Vestis Corp (NYSE: VSTS)’s stock price has decreased by -1.46 compared to its previous closing price of 14.35. However, the company has seen a 0.64% increase in its stock price over the last five trading sessions. businesswire.com reported 2024-11-06 that ATLANTA–(BUSINESS WIRE)–Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal fourth quarter and full-year 2024 earnings results on November 21, 2024, prior to the market opening. Management will host a webcast to discuss the fiscal 2024 earnings results and fiscal 2025 outlook at 8:30 AM ET. The webcast can be accessed live through the investor relations section of our web site at www.vestis.com. Additionally, a slide present.
Is It Worth Investing in Vestis Corp (NYSE: VSTS) Right Now?
Vestis Corp (NYSE: VSTS) has a price-to-earnings ratio that is above its average at 15.86x. The stock has a 36-month beta value of 1.42. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 1 as “sell.”
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The public float for VSTS is 130.54M, and at present, short sellers hold a 3.22% of that float. On November 15, 2024, the average trading volume of VSTS was 1.93M shares.
VSTS’s Market Performance
The stock of Vestis Corp (VSTS) has seen a 0.64% increase in the past week, with a -6.42% drop in the past month, and a 8.02% gain in the past quarter. The volatility ratio for the week is 2.42%, and the volatility levels for the past 30 days are at 2.69% for VSTS. The simple moving average for the past 20 days is 0.06% for VSTS’s stock, with a -6.11% simple moving average for the past 200 days.
Analysts’ Opinion of VSTS
Many brokerage firms have already submitted their reports for VSTS stocks, with Robert W. Baird repeating the rating for VSTS by listing it as a “Neutral.” The predicted price for VSTS in the upcoming period, according to Robert W. Baird is $13 based on the research report published on August 08, 2024 of the current year 2024.
Redburn Atlantic gave a rating of “Neutral” to VSTS, setting the target price at $13.40 in the report published on May 07th of the current year.
VSTS Trading at -3.52% 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 -36.79% of loss for the given period.
Volatility was left at 2.69%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares sank -7.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.52% lower at present.
During the last 5 trading sessions, VSTS rose by +0.64%, which changed the moving average for the period of 200-days by -33.93% in comparison to the 20-day moving average, which settled at $14.13. In addition, Vestis Corp saw -33.11% 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 54,468 shares at the price of $11.99 back on May 24 ’24. After this action, Pertz Douglas A now owns 195,604 shares of Vestis Corp, valued at $653,055 using the latest closing price.
Pertz Douglas A, the Director of Vestis Corp, purchase 22,442 shares at $11.62 during a trade that took place back on May 28 ’24, which means that Pertz Douglas A is holding 218,046 shares at $260,706 based on the most recent closing price.
Stock Fundamentals for VSTS
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.27 for the gross margin
The net margin for Vestis Corp stands at 0.06. The total capital return value is set at 0.07.
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 0.2. The debt to equity ratio resting at 1.61. The interest coverage ratio of the stock is 1.99.
Currently, EBITDA for the company is 362.01 million with net debt to EBITDA at 4.94. When we switch over and look at the enterprise to sales, we see a ratio of 1.22. The receivables turnover for the company is 6.92for trailing twelve months and the total asset turnover is 0.9. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.37.
Conclusion
To sum up, Vestis Corp (VSTS) 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.
