The stock of NCR Voyix Corp (NYSE: VYX) has increased by 2.77 when compared to last closing price of 13.34.Despite this, the company has seen a gain of 5.87% in its stock price over the last five trading days. businesswire.com reported 2024-09-30 that NEW YORK & ATLANTA–(BUSINESS WIRE)–Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, announced today that it has completed the acquisition of the Digital Banking business of NCR Voyix Corporation (NYSE: VYX) (“NCR Voyix”), a leading global provider of cloud-based, digital commerce solutions. In conjunction with the close of the transaction, the Digital Banking business has been rebranded as Candescent and is now a privately held company. Candesc.
Is It Worth Investing in NCR Voyix Corp (NYSE: VYX) Right Now?
The stock has a 36-month beta value of 1.64. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 4 as “overweight,” 1 as “hold,” and 1 as “sell.”
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The public float for VYX is 140.24M, and at present, short sellers hold a 10.05% of that float. On October 03, 2024, the average trading volume of VYX was 1.83M shares.
VYX’s Market Performance
VYX stock saw an increase of 5.87% in the past week, with a monthly gain of 4.66% and a quarterly increase of 7.70%. The volatility ratio for the week is 3.42%, and the volatility levels for the last 30 days are 3.58% for NCR Voyix Corp (VYX). The simple moving average for the past 20 days is 4.55% for VYX’s stock, with a 0.76% simple moving average for the past 200 days.
Analysts’ Opinion of VYX
Many brokerage firms have already submitted their reports for VYX stocks, with Stifel repeating the rating for VYX by listing it as a “Buy.” The predicted price for VYX in the upcoming period, according to Stifel is $16 based on the research report published on June 12, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see VYX reach a price target of $14. The rating they have provided for VYX stocks is “Neutral” according to the report published on March 18th, 2024.
Northcoast gave a rating of “Buy” to VYX, setting the target price at $17 in the report published on March 12th of the current year.
VYX Trading at 4.18% from the 50-Day Moving Average
After a stumble in the market that brought VYX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.00% of loss for the given period.
Volatility was left at 3.58%, however, over the last 30 days, the volatility rate increased by 3.42%, as shares surge +7.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.29% lower at present.
During the last 5 trading sessions, VYX rose by +5.87%, which changed the moving average for the period of 200-days by -13.39% in comparison to the 20-day moving average, which settled at $13.16. In addition, NCR Voyix Corp saw -18.92% 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 VYX starting from Tadele Beimnet, who purchase 3,648 shares at the price of $13.71 back on Aug 29 ’24. After this action, Tadele Beimnet now owns 3,648 shares of NCR Voyix Corp, valued at $50,014 using the latest closing price.
KELLY JAMES G, the Executive Chair of Board of NCR Voyix Corp, purchase 14,800 shares at $13.41 during a trade that took place back on Aug 27 ’24, which means that KELLY JAMES G is holding 46,900 shares at $198,468 based on the most recent closing price.
Stock Fundamentals for VYX
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.29 for the gross margin
The net margin for NCR Voyix Corp stands at -0.12. The total capital return value is set at 0.1. Equity return is now at value -48.69, with -6.13 for asset returns.
Based on NCR Voyix Corp (VYX), the company’s capital structure generated 0.93 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 13.66. The interest coverage ratio of the stock is 1.75.
Currently, EBITDA for the company is 762.0 million with net debt to EBITDA at 3.52. When we switch over and look at the enterprise to sales, we see a ratio of 0.98. The receivables turnover for the company is 11.0for trailing twelve months and the total asset turnover is 0.99. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
Conclusion
To sum up, NCR Voyix Corp (VYX) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
