Vestis Corp (VSTS) concluded trading on Wednesday at a closing price of $19.42, with 7.42 million shares of worth about $144.16 million changed hands on the day. on Wednesday February 7 the price saw a loss of about -12.91%. Currently the company’s common shares owned by public are about 131.43M shares, out of which, 130.12M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 33 times over the past 12 months. They bought 320,820 shares in 32 of the transactions. In 1 selling transactions, insiders dumped 12,093 shares.
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Stock saw a price change of -9.25% in past 5 days and over the past one month there was a price change of -6.63%. Over the period of past 52 weeks, stock dropped to lowest price of $13.83 but also hit the highest price of $22.37 during that period. The average intraday trading volume for Vestis Corp shares is 1.88 million. The stock is currently trading -8.92% below its 20-day simple moving average (SMA20), while that difference is down -3.77% for SMA50 and it goes to 5.91% higher than SMA200.
Vestis Corp (NYSE: VSTS) currently have 131.43M outstanding shares and institutions hold larger chunk of about 32.56% of that.
The stock has a current market capitalization of $2.54B. It has Quick Ratio of 1.21 while making debt-to-equity ratio of 1.86. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VSTS, volatility over the week remained 4.57% while standing at 3.05% over the month.
Analysts are in expectations that Vestis Corp (VSTS) stock would likely to be making an EPS of $0.32 in the current quarter, while forecast for next quarter EPS is $0.22 and it is $1.07 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.21 which is $0.53 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$ in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -34.81% while it is estimated to increase by 26.92% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on January 25, 2024 offering a Neutral rating for the stock and assigned a target price of $22 to it.
