Vestis Corp (VSTS) Stock: Evaluating the Annual Growth

In the past week, VSTS stock has gone up by 2.25%, with a monthly decline of -0.43% and a quarterly plunge of -11.87%. The volatility ratio for the week is 2.98%, and the volatility levels for the last 30 days are 2.64% for Vestis Corp The simple moving average for the last 20 days is 0.93% for VSTS’s stock, with a simple moving average of 0.78% for the last 200 days.

Is It Worth Investing in Vestis Corp (NYSE: VSTS) Right Now?

Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for VSTS is 130.76M, and currently, shorts hold a 3.02% of that float. The average trading volume for VSTS on April 03, 2024 was 1.67M shares.

VSTS) stock’s latest price update

The stock of Vestis Corp (NYSE: VSTS) has decreased by -2.56 when compared to last closing price of 19.12.Despite this, the company has seen a gain of 2.25% in its stock price over the last five trading days. Seeking Alpha reported 2024-01-17 that I recommended a buy due to its attractive business model and presence in a large and growing industry. Cross-selling efforts and scaling up are key drivers for VSTS’s medium-term growth. As VSTS grows larger, its margins and valuation are expected to improve.

Analysts’ Opinion of VSTS

Many brokerage firms have already submitted their reports for VSTS stocks, with Barclays repeating the rating for VSTS by listing it as a “Underweight.” The predicted price for VSTS in the upcoming period, according to Barclays is $19 based on the research report published on February 28, 2024 of the current year 2024.

Goldman, on the other hand, stated in their research note that they expect to see VSTS reach a price target of $22. The rating they have provided for VSTS stocks is “Neutral” according to the report published on January 25th, 2024.

Wolfe Research gave a rating of “Outperform” to VSTS, setting the target price at $24 in the report published on January 11th of the current year.

VSTS Trading at -4.84% from the 50-Day Moving Average

After a stumble in the market that brought VSTS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.72% of loss for the given period.

Volatility was left at 2.64%, however, over the last 30 days, the volatility rate increased by 2.98%, as shares sank -0.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.13% lower at present.

During the last 5 trading sessions, VSTS rose by +2.25%, in comparison to the 20-day moving average, which settled at $18.45. In addition, Vestis Corp saw -11.87% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at VSTS starting from Scott Kim, who purchase 15,000 shares at the price of $19.14 back on Feb 09 ’24. After this action, Scott Kim now owns 183,131 shares of Vestis Corp, valued at $287,175 using the latest closing price.

Pertz Douglas A, the Director of Vestis Corp, purchase 5,120 shares at $19.60 during a trade that took place back on Dec 15 ’23, which means that Pertz Douglas A is holding 23,697 shares at $100,352 based on the most recent closing price.

Stock Fundamentals for VSTS

Current profitability levels for the company are sitting at:

  • 0.08 for the present operating margin
  • 0.29 for the gross margin

The net margin for Vestis Corp stands at 0.07. The total capital return value is set at 0.08.

Based on Vestis Corp (VSTS), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 1.86. The interest coverage ratio of the stock is -8.91.

Currently, EBITDA for the company is 354.41 million with net debt to EBITDA at 3.96. When we switch over and look at the enterprise to sales, we see a ratio of 1.44. The receivables turnover for the company is 7.05for trailing twelve months and the total asset turnover is 0.9. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.61.

Conclusion

In conclusion, Vestis Corp (VSTS) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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