No matter how cynical the overall market is Varex Imaging Corp (VREX) performance over the last week is recorded -8.03%

A new trading day began on Friday, with Varex Imaging Corp (NASDAQ: VREX) stock price up 17.65% from the previous day of trading, before settling in for the closing price of $28.25. VREX’s price has ranged from $16.97 to $23.90 over the past 52 weeks.

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A company in the Healthcare sector has jumped its sales by 3.06% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -30.71%. With a float of $39.23 million, this company’s outstanding shares have now reached $40.53 million.

Varex Imaging Corp (VREX) Insider Updates

As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Devices Industry. The insider ownership of Varex Imaging Corp is 3.39%, while institutional ownership is 112.84%. The most recent insider transaction that took place on Nov 22, was worth 121,751. In this transaction SVP and General Counsel of this company sold 6,174 shares at a rate of $19.72, taking the stock ownership to the 0 shares. Before that another transaction happened on May 08, when Company’s Director sold 9,120 for $21.90, making the entire transaction worth $199,728. This insider now owns 11,598 shares in total.

Varex Imaging Corp (VREX) Performance Highlights and Predictions

In its latest quarterly report, released on 12/30/2023, the company reported earnings of $0.06 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.32 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -30.71% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.00% during the next five years compared to 6.00% growth over the previous five years of trading.

Varex Imaging Corp (NASDAQ: VREX) Trading Performance Indicators

Here are Varex Imaging Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.37. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.82. Likewise, its price to free cash flow for the trailing twelve months is 7.40.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.90, a number that is poised to hit 0.19 in the next quarter and is forecasted to reach 1.20 in one year’s time.

Technical Analysis of Varex Imaging Corp (VREX)

Let’s dig in a bit further. During the last 5-days, its volume was 0.72 million. That was better than the volume of 0.31 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 16.81%. Additionally, its Average True Range was 0.69.

During the past 100 days, Varex Imaging Corp’s (VREX) raw stochastic average was set at 17.47%, which indicates a significant decrease from 23.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.64% in the past 14 days, which was higher than the 29.61% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $19.76, while its 200-day Moving Average is $20.36. However, in the short run, Varex Imaging Corp’s stock first resistance to watch stands at $17.94. Second resistance stands at $18.24. The third major resistance level sits at $18.80. If the price goes on to break the first support level at $17.09, it is likely to go to the next support level at $16.54. Assuming the price breaks the second support level, the third support level stands at $16.24.

Varex Imaging Corp (NASDAQ: VREX) Key Stats

With a market capitalization of 716.59 million, the company has a total of 40,600K Shares Outstanding. Currently, annual sales are 893,400 K while annual income is 48,200 K. The company’s previous quarter sales were 227,400 K while its latest quarter income was 31,900 K.