Vertiv Holdings Co (NYSE: VRT) Not A Good Play Anymore?

Vertiv Holdings Co (VRT) concluded trading on Wednesday at a closing price of $120.43, with 7.59 million shares of worth about $914.03 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 23.29% during that period and on November 06, 2024 the price saw a gain of about 7.11%. Currently the company’s common shares owned by public are about 381.79M shares, out of which, 365.90M shares are available for trading.

Stock saw a price change of 7.10% in past 5 days and over the past one month there was a price change of 12.74%. Year-to-date (YTD), VRT shares are showing a performance of 150.74% which increased to 202.97% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $38.68 but also hit the highest price of $116.41 during that period. The average intraday trading volume for Vertiv Holdings Co shares is 6.96 million. The stock is currently trading 8.12% above its 20-day simple moving average (SMA20), while that difference is up 21.80% for SMA50 and it goes to 40.93% higher than SMA200.

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Vertiv Holdings Co (NYSE: VRT) currently have 381.79M outstanding shares and institutions hold larger chunk of about 85.56% of that.

The stock has a current market capitalization of $45.20B and its 3Y-monthly beta is at 1.60. PE ratio of stock for trailing 12 months is 80.14, while it has posted earnings per share of $1.50 in the same period. Its PEG reads 2.36 and has Quick Ratio of 1.02 while making debt-to-equity ratio of 1.72. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VRT, volatility over the week remained 3.75% while standing at 3.64% over the month.

Stock’s fiscal year EPS is expected to rise by 49.05% while it is estimated to increase by 31.09% in next year. EPS is likely to shrink at an annualized rate of 33.91% for next 5-years, compared to annual growth of 82.85% made by the stock over the past 5-years.

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 Jefferies on October 07, 2024 offering a Buy rating for the stock and assigned a target price of $125 to it. Coverage by Mizuho stated Vertiv Holdings Co (VRT) stock as an Outperform in their note to investors on August 07, 2024, suggesting a price target of $92 for the stock. On April 05, 2024, Oppenheimer Initiated their recommendations, while on August 02, 2023, BofA Securities Upgrade their ratings for the stock with a price target of $40. Stock get a Buy rating from Vertical Research on June 09, 2023.

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