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.
After finishing at $10.32 in the prior trading day, Vestis Corp (NYSE: VSTS) closed at $10.12, down -1.94%. In other words, the price has decreased by -$1.94 from its previous closing price. On the day, 3.06 million shares were traded. VSTS stock price reached its highest trading level at $10.51 during the session, while it also had its lowest trading level at $10.12.
Ratios:
Our goal is to gain a better understanding of VSTS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 71.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.84. 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:
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 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 1359611776 and an Enterprise Value of 2676655616. As of this moment, Vestis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 139.97, and their Forward P/E ratio for the next fiscal year is 11.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.48 while its Price-to-Book (P/B) ratio in mrq is 1.48. Its current Enterprise Value per Revenue stands at 0.966 whereas that against EBITDA is 9.159.
Stock Price History:
The Beta on a monthly basis for VSTS is 1.78, which has changed by -0.4662447 over the last 52 weeks, in comparison to a change of 0.10063088 over the same period for the S&P500. Over the past 52 weeks, VSTS has reached a high of $19.76, while it has fallen to a 52-week low of $8.92. The 50-Day Moving Average of the stock is -23.38%, while the 200-Day Moving Average is calculated to be -26.96%.
Shares Statistics:
The stock has traded on average 1.89M shares per day over the past 3-months and 4263870 shares per day over the last 10 days, according to various share statistics. A total of 131.70M shares are outstanding, with a floating share count of 130.49M. Insiders hold about 0.96% of the company’s shares, while institutions hold 104.09% stake in the company. Shares short for VSTS as of 1740700800 were 6811036 with a Short Ratio of 3.61, compared to 1738281600 on 5308769. Therefore, it implies a Short% of Shares Outstanding of 6811036 and a Short% of Float of 8.2200006.
Dividends & Splits
In the trailing 12 months, VSTS’s forward annual dividend rate was 0.14, compared to 0.14 this year. Against a Trailing Annual Dividend Yield of 0.013565892
