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 $18.94 in the prior trading day, Vestis Corp (NYSE: VSTS) closed at $18.70, down -1.27%. In other words, the price has decreased by -$1.27 from its previous closing price. On the day, 0.95 million shares were traded. VSTS stock price reached its highest trading level at $18.98 during the session, while it also had its lowest trading level at $18.69.
Ratios:
Our goal is to gain a better understanding of VSTS by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.21 and its Current Ratio is at 2.61. In the meantime, Its Debt-to-Equity ratio is 1.86 whereas as Long-Term Debt/Eq ratio is at 1.78.
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 the company, Barclays on February 28, 2024, Downgraded its rating to Underweight and sets its target price to $19 from $17 previously.
On January 25, 2024, Goldman started tracking the stock assigning a Neutral rating and target price of $22.
On January 11, 2024, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $24.Wolfe Research initiated its Outperform rating on January 11, 2024, with a $24 target price.
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 Feb 09 ’24 when Scott Kim bought 15,000 shares for $19.14 per share. The transaction valued at 287,175 led to the insider holds 183,131 shares of the business.
Pertz Douglas A bought 5,120 shares of VSTS for $100,352 on Dec 15 ’23. The Director now owns 23,697 shares after completing the transaction at $19.60 per share. On Dec 14 ’23, another insider, Pertz Douglas A, who serves as the Director of the company, bought 5,250 shares for $19.10 each. As a result, the insider paid 100,275 and bolstered with 18,577 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 2489531136 and an Enterprise Value of 4091534592. Its current Enterprise Value per Revenue stands at 1.439 whereas that against EBITDA is 11.145.
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 $13.83. The 50-Day Moving Average of the stock is -0.78%, while the 200-Day Moving Average is calculated to be 0.88%.
Shares Statistics:
The stock has traded on average 1.71M shares per day over the past 3-months and 1141090 shares per day over the last 10 days, according to various share statistics. A total of 131.43M shares are outstanding, with a floating share count of 130.75M. Insiders hold about 0.52% of the company’s shares, while institutions hold 98.28% stake in the company. Shares short for VSTS as of 1711584000 were 3759727 with a Short Ratio of 2.20, compared to 1709164800 on 2958875. Therefore, it implies a Short% of Shares Outstanding of 3759727 and a Short% of Float of 3.2099999999999995.
Dividends & Splits
In the trailing 12 months, VSTS’s forward annual dividend rate was 0.035, compared to 0.07 this year. Against a Trailing Annual Dividend Yield of 0.0018479408
