Vestis Corp (NYSE: VSTS) has a price-to-earnings ratio of 102.83x that is above its average ratio. Additionally, the 36-month beta value for VSTS is 1.61. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for VSTS is 130.59M and currently, short sellers hold a 3.56% ratio of that float. The average trading volume of VSTS on December 05, 2024 was 2.12M shares.
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VSTS) stock’s latest price update
The stock price of Vestis Corp (NYSE: VSTS) has dropped by -0.18 compared to previous close of 16.39. Despite this, the company has seen a gain of 0.18% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-25 that I maintain a hold rating for Vestis Corp (VSTS) due to the need for more evidence of successful strategy implementation and operating metrics improvement. 4Q24 earnings were disappointing, with a 4.4% y/y revenue decline, high decremental margins, and a sharp drop in adj EPS from $0.57 to $0.11. Positive signs include improved customer retention, new sales volume growth, and strategic initiatives to enhance customer service and capture high-margin incremental volume.
VSTS’s Market Performance
Vestis Corp (VSTS) has seen a 0.18% rise in stock performance for the week, with a 23.47% gain in the past month and a 7.00% surge in the past quarter. The volatility ratio for the week is 2.59%, and the volatility levels for the past 30 days are at 3.75% for VSTS. The simple moving average for the past 20 days is 9.56% for VSTS’s stock, with a 10.93% 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 11.13% 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 -26.87% of loss for the given period.
Volatility was left at 3.75%, however, over the last 30 days, the volatility rate increased by 2.59%, as shares surge +21.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.34% upper at present.
During the last 5 trading sessions, VSTS rose by +0.18%, which changed the moving average for the period of 200-days by -15.36% in comparison to the 20-day moving average, which settled at $14.93. In addition, Vestis Corp saw -22.61% 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:
- 0.06 for the present operating margin
- 0.44 for the gross margin
The net margin for Vestis Corp stands at 0.01. The total capital return value is set at 0.06. Equity return is now at value 2.36, with 0.67 for asset returns.
Based on Vestis Corp (VSTS), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 2.03. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is 1.25.
Currently, EBITDA for the company is 299.37 million with net debt to EBITDA at 0.67. When we switch over and look at the enterprise to sales, we see a ratio of 0.84. The receivables turnover for the company is 15.83for trailing twelve months and the total asset turnover is 0.96. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.73.
Conclusion
In conclusion, Vestis Corp (VSTS) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
