Vestis Corp [NYSE: VSTS] jumped around 0.5 points on Monday, while shares priced at $9.91 at the close of the session, up 5.31%.
Compared to the average trading volume of 2.48M shares, VSTS reached a trading volume of 11851782 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Vestis Corp [VSTS]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VSTS shares is $14.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VSTS stock is a recommendation set at 2.38. 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.
Stifel have made an estimate for Vestis Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 03, 2024. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $22 to $11. The new note on the price target was released on May 03, 2024, representing the official price target for Vestis Corp stock. Previously, the target price had yet another raise from $17 to $19, while Barclays kept a Underweight rating on VSTS stock.
The Average True Range (ATR) for Vestis Corp is set at 1.11 The Price to Book ratio for the last quarter was 1.45, with the Price to Cash per share for the same quarter was set at 0.23.
How has VSTS stock performed recently?
Vestis Corp [VSTS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -47.37. With this latest performance, VSTS shares dropped by -48.17% in over the last four-week period, additionally sinking by -39.17% over the last 6 months.
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 VSTS stock in for the last two-week period is set at 14.06, with the RSI for the last a single of trading hit 10.84, and the three-weeks RSI is set at 17.84 for Vestis Corp [VSTS]. The present Moving Average for the last 50 days of trading for this stock 18.20, while it was recorded at 13.27 for the last single week of trading.
Vestis Corp [VSTS]: Deeper insight into the fundamentals
Vestis Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.16 and a Current Ratio set at 2.51.
Earnings analysis for Vestis Corp [VSTS]
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 VSTS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Vestis Corp go to 12.70%.
Insider trade positions for Vestis Corp [VSTS]
The top three institutional holders of VSTS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in VSTS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in VSTS stock with ownership which is approximately 5.8386%.
