Robert W. Baird has recently reduced Vestis Corp (VSTS) stock to Neutral rating, as announced on August 8, 2024, according to Finviz. Earlier, on May 31, 2024, William Blair had initiated the stock to Mkt Perform. Redburn Atlantic also reduced Neutral rating with a price target of $13.40. Additionally, Stifel reduced Hold rating on May 3, 2024. JP Morgan analysts, in their report published on May 3, 2024, also reduced Neutral rating and set a price target of $22 for Vestis Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Vestis Corp (VSTS) Stock Trading Recap
On Tuesday, Vestis Corp (VSTS) stock saw a decline, ending the day at $14.77 which represents a decrease of $-0.13 or -0.87% from the prior close of $14.9. The stock opened at $14.84 and touched a low of $14.61 during the day, reaching a high of $14.93. The volume of shares traded was 1.49 million falling short of the average volume of 2.16 million.
VSTS Stock Performance and Moving Averages
In recent trading, Vestis Corp (VSTS) stock price has shown some volatility, fluctuating -5.80% over the last five trades and 4.98% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -20.72%, and it has gained 29.00% in the previous three months. Currently, VSTS is trading at -1.50%, 6.91%, and -8.26% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, VSTS, a Rental & Leasing Services sector stock, is trading -33.97% below its 52-week high but remains 65.58% above its 52-week low. The Average True Range (ATR) (14 days) of 0.51 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Vestis Corp’s Profitability and Valuation Ratios
Vestis Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 6.59% and a profit margin of 4.13%, with a gross margin of -20.72%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Vestis Corp’s market capitalization stands at $1.94 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 16.57, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 18.52. Additionally, the Price-to-Sales Ratio is 0.68, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.15, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.72% of Vestis Corp (VSTS)’s shares, while financial institutions hold 96.97%.
