The stock price of National Vision Holdings Inc (NASDAQ: EYE) has surged by 1.45 when compared to previous closing price of 12.44, but the company has seen a 11.33% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-19 that I downgrade National Vision Holdings to a hold rating due to lack of near-term stock price appreciation and the need for tangible growth evidence. 3Q24 earnings showed modest growth, with net revenue up 2.9% y/y, driven by higher tickets and slight same-store sales growth. Strategic initiatives like new product launches and store fleet optimization are positive but require time to show significant impact on growth and productivity.
Is It Worth Investing in National Vision Holdings Inc (NASDAQ: EYE) Right Now?
The stock has a 36-month beta value of 1.42. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 4 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for EYE is 76.95M, and at present, short sellers hold a 5.88% of that float. On November 27, 2024, the average trading volume of EYE was 1.59M shares.
EYE’s Market Performance
EYE stock saw an increase of 11.33% in the past week, with a monthly gain of 25.87% and a quarterly increase of 20.12%. The volatility ratio for the week is 4.38%, and the volatility levels for the last 30 days are 5.17% for National Vision Holdings Inc (EYE). The simple moving average for the last 20 days is 9.30% for EYE stock, with a simple moving average of -13.51% for the last 200 days.
Analysts’ Opinion of EYE
Many brokerage firms have already submitted their reports for EYE stocks, with Goldman repeating the rating for EYE by listing it as a “Neutral.” The predicted price for EYE in the upcoming period, according to Goldman is $16 based on the research report published on October 17, 2023 of the previous year 2023.
Wells Fargo, on the other hand, stated in their research note that they expect to see EYE reach a price target of $21, previously predicting the price at $30. The rating they have provided for EYE stocks is “Equal Weight” according to the report published on July 27th, 2023.
Citigroup gave a rating of “Neutral” to EYE, setting the target price at $22 in the report published on July 27th of the previous year.
EYE Trading at 17.12% from the 50-Day Moving Average
After a stumble in the market that brought EYE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -47.64% of loss for the given period.
Volatility was left at 5.17%, however, over the last 30 days, the volatility rate increased by 4.38%, as shares surge +23.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.83% upper at present.
During the last 5 trading sessions, EYE rose by +11.29%, which changed the moving average for the period of 200-days by -34.58% in comparison to the 20-day moving average, which settled at $11.55. In addition, National Vision Holdings Inc saw -39.68% 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 EYE starting from Moore Patrick R., who sale 17,661 shares at the price of $10.52 back on Aug 23 ’24. After this action, Moore Patrick R. now owns 66,881 shares of National Vision Holdings Inc, valued at $185,794 using the latest closing price.
Moore Patrick R., the Officer of National Vision Holdings Inc, proposed sale 17,661 shares at $10.52 during a trade that took place back on Aug 23 ’24, which means that Moore Patrick R. is holding shares at $185,798 based on the most recent closing price.
Stock Fundamentals for EYE
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.5 for the gross margin
The net margin for National Vision Holdings Inc stands at -0.01. The total capital return value is set at 0.0. Equity return is now at value -1.57, with -0.62 for asset returns.
Based on National Vision Holdings Inc (EYE), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is 0.41.
Currently, EBITDA for the company is 53.12 million with net debt to EBITDA at 7.71. When we switch over and look at the enterprise to sales, we see a ratio of 0.89. The receivables turnover for the company is 41.72for trailing twelve months and the total asset turnover is 0.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.57.
Conclusion
To sum up, National Vision Holdings Inc (EYE) 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.
