Last month’s performance of -13.47% for Varex Imaging Corp (VREX) is certainly impressive

Varex Imaging Corp (NASDAQ: VREX) kicked off on Friday, down -19.28% from the previous trading day, before settling in for the closing price of $15.20. Over the past 52 weeks, VREX has traded in a range of $10.19-$18.50.

A company in the Healthcare sector has jumped its sales by 1.03% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 11.52%. With a float of $40.64 million, this company’s outstanding shares have now reached $41.23 million.

In an organization with 2300 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 32.69%, operating margin of 4.76%, and the pretax margin is 0.99%.

Varex Imaging Corp (VREX) Insider and Institutional Ownership

Our next focus will be how large-scale investors are participating in this stock of the Medical Devices Industry. The insider ownership of Varex Imaging Corp is 1.36%, while institutional ownership is 94.28%. 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

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.18 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 11.52% per share during the next fiscal year.

Varex Imaging Corp (NASDAQ: VREX) Trading Performance Indicators

Take a look at Varex Imaging Corp’s (VREX) current performance indicators. Last quarter, stock had a quick ratio of 2.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.62. Likewise, its price to free cash flow for the trailing twelve months is 21.51.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.16, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 0.91 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 0.81 million. That was better than the volume of 0.48 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 66.57%. Additionally, its Average True Range was 0.76.

During the past 100 days, Varex Imaging Corp’s (VREX) raw stochastic average was set at 26.96%, which indicates a significant increase from 12.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 99.52% in the past 14 days, which was higher than the 52.48% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $14.64, while its 200-day Moving Average is $13.92. However, in the short run, Varex Imaging Corp’s stock first resistance to watch stands at $13.73. Second resistance stands at $15.19. The third major resistance level sits at $16.16. If the price goes on to break the first support level at $11.30, it is likely to go to the next support level at $10.34. The third support level lies at $8.88 if the price breaches the second support level.

Varex Imaging Corp (NASDAQ: VREX) Key Stats

The company with the Market Capitalisation of 505.52 million has total of 41,231K Shares Outstanding. Its annual sales at the moment are 811,000 K in contrast with the sum of -47,700 K annual income. Company’s last quarter sales were recorded 205,700 K and last quarter income was -50,000 K.