Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Vestis Corp (NYSE: VSTS) closed at $8.70 in the last session, down -0.68% from day before closing price of $8.76. In other words, the price has decreased by -$0.68 from its previous closing price. On the day, 1.02 million shares were traded. VSTS stock price reached its highest trading level at $8.9 during the session, while it also had its lowest trading level at $8.6625.
Ratios:
We take a closer look at VSTS’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 61.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.30. 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:
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 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 1146181504 and an Enterprise Value of 2489577472. As of this moment, Vestis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 120.33, and their Forward P/E ratio for the next fiscal year is 10.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.41 while its Price-to-Book (P/B) ratio in mrq is 1.27. Its current Enterprise Value per Revenue stands at 0.898 whereas that against EBITDA is 8.519.
Stock Price History:
The Beta on a monthly basis for VSTS is 1.81, which has changed by -0.07545167 over the last 52 weeks, in comparison to a change of 0.092895746 over the same period for the S&P500. Over the past 52 weeks, VSTS has reached a high of $18.95, while it has fallen to a 52-week low of $7.35. The 50-Day Moving Average of the stock is -12.46%, while the 200-Day Moving Average is calculated to be -35.18%.
Shares Statistics:
According to the various share statistics, VSTS traded on average about 2.28M shares per day over the past 3-months and 1398600 shares per day over the past 10 days. 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 106.60% stake in the company. Shares short for VSTS as of 1744675200 were 7447336 with a Short Ratio of 3.26, compared to 1741910400 on 7929050. Therefore, it implies a Short% of Shares Outstanding of 7447336 and a Short% of Float of 8.9899994.
Dividends & Splits
The forward annual dividend rate for VSTS is 0.14, which was 0.14 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.015981736
