Ratio Revelations: Vestis Corp (VSTS)’s Financial Metrics in the Spotlight

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Vestis Corp (NYSE: VSTS) closed the day trading at $12.70 up 1.84% from the previous closing price of $12.47. In other words, the price has increased by $1.84 from its previous closing price. On the day, 0.86 million shares were traded. VSTS stock price reached its highest trading level at $12.73 during the session, while it also had its lowest trading level at $12.39.

Ratios:

For a better understanding of VSTS, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 and its Current Ratio is at 2.51. In the meantime, Its Debt-to-Equity ratio is 1.80 whereas as Long-Term Debt/Eq ratio is at 1.74.

On May 07, 2024, Redburn Atlantic Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $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 28 ’24 when Pertz Douglas A bought 22,442 shares for $11.62 per share. The transaction valued at 260,706 led to the insider holds 218,046 shares of the business.

Corvex Management LP bought 100,000 shares of VSTS for $1,202,000 on May 24 ’24. The 10% Owner now owns 17,007,877 shares after completing the transaction at $12.02 per share. On May 24 ’24, another insider, Pertz Douglas A, who serves as the Director of the company, bought 54,468 shares for $11.99 each. As a result, the insider paid 653,055 and bolstered with 195,604 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 1669427712 and an Enterprise Value of 3258836992. Its current Enterprise Value per Revenue stands at 1.144 whereas that against EBITDA is 8.844.

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 4.39%, while the 200-Day Moving Average is calculated to be -23.82%.

Shares Statistics:

Over the past 3-months, VSTS traded about 3.12M shares per day on average, while over the past 10 days, VSTS traded about 1413480 shares per day. A total of 131.43M shares are outstanding, with a floating share count of 130.50M. Insiders hold about 0.72% of the company’s shares, while institutions hold 109.06% stake in the company. Shares short for VSTS as of 1721001600 were 5123396 with a Short Ratio of 1.64, compared to 1718323200 on 4423786. Therefore, it implies a Short% of Shares Outstanding of 5123396 and a Short% of Float of 4.37.