Envista Holdings Corp (NYSE: NVST)’s stock price has soared by 0.32 in relation to previous closing price of 19.00. Nevertheless, the company has seen a loss of -7.57% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-02 that Envista (NVST) registers a year-over-year decline in both segments in the first quarter of 2024.
Is It Worth Investing in Envista Holdings Corp (NYSE: NVST) Right Now?
The 36-month beta value for NVST is at 1.35. 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.”
The public float for NVST is 171.01M, and currently, shorts hold a 5.48% of that float. The average trading volume for NVST on May 07, 2024 was 2.43M shares.
NVST’s Market Performance
NVST stock saw a decrease of -7.57% in the past week, with a monthly decline of -6.84% and a quarterly a decrease of -19.75%. The volatility ratio for the week is 5.81%, and the volatility levels for the last 30 days are 3.50% for Envista Holdings Corp (NVST). The simple moving average for the last 20 days is -4.44% for NVST’s stock, with a simple moving average of -24.00% for the last 200 days.
Analysts’ Opinion of NVST
Many brokerage firms have already submitted their reports for NVST stocks, with Morgan Stanley repeating the rating for NVST by listing it as a “Equal-Weight.” The predicted price for NVST in the upcoming period, according to Morgan Stanley is $21 based on the research report published on April 26, 2024 of the current year 2024.
Leerink Partners, on the other hand, stated in their research note that they expect to see NVST reach a price target of $19. The rating they have provided for NVST stocks is “Underperform” according to the report published on February 26th, 2024.
Jefferies gave a rating of “Hold” to NVST, setting the target price at $23 in the report published on February 09th of the current year.
NVST Trading at -7.87% from the 50-Day Moving Average
After a stumble in the market that brought NVST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.12% of loss for the given period.
Volatility was left at 3.50%, however, over the last 30 days, the volatility rate increased by 5.81%, as shares sank -6.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.85% lower at present.
During the last 5 trading sessions, NVST fell by -7.57%, which changed the moving average for the period of 200-days by -44.71% in comparison to the 20-day moving average, which settled at $19.88. In addition, Envista Holdings Corp saw -20.78% 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 NVST starting from Conley Eric, who purchase 2,185 shares at the price of $22.89 back on Nov 16 ’23. After this action, Conley Eric now owns 47,376 shares of Envista Holdings Corp, valued at $50,015 using the latest closing price.
Nance Mark E, the General Counsel of Envista Holdings Corp, purchase 5,000 shares at $21.75 during a trade that took place back on Nov 08 ’23, which means that Nance Mark E is holding 39,042 shares at $108,750 based on the most recent closing price.
Stock Fundamentals for NVST
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.56 for the gross margin
The net margin for Envista Holdings Corp stands at -0.05. The total capital return value is set at 0.0. Equity return is now at value -2.86, with -1.83 for asset returns.
Based on Envista Holdings Corp (NVST), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 0.24.
Currently, EBITDA for the company is 429.4 million with net debt to EBITDA at 4.64. When we switch over and look at the enterprise to sales, we see a ratio of 1.55. The receivables turnover for the company is 6.21for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.27.
Conclusion
In conclusion, Envista Holdings Corp (NVST) 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.
