National Vision Holdings Inc (EYE) Shares Decline Despite Market Challenges

National Vision Holdings Inc (NASDAQ: EYE)’s stock price has decreased by -1.34 compared to its previous closing price of 20.93. However, the company has seen a -5.41% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-21 that The strong execution of strategic initiatives and robust financial stability bode well for National Vision (EYE).

Is It Worth Investing in National Vision Holdings Inc (NASDAQ: EYE) Right Now?

Additionally, the 36-month beta value for EYE is 1.42. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 4 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”

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The public float for EYE is 76.79M and currently, short sellers hold a 11.79% ratio of that float. The average trading volume of EYE on April 04, 2024 was 948.61K shares.

EYE’s Market Performance

EYE’s stock has seen a -5.41% decrease for the week, with a -10.64% drop in the past month and a -2.82% fall in the past quarter. The volatility ratio for the week is 2.61%, and the volatility levels for the past 30 days are at 3.09% for National Vision Holdings Inc The simple moving average for the last 20 days is -8.56% for EYE stock, with a simple moving average of 3.79% for the last 200 days.

Analysts’ Opinion of EYE

Many brokerage firms have already submitted their reports for EYE stocks, with Goldman repeating the rating for EYE by listing it as a “Neutral.” The predicted price for EYE in the upcoming period, according to Goldman is $16 based on the research report published on October 17, 2023 of the previous year 2023.

Wells Fargo, on the other hand, stated in their research note that they expect to see EYE reach a price target of $21, previously predicting the price at $30. The rating they have provided for EYE stocks is “Equal Weight” according to the report published on July 27th, 2023.

Citigroup gave a rating of “Neutral” to EYE, setting the target price at $22 in the report published on July 27th of the previous year.

EYE Trading at -2.93% from the 50-Day Moving Average

After a stumble in the market that brought EYE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.58% of loss for the given period.

Volatility was left at 3.09%, however, over the last 30 days, the volatility rate increased by 2.61%, as shares sank -8.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.61% upper at present.

During the last 5 trading sessions, EYE fell by -5.41%, which changed the moving average for the period of 200-days by -22.43% in comparison to the 20-day moving average, which settled at $22.49. In addition, National Vision Holdings Inc saw -1.34% 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 EYE starting from PEELER D RANDOLPH, who purchase 17,609 shares at the price of $25.73 back on May 23 ’23. After this action, PEELER D RANDOLPH now owns 148,880 shares of National Vision Holdings Inc, valued at $453,080 using the latest closing price.

PEELER D RANDOLPH, the Director of National Vision Holdings Inc, purchase 22,861 shares at $25.59 during a trade that took place back on May 22 ’23, which means that PEELER D RANDOLPH is holding 131,271 shares at $585,013 based on the most recent closing price.

Stock Fundamentals for EYE

Current profitability levels for the company are sitting at:

  • -0.02 for the present operating margin
  • 0.52 for the gross margin

The net margin for National Vision Holdings Inc stands at -0.03. The total capital return value is set at -0.02. Equity return is now at value -7.62, with -2.77 for asset returns.

Based on National Vision Holdings Inc (EYE), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is -3.19.

Currently, EBITDA for the company is 129.99 million with net debt to EBITDA at 3.6. When we switch over and look at the enterprise to sales, we see a ratio of 1.12. The receivables turnover for the company is 24.48for trailing twelve months and the total asset turnover is 0.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.00.

Conclusion

In conclusion, National Vision Holdings Inc (EYE) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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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