Varonis Systems Inc (NASDAQ: VRNS)’s stock price has soared by 2.40 in relation to previous closing price of 42.93. Nevertheless, the company has seen a loss of -5.73% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-16 that The Zacks Security industry participants, QLYS and VRNS, benefit from the current hybrid working trend and the digital transformation wave despite growing global recessionary concerns amid ongoing macroeconomic headwinds.
Is It Worth Investing in Varonis Systems Inc (NASDAQ: VRNS) Right Now?
VRNS has 36-month beta value of 0.84. Analysts have mixed views 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 float. The average trading volume of VRNS on April 17, 2024 was 1.25M shares.
VRNS’s Market Performance
VRNS’s stock has seen a -5.73% decrease for the week, with a -10.12% drop in the past month and a -4.29% fall in the past quarter. The volatility ratio for the week is 3.62%, and the volatility levels for the past 30 days are at 2.84% for Varonis Systems Inc. The simple moving average for the past 20 days is -6.39% for VRNS’s stock, with a 14.26% simple moving average for the past 200 days.
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 -9.20% 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 -16.87% of loss for the given period.
Volatility was left at 2.84%, however, over the last 30 days, the volatility rate increased by 3.62%, as shares sank -10.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.19% lower at present.
During the last 5 trading sessions, VRNS fell by -5.73%, which changed the moving average for the period of 200-days by +65.70% in comparison to the 20-day moving average, which settled at $46.70. In addition, Varonis Systems Inc saw -2.92% 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 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 9.77. 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
To put it simply, Varonis Systems Inc (VRNS) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
