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Vestis Corp (VSTS) Is Now En Route to Higher Prices

Vestis Corp (NYSE: VSTS) is -42.05% lower on its value in year-to-date trading and has touched a low of $8.92 and a high of $22.37 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VSTS stock was last observed hovering at around $11.51 in the last trading session, with the day’s gains setting it 0.74%.

Currently trading at $12.25, the stock is 3.18% and -2.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.01 million and changing 6.43% at the moment leaves the stock -27.93% off its SMA200. VSTS registered a loss of -40.94% in past 6-months.

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The stock witnessed a -1.45% gain in the last 1 month and extending the period to 3 months gives it a -36.06%, and is 5.15% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.21% over the week and 3.55% over the month.

Fwd P/E is 16.24. Distance from 52-week low is 37.33% and -45.24% from its 52-week high.

The EPS is expected to shrink by -64.53% this year.

Vestis Corp (VSTS) Top Institutional Holders

The shares outstanding are 131.43M, and float is at 130.50M with Short Float at 3.39%.

Vestis Corp (VSTS) Insider Activity

The most recent transaction is an insider purchase by Pertz Douglas A,the company’sDirector. SEC filings show that Pertz Douglas A bought 22,442 shares of the company’s common stock on May 28 ’24 at a price of $11.62 per share for a total of $0.26 million. Following the purchase, the insider now owns 0.22 million shares.

Vestis Corp disclosed in a document filed with the SEC on May 24 ’24 that Corvex Management LP (10% Owner) bought a total of 100,000 shares of the company’s common stock. The trade occurred on May 24 ’24 and was made at $12.02 per share for $1.2 million. Following the transaction, the insider now directly holds 17.01 million shares of the VSTS stock.

Still, SEC filings show that on May 24 ’24, Pertz Douglas A (Director) acquired 54,468 shares at an average price of $11.99 for $0.65 million. The insider now directly holds 195,604 shares of Vestis Corp (VSTS).

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