Vestis Corp (NYSE: VSTS) kicked off on Tuesday, down -2.93% from the previous trading day, before settling in for the closing price of $9.90. Over the past 52 weeks, VSTS has traded in a range of $8.92-$19.76.
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Annual sales at Industrials sector company grew by 2.43% over the past five years. While this was happening, its average annual earnings per share was recorded 11.52%. With a float of $130.42 million, this company’s outstanding shares have now reached $131.70 million.
Let’s look at the performance matrix of the company that is accounted for 19600 employees. In terms of profitability, gross margin is 45.06%, operating margin of 5.08%, and the pretax margin is 0.6%.
Vestis Corp (VSTS) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Rental & Leasing Services Industry. The insider ownership of Vestis Corp is 1.01%, while institutional ownership is 104.09%. The most recent insider transaction that took place on May 24 ’24, was worth 653,055. In this transaction Director of this company bought 54,468 shares at a rate of $11.99, taking the stock ownership to the 195,604 shares. Before that another transaction happened on May 28 ’24, when Company’s Director bought 22,442 for $11.62, making the entire transaction worth $260,706. This insider now owns 218,046 shares in total.
Vestis Corp (VSTS) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 11.52% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 21.63% during the next five years compared to -34.27% drop over the previous five years of trading.
Vestis Corp (NYSE: VSTS) Trading Performance Indicators
Take a look at Vestis Corp’s (VSTS) current performance indicators. Last quarter, stock had a quick ratio of 0.54. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.46. Likewise, its price to free cash flow for the trailing twelve months is 3.64.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.07, a number that is poised to hit 0.14 in the next quarter and is forecasted to reach 0.85 in one year’s time.
Technical Analysis of Vestis Corp (VSTS)
Vestis Corp (NYSE: VSTS) saw its 5-day average volume 1.85 million, a negative change from its year-to-date volume of 1.95 million. As of the previous 9 days, the stock’s Stochastic %D was 26.22%. Additionally, its Average True Range was 0.42.
During the past 100 days, Vestis Corp’s (VSTS) raw stochastic average was set at 1.38%, which indicates a significant decrease from 6.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.55% in the past 14 days, which was lower than the 43.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.59, while its 200-day Moving Average is $13.80. Nevertheless, the first resistance level for the watch stands at $9.77 in the near term. At $9.94, the stock is likely to face the second major resistance level. The third major resistance level sits at $10.08. If the price goes on to break the first support level at $9.47, it is likely to go to the next support level at $9.33. The third support level lies at $9.16 if the price breaches the second support level.
Vestis Corp (NYSE: VSTS) Key Stats
The company with the Market Capitalisation of 1.27 billion has total of 131,745K Shares Outstanding. Its annual sales at the moment are 2,806 M in contrast with the sum of 20,970 K annual income. Company’s last quarter sales were recorded 683,780 K and last quarter income was 830 K.
