Envista Holdings Corporation [NVST] Is Currently -0.86 below its 200 Period Moving Avg: What Does This Mean?

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Envista Holdings Corporation [NYSE: NVST] loss -0.86% or -0.36 points to close at $41.58 with a heavy trading volume of 845054 shares. The company report on November 3, 2021 that Envista Reports Third Quarter 2021 Results.

Envista Holdings Corporation (NYSE: NVST) announced results for the third quarter 2021.


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As previously disclosed, in September we reached an agreement to sell our KaVo Treatment Unit and Instrument business (the “Divestiture”). We expect this transaction to close by the end of the year. For the current quarter the results of the Divestiture are reflected as discontinued operations in our financial statements as required by generally accepted accounting principles. All commentary in this release relates to continuing operations unless otherwise noted.

It opened the trading session at $41.83, the shares rose to $42.08 and dropped to $41.37, the range by which the price of stock traded the whole day. The daily chart for NVST points out that the company has recorded -5.50% loss over the past six months. However, it is still -45.23% lower than its most recent low trading price.

If we look at the average trading volume of 1.42M shares, NVST reached to a volume of 845054 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Envista Holdings Corporation [NVST]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NVST shares is $50.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NVST stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Envista Holdings Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 26, 2021. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on August 05, 2021, representing the official price target for Envista Holdings Corporation stock. Previously, the target price had yet another raise from $31 to $41, while Credit Suisse kept a Outperform rating on NVST stock.

The Average True Range (ATR) for Envista Holdings Corporation is set at 0.97, with the Price to Sales ratio for NVST stock in the period of the last 12 months amounting to 2.43. The Price to Book ratio for the last quarter was 1.70, with the Price to Cash per share for the same quarter was set at 3.91. Price to Free Cash Flow for NVST in the course of the last twelve months was 18.86 with Quick ratio for the last quarter at 1.20.

Trading performance analysis for NVST stock

Envista Holdings Corporation [NVST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.62. With this latest performance, NVST shares gained by 7.69% in over the last four-week period, additionally sinking by -5.50% over the last 6 months – not to mention a rise of 41.00% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NVST stock in for the last two-week period is set at 49.15, with the RSI for the last a single of trading hit 44.07, and the three-weeks RSI is set at 50.30 for Envista Holdings Corporation [NVST]. The present Moving Average for the last 50 days of trading for this stock 41.12, while it was recorded at 42.10 for the last single week of trading, and 41.84 for the last 200 days.

Envista Holdings Corporation [NVST]: A deeper dive into fundamental analysis

Envista Holdings Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.40.

Envista Holdings Corporation [NVST]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Envista Holdings Corporation posted 0.48/share EPS, while the average EPS was predicted by analysts to be reported at 0.09/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 433.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NVST. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Envista Holdings Corporation go to -3.36%.

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An analysis of insider ownership at Envista Holdings Corporation [NVST]

There are presently around $7,452 million, in the hands of institutional investors. The top three institutional holders of NVST stocks are: FMR LLC with ownership of 23,724,496, which is approximately 0.305% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 16,560,615 shares of the stock with an approximate value of $688.59 million in NVST stocks shares; and VANGUARD GROUP INC, currently with $619.56 million in NVST stock with ownership of nearly 0.022% of the company’s market capitalization.

158 institutional holders increased their position in Envista Holdings Corporation [NYSE:NVST] by around 20,303,386 shares. Additionally, 146 investors decreased positions by around 18,154,354 shares, while 60 investors held positions by with 140,772,263 shares. The mentioned changes placed institutional holdings at 179,230,003 shares, according to the latest SEC report filing. NVST stock had 35 new institutional investments in for a total of 2,073,970 shares, while 39 institutional investors sold positions of 1,259,838 shares during the same period.

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