Varex Imaging Corp (NASDAQ: VREX) is -46.93% lower on its value in year-to-date trading and has touched a low of $10.19 and a high of $21.50 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 VREX stock was last observed hovering at around $11.03 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $10.88, the stock is -7.24% and -14.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing -1.36% at the moment leaves the stock -33.13% off its SMA200. VREX registered -41.57% loss for a year compared to 6-month loss of -37.47%.
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The stock witnessed a -12.54% gain in the last 1 month and extending the period to 3 months gives it a -25.53%, and is -5.23% down 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 5.36% over the week and 4.89% over the month.
Varex Imaging Corp (VREX) has around 2400 employees, a market worth around $444.99M and $832.70M in sales. Current P/E ratio is 15.83 and Fwd P/E is 18.02. Profit margin for the company is 4.11%. Distance from 52-week low is 6.77% and -49.40% from its 52-week high. The company has generated returns on investments over the last 12 months (3.42%).
The EPS is expected to shrink by -70.60% this year
265.0 institutions hold shares in Varex Imaging Corp (VREX), with institutional investors hold 109.82% of the company’s shares. The shares outstanding are 40.53M, and float is at 40.40M with Short Float at 7.40%. Institutions hold 104.35% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.15 million shares valued at $105.25 million. The investor’s holdings represent 17.4695 of the VREX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.64 million shares valued at $68.32 million to account for 11.3408 of the shares outstanding. The other top investors are ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC which holds 2.63 million shares representing 6.4269 and valued at over $38.72 million, while PZENA INVESTMENT MANAGEMENT LLC holds 6.2817 of the shares totaling 2.57 million with a market value of $37.84 million.
Varex Imaging Corp (VREX) Insider Activity
The most recent transaction is an insider sale by Honeysett Kimberley E., the company’s SVP and CLO. SEC filings show that Honeysett Kimberley E. sold 2,578 shares of the company’s common stock on Aug 20 ’24 at a price of $12.53 per share for a total of $32302.0. Following the sale, the insider now owns 275.0 shares.
Still, SEC filings show that on Aug 12 ’24, Maheshwari Shubham (Chief Financial Officer) acquired 10,000 shares at an average price of $10.82 for $0.11 million. The insider now directly holds 56,063 shares of Varex Imaging Corp (VREX).
