Vestis Corp [NYSE: VSTS] stock went on an upward path that rose over 6.43% on Tuesday, amounting to a one-week price increase of more than 5.15%.
The one-year Vestis Corp stock forecast points to a potential downside of -1.66. The average equity rating for VSTS stock is currently 2.67, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $1.61 billion, with 131.43 million shares outstanding and 130.50 million shares in the current float. Compared to the average trading volume of 2.89M shares, VSTS stock reached a trading volume of 4006207 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $12.05 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 2.67. 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.
William Blair have made an estimate for Vestis Corp shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on May 31, 2024. The new note on the price target was released on May 07, 2024, representing the official price target for Vestis Corp stock. On May 03, 2024, analysts decreased their price target for VSTS shares from 22 to 11.
The Average True Range (ATR) for Vestis Corp is set at 0.47 The Price to Book ratio for the last quarter was 1.79, with the Price to Cash per share for the same quarter was set at 0.23.
VSTS Stock Performance Analysis:
Vestis Corp [VSTS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.15. With this latest performance, VSTS shares dropped by -1.45% in over the last four-week period, additionally sinking by -40.94% 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 52.11, with the RSI for the last a single of trading hit 59.37, and the three-weeks RSI is set at 47.04 for Vestis Corp [VSTS]. The present Moving Average for the last 50 days of trading for this stock 12.40, while it was recorded at 11.57 for the last single week of trading.
Insight into Vestis Corp 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.
VSTS Stock EPS
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%.
Vestis Corp [VSTS] Institutonal Ownership Details
The top three institutional holders of VSTS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in VSTS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in VSTS stock with ownership which is approximately 5.1238%.
