Envista Holdings Corp (NYSE: NVST)’s stock price has dropped by -0.88 in relation to previous closing price of 20.52. Nevertheless, the company has seen a loss of -7.08% in its stock price over the last five trading days. zacks.com reported 2024-11-04 that Evaluate Envista’s (NVST) reliance on international revenue to better understand the company’s financial stability, growth prospects and potential stock price performance.
Is It Worth Investing in Envista Holdings Corp (NYSE: NVST) Right Now?
The 36-month beta value for NVST is also noteworthy at 1.30. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 rating it as “hold,” and 1 rating it as “sell.”
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The public float for NVST is 170.67M, and at present, short sellers hold a 7.19% of that float. The average trading volume of NVST on November 14, 2024 was 2.35M shares.
NVST’s Market Performance
NVST’s stock has seen a -7.08% decrease for the week, with a 14.92% rise in the past month and a 12.81% gain in the past quarter. The volatility ratio for the week is 3.31%, and the volatility levels for the past 30 days are at 3.44% for Envista Holdings Corp The simple moving average for the last 20 days is 2.16% for NVST’s stock, with a simple moving average of 6.37% for the last 200 days.
Analysts’ Opinion of NVST
Many brokerage firms have already submitted their reports for NVST stocks, with Leerink Partners repeating the rating for NVST by listing it as a “Market Perform.” The predicted price for NVST in the upcoming period, according to Leerink Partners is $23 based on the research report published on October 31, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see NVST reach a price target of $20. The rating they have provided for NVST stocks is “Equal Weight” according to the report published on October 08th, 2024.
JP Morgan gave a rating of “Neutral” to NVST, setting the target price at $16 in the report published on August 08th of the current year.
NVST Trading at 6.56% 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 -20.67% of loss for the given period.
Volatility was left at 3.44%, however, over the last 30 days, the volatility rate increased by 3.31%, as shares surge +11.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.12% upper at present.
During the last 5 trading sessions, NVST fell by -7.08%, which changed the moving average for the period of 200-days by -15.25% in comparison to the 20-day moving average, which settled at $19.91. In addition, Envista Holdings Corp saw -15.46% 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 Keel Paul A, who purchase 30,000 shares at the price of $16.87 back on Aug 13 ’24. After this action, Keel Paul A now owns 402,605 shares of Envista Holdings Corp, valued at $506,100 using the latest closing price.
Hammes Eric D., the Chief Financial Officer of Envista Holdings Corp, purchase 24,532 shares at $16.33 during a trade that took place back on Aug 12 ’24, which means that Hammes Eric D. is holding 24,532 shares at $400,608 based on the most recent closing price.
Stock Fundamentals for NVST
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.54 for the gross margin
The net margin for Envista Holdings Corp stands at -0.53. The total capital return value is set at -0.03. Equity return is now at value -36.31, with -21.93 for asset returns.
Based on Envista Holdings Corp (NVST), the company’s capital structure generated 0.32 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 0.46. The interest coverage ratio of the stock is -2.39.
Currently, EBITDA for the company is 171.1 million with net debt to EBITDA at -0.37. When we switch over and look at the enterprise to sales, we see a ratio of 1.57. The receivables turnover for the company is 6.38for 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 2.08.
Conclusion
In summary, Envista Holdings Corp (NVST) has had a mixed 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.
