The stock of Varex Imaging Corp (VREX) has seen a 12.82% increase in the past week, with a 25.24% gain in the past month, and a 35.86% flourish in the past quarter. The volatility ratio for the week is 3.61%, and the volatility levels for the past 30 days are at 3.31% for VREX. The simple moving average for the last 20 days is 13.70% for VREX’s stock, with a simple moving average of 7.40% for the last 200 days.
Is It Worth Investing in Varex Imaging Corp (NASDAQ: VREX) Right Now?
Company’s 36-month beta value is 0.55.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 1 as “sell.”
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The public float for VREX is 40.39M, and currently, short sellers hold a 3.86% ratio of that floaft. The average trading volume of VREX on November 20, 2024 was 687.04K shares.
VREX) stock’s latest price update
Varex Imaging Corp (NASDAQ: VREX)’s stock price has gone rise by 7.86 in comparison to its previous close of 14.56, however, the company has experienced a 12.82% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-11-19 that Varex Imaging Corporation (NASDAQ:VREX ) Q4 2024 Earnings Conference Call November 19, 2024 5:00 PM ET Company Participants Christopher Belfiore – Director of Investor Relations Sunny Sanyal – President and Chief Executive Officer Shubham Maheshwari – Chief Financial Officer Conference Call Participants Suraj Kalia – Oppenheimer & Co Kyle Bauser – B. Riley Securities Jim Sidoti – Sidoti & Company Larry Solow – CJS Securities Operator Greetings, and welcome to the Varex Fourth Quarter Fiscal Year 2024 Earnings Call.
Analysts’ Opinion of VREX
Many brokerage firms have already submitted their reports for VREX stocks, with B. Riley Securities repeating the rating for VREX by listing it as a “Buy.” The predicted price for VREX in the upcoming period, according to B. Riley Securities is $21 based on the research report published on August 23, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see VREX reach a price target of $24. The rating they have provided for VREX stocks is “Hold” according to the report published on October 12th, 2022.
Oppenheimer gave a rating of “Outperform” to VREX, setting the target price at $41 in the report published on February 05th of the previous year.
VREX Trading at 25.60% from the 50-Day Moving Average
After a stumble in the market that brought VREX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.95% of loss for the given period.
Volatility was left at 3.31%, however, over the last 30 days, the volatility rate increased by 3.61%, as shares surge +22.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +37.06% upper at present.
During the last 5 trading sessions, VREX rose by +12.64%, which changed the moving average for the period of 200-days by -19.34% in comparison to the 20-day moving average, which settled at $13.81. In addition, Varex Imaging Corp saw -23.39% 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 VREX starting from Honeysett Kimberley E., who sale 2,578 shares at the price of $12.53 back on Aug 20 ’24. After this action, Honeysett Kimberley E. now owns 275 shares of Varex Imaging Corp, valued at $32,302 using the latest closing price.
Honeysett Kimberley E., the Officer of Varex Imaging Corp, proposed sale 2,578 shares at $12.53 during a trade that took place back on Aug 20 ’24, which means that Honeysett Kimberley E. is holding shares at $32,302 based on the most recent closing price.
Stock Fundamentals for VREX
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.32 for the gross margin
The net margin for Varex Imaging Corp stands at -0.06. The total capital return value is set at 0.03. Equity return is now at value -8.65, with -3.87 for asset returns.
Based on Varex Imaging Corp (VREX), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.88. The interest coverage ratio of the stock is 2.41.
Currently, EBITDA for the company is 32.1 million with net debt to EBITDA at 5.33. When we switch over and look at the enterprise to sales, we see a ratio of 1.15. The receivables turnover for the company is 5.14for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.32.
Conclusion
In a nutshell, Varex Imaging Corp (VREX) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
