The stock of Vestis Corp (VSTS) has seen a -50.21% decrease in the past week, with a -50.00% drop in the past month, and a -57.63% decrease in the past quarter. The volatility ratio for the week is 13.55%, and the volatility levels for the past 30 days are at 4.89% for VSTS. The simple moving average for the last 20 days is -48.99% for VSTS stock, with a simple moving average of -49.10% for the last 200 days.
Is It Worth Investing in Vestis Corp (NYSE: VSTS) Right Now?
There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for VSTS is 130.75M, and at present, short sellers hold a 3.11% of that float. The average trading volume of VSTS on May 06, 2024 was 2.12M shares.
VSTS) stock’s latest price update
The stock price of Vestis Corp (NYSE: VSTS) has plunged by -7.38 when compared to previous closing price of 10.16, but the company has seen a -50.21% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-04 that Vestis Corporation (NYSE:VSTS ) Q2 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Bryan Johnson – Chief Accounting Officer Kimberly Scott – President and CEO Ricky Dillon – Executive Vice President and CFO Conference Call Participants Shlomo Rosenbaum – Stifel Andrew Steinerman – JPMorgan Andrew Wittmann – Baird Stephanie Moore – Jefferies Oliver Davies – Redburn Atlantic Manav Patnaik – Barclays Keen Fai Tong – Goldman Sachs Michael O’Brien – Wolfe Research Scott Schneeberger – Oppenheimer Operator Hello, and welcome to the Vestis Corporation Fiscal Second Quarter 2024 Earnings Conference Call. At this time, all participants have been placed in a listen-only mode and the floor will be opened for your questions following the presentation.
Analysts’ Opinion of VSTS
JP Morgan, on the other hand, stated in their research note that they expect to see VSTS reach a price target of $11, previously predicting the price at $22. The rating they have provided for VSTS stocks is “Neutral” according to the report published on May 03rd, 2024.
Barclays gave a rating of “Underweight” to VSTS, setting the target price at $19 in the report published on February 28th of the current year.
VSTS Trading at -49.42% 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 -57.93% of loss for the given period.
Volatility was left at 4.89%, however, over the last 30 days, the volatility rate increased by 13.55%, as shares sank -50.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -51.87% lower at present.
During the last 5 trading sessions, VSTS fell by -50.21%, in comparison to the 20-day moving average, which settled at $17.96. In addition, Vestis Corp saw -55.49% 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
- 0.28 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 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 1.63. The interest coverage ratio of the stock is 21.88.
Currently, EBITDA for the company is 354.41 million with net debt to EBITDA at 3.89. When we switch over and look at the enterprise to sales, we see a ratio of 0.99. The receivables turnover for the company is 7.02for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.51.
Conclusion
In summary, Vestis Corp (VSTS) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
