Market Watch: Vestis Corp (VSTS)’s Noteworthy Drop, Closing at 15.59

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As of close of business last night, Vestis Corp’s stock clocked out at $15.59, down -0.83% from its previous closing price of $15.72. In other words, the price has decreased by -$0.83 from its previous closing price. On the day, 3.4 million shares were traded. VSTS stock price reached its highest trading level at $15.86 during the session, while it also had its lowest trading level at $15.185.

Ratios:

To gain a deeper understanding of VSTS’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 66.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.22. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 1.73. In the meantime, Its Debt-to-Equity ratio is 1.53 whereas as Long-Term Debt/Eq ratio is at 1.47.

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:

Investing in insider trades can also provide an investor with insight into how management views future 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 2052345600 and an Enterprise Value of 3342649856. As of this moment, Vestis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 97.99, and their Forward P/E ratio for the next fiscal year is 18.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.73 while its Price-to-Book (P/B) ratio in mrq is 2.27. Its current Enterprise Value per Revenue stands at 1.178 whereas that against EBITDA is 10.001.

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 3.85%, while the 200-Day Moving Average is calculated to be 6.88%.

Shares Statistics:

It appears that VSTS traded 1.89M shares on average per day over the past three months and 1982450 shares per day over the past ten days. A total of 131.48M shares are outstanding, with a floating share count of 130.39M. Insiders hold about 0.87% of the company’s shares, while institutions hold 95.26% stake in the company. Shares short for VSTS as of 1730332800 were 4203788 with a Short Ratio of 2.13, compared to 1727654400 on 3965999. Therefore, it implies a Short% of Shares Outstanding of 4203788 and a Short% of Float of 3.5900000000000003.

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