Vertiv Holdings Co [NYSE: VRT] loss -6.13% or -0.72 points to close at $11.03 with a heavy trading volume of 5344660 shares. The company report on August 24, 2022 that Vertiv to Participate in Upcoming Evercore ISI 2nd Annual Technology Conference.
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Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced its participation in the Evercore ISI 2nd Annual Technology Conference.
David Fallon, Chief Financial Officer, and Gary Niederpruem, Chief Strategy and Development Officer, will participate in a fireside chat at the conference in New York City on Thursday, September 8, 2022 at 12:45 p.m. Eastern time.
It opened the trading session at $11.68, the shares rose to $11.76 and dropped to $10.98, the range by which the price of stock traded the whole day. The daily chart for VRT points out that the company has recorded -15.87% loss over the past six months. However, it is still -42.14% lower than its most recent low trading price.
If we look at the average trading volume of 3.56M shares, VRT reached to a volume of 5344660 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 Vertiv Holdings Co [VRT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VRT shares is $14.09 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VRT stock is a recommendation set at 2.50. 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.
JP Morgan have made an estimate for Vertiv Holdings Co shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 01, 2022. The new note on the price target was released on February 24, 2022, representing the official price target for Vertiv Holdings Co stock. Previously, the target price had yet another raise to $15, while Vertical Research analysts kept a Hold rating on VRT stock. On February 23, 2022, analysts decreased their price target for VRT shares from 17 to 15.
The Average True Range (ATR) for Vertiv Holdings Co is set at 0.62, with the Price to Sales ratio for VRT stock in the period of the last 12 months amounting to 0.85. The Price to Book ratio for the last quarter was 3.07, with the Price to Cash per share for the same quarter was set at 0.49.
Trading performance analysis for VRT stock
Vertiv Holdings Co [VRT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.28. With this latest performance, VRT shares dropped by -8.46% in over the last four-week period, additionally sinking by -15.87% over the last 6 months – not to mention a drop of -54.04% 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 VRT stock in for the last two-week period is set at 39.13, with the RSI for the last a single of trading hit 32.29, and the three-weeks RSI is set at 43.42 for Vertiv Holdings Co [VRT]. The present Moving Average for the last 50 days of trading for this stock 11.81, while it was recorded at 11.96 for the last single week of trading, and 14.57 for the last 200 days.
Vertiv Holdings Co [VRT]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Vertiv Holdings Co [VRT] shares currently have an operating margin of +5.39 and a Gross Margin at +27.58. Vertiv Holdings Co’s Net Margin is presently recorded at +2.39.
Return on Equity for this stock inclined to 12.40, with Return on Assets sitting at 1.99.
Vertiv Holdings Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.50.
An analysis of insider ownership at Vertiv Holdings Co [VRT]
There are presently around $3,732 million, or 92.00% of VRT stock, in the hands of institutional investors. The top three institutional holders of VRT stocks are: PLATINUM EQUITY ADVISORS, LLC/DE with ownership of 37,955,215, which is approximately 0% of the company’s market cap and around 0.50% of the total institutional ownership; BARROW HANLEY MEWHINNEY & STRAUSS LLC, holding 32,876,094 shares of the stock with an approximate value of $362.62 million in VRT stocks shares; and VANGUARD GROUP INC, currently with $294.01 million in VRT stock with ownership of nearly 0.202% of the company’s market capitalization.
Positions in Vertiv Holdings Co stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 147 institutional holders increased their position in Vertiv Holdings Co [NYSE:VRT] by around 52,768,317 shares. Additionally, 156 investors decreased positions by around 46,530,853 shares, while 45 investors held positions by with 239,013,836 shares. The mentioned changes placed institutional holdings at 338,313,006 shares, according to the latest SEC report filing. VRT stock had 53 new institutional investments in for a total of 9,694,216 shares, while 52 institutional investors sold positions of 23,258,776 shares during the same period.