 each. As a result, the insider paid 215,253 and bolstered with 295,362 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, NVST now has a Market Capitalization of 3394136320 and an Enterprise Value of 4101715200. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.32 while its Price-to-Book (P/B) ratio in mrq is 0.81. Its current Enterprise Value per Revenue stands at 1.598 whereas that against EBITDA is 8.859.
Stock Price History:
Over the past 52 weeks, NVST has reached a high of $39.28, while it has fallen to a 52-week low of $18.95. The 50-Day Moving Average of the stock is -7.54%, while the 200-Day Moving Average is calculated to be -23.88%.
Shares Statistics:
Over the past 3-months, NVST traded about 2.44M shares per day on average, while over the past 10 days, NVST traded about 1989350 shares per day. A total of 171.50M shares are outstanding, with a floating share count of 170.91M. Insiders hold about 0.55% of the company’s shares, while institutions hold 105.74% stake in the company. Shares short for NVST as of 1711584000 were 10844458 with a Short Ratio of 4.44, compared to 1709164800 on 8602371. Therefore, it implies a Short% of Shares Outstanding of 10844458 and a Short% of Float of 7.969999999999999.
Earnings Estimates
Investors are keenly observing as NETLIST INC analysts analyze and rate the current performance of Envista Holdings Corp (NVST) in the stock market.The consensus estimate for the next quarter is $0.49, with high estimates of $65.88 and low estimates of $92.57.
Analysts are recommending an EPS of between $Utilities and $Healthcare for the fiscal current year, implying an average EPS of $Industrials.
