On Tuesday, Varex Imaging Corp (NASDAQ: VREX) was 3.23% up from the session before settling in for the closing price of $14.25. A 52-week range for VREX has been $10.19 – $21.06.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Healthcare sector has jumped its sales by 1.20% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 7.27%. With a float of $40.68 million, this company’s outstanding shares have now reached $41.09 million.
In an organization with 2300 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 31.68%, operating margin of 3.96%, and the pretax margin is 0.62%.
Varex Imaging Corp (VREX) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Varex Imaging Corp stocks. The insider ownership of Varex Imaging Corp is 1.34%, while institutional ownership is 95.15%. The most recent insider transaction that took place on Aug 20 ’24, was worth 32,302. In this transaction SVP and CLO of this company sold 2,578 shares at a rate of $12.53, taking the stock ownership to the 275 shares. Before that another transaction happened on Aug 20 ’24, when Company’s Officer proposed sale 2,578 for $12.53, making the entire transaction worth $32,302.
Varex Imaging Corp (VREX) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 7.27% per share during the next fiscal year.
Varex Imaging Corp (NASDAQ: VREX) Trading Performance Indicators
You can see what Varex Imaging Corp (VREX) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.97. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.75. Likewise, its price to free cash flow for the trailing twelve months is 33.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.17, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 0.93 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 0.71 million. That was better than the volume of 0.51 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 20.12%. Additionally, its Average True Range was 0.57.
During the past 100 days, Varex Imaging Corp’s (VREX) raw stochastic average was set at 67.06%, which indicates a significant increase from 28.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.51% in the past 14 days, which was lower than the 52.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.42, while its 200-day Moving Average is $14.43. However, in the short run, Varex Imaging Corp’s stock first resistance to watch stands at $14.90. Second resistance stands at $15.10. The third major resistance level sits at $15.47. If the price goes on to break the first support level at $14.33, it is likely to go to the next support level at $13.96. The third support level lies at $13.76 if the price breaches the second support level.
Varex Imaging Corp (NASDAQ: VREX) Key Stats
There are 41,231K outstanding shares of the company, which has a market capitalization of 606.51 million. As of now, sales total 811,000 K while income totals -47,700 K. Its latest quarter income was 205,700 K while its last quarter net income were -50,000 K.
