The stock of Varonis Systems Inc (VRNS) has seen a -2.18% decrease in the past week, with a -7.75% drop in the past month, and a 0.71% flourish in the past quarter. The volatility ratio for the week is 2.52%, and the volatility levels for the past 30 days are at 2.60% for VRNS. The simple moving average for the last 20 days is -4.18% for VRNS’s stock, with a simple moving average of 19.70% for the last 200 days.
Is It Worth Investing in Varonis Systems Inc (NASDAQ: VRNS) Right Now?
Company’s 36-month beta value is 0.83.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for VRNS is 104.50M, and currently, short sellers hold a 6.59% ratio of that floaft. The average trading volume of VRNS on April 12, 2024 was 1.26M shares.
VRNS) stock’s latest price update
Varonis Systems Inc (NASDAQ: VRNS)’s stock price has gone rise by 0.31 in comparison to its previous close of 45.57, however, the company has experienced a -2.18% decrease in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-10 that NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, announced that it will report its first quarter 2024 financial results following the close of the U.S. financial markets Monday, May 6, 2024.
Analysts’ Opinion of VRNS
Many brokerage firms have already submitted their reports for VRNS stocks, with Wedbush repeating the rating for VRNS by listing it as a “Outperform.” The predicted price for VRNS in the upcoming period, according to Wedbush is $65 based on the research report published on February 06, 2024 of the current year 2024.
DA Davidson, on the other hand, stated in their research note that they expect to see VRNS reach a price target of $45, previously predicting the price at $37. The rating they have provided for VRNS stocks is “Neutral” according to the report published on January 18th, 2024.
Susquehanna gave a rating of “Positive” to VRNS, setting the target price at $55 in the report published on December 15th of the previous year.
VRNS Trading at -5.74% from the 50-Day Moving Average
After a stumble in the market that brought VRNS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.56% of loss for the given period.
Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 2.52%, as shares sank -8.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.55% lower at present.
During the last 5 trading sessions, VRNS fell by -2.18%, which changed the moving average for the period of 200-days by +84.99% in comparison to the 20-day moving average, which settled at $47.49. In addition, Varonis Systems Inc saw 0.95% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VRNS starting from Iohan Gili, who sale 19,500 shares at the price of $50.54 back on Feb 29 ’24. After this action, Iohan Gili now owns 19,263 shares of Varonis Systems Inc, valued at $985,530 using the latest closing price.
Kess Avrohom J., the Director of Varonis Systems Inc, purchase 230 shares at $51.75 during a trade that took place back on Feb 12 ’24, which means that Kess Avrohom J. is holding 23,262 shares at $11,902 based on the most recent closing price.
Stock Fundamentals for VRNS
Current profitability levels for the company are sitting at:
- -0.23 for the present operating margin
- 0.86 for the gross margin
The net margin for Varonis Systems Inc stands at -0.19. The total capital return value is set at -0.15. Equity return is now at value -20.35, with -9.40 for asset returns.
Based on Varonis Systems Inc (VRNS), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 15.08.
Currently, EBITDA for the company is -117.22 million with net debt to EBITDA at -0.75. When we switch over and look at the enterprise to sales, we see a ratio of 10.15. The receivables turnover for the company is 2.71for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.43.
Conclusion
In a nutshell, Varonis Systems Inc (VRNS) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
