The stock price of Vestis Corp (NYSE: VSTS) has plunged by -0.16 when compared to previous closing price of 12.58, but the company has seen a -2.64% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-07-17 that NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Vestis Corporation (NYSE: VSTS) on behalf of long-term stockholders following a class action complaint that was filed against Vestis on May 17, 2024 with a Class Period from October 2, 2023 to May 1, 2024. Our investigation concerns whether the board of directors of Vestis have breached their fiduciary duties to the company.
Is It Worth Investing in Vestis Corp (NYSE: VSTS) Right Now?
Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for VSTS is 130.50M, and currently, short sellers hold a 3.57% ratio of that float. The average trading volume of VSTS on July 24, 2024 was 3.08M shares.
VSTS’s Market Performance
VSTS’s stock has seen a -2.64% decrease for the week, with a 4.23% rise in the past month and a -33.12% fall in the past quarter. The volatility ratio for the week is 4.94%, and the volatility levels for the past 30 days are at 4.96% for Vestis Corp The simple moving average for the last 20 days is 4.05% for VSTS stock, with a simple moving average of -24.94% for the last 200 days.
Analysts’ Opinion of VSTS
Redburn Atlantic, on the other hand, stated in their research note that they expect to see VSTS reach a price target of $13.40. The rating they have provided for VSTS stocks is “Neutral” according to the report published on May 07th, 2024.
VSTS Trading at 3.58% 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 -43.85% of loss for the given period.
Volatility was left at 4.96%, however, over the last 30 days, the volatility rate increased by 4.94%, as shares surge +3.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.46% upper at present.
During the last 5 trading sessions, VSTS fell by -2.64%, which changed the moving average for the period of 200-days by -22.66% in comparison to the 20-day moving average, which settled at $12.09. In addition, Vestis Corp saw -40.59% 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 Pertz Douglas A, who purchase 22,442 shares at the price of $11.62 back on May 28 ’24. After this action, Pertz Douglas A now owns 218,046 shares of Vestis Corp, valued at $260,706 using the latest closing price.
Corvex Management LP, the 10% Owner of Vestis Corp, purchase 100,000 shares at $12.02 during a trade that took place back on May 24 ’24, which means that Corvex Management LP is holding 17,007,877 shares at $1,202,000 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 1.14. 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
To put it simply, Vestis Corp (VSTS) has had a bad performance in recent times. Analysts have a mixed 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.
