Envista Holdings Corp (NYSE: NVST) is -8.56% lower on its value in year-to-date trading and has touched a low of $15.15 and a high of $25.64 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 NVST stock was last observed hovering at around $22.18 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $22.00, the stock is 5.33% and 12.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.38 million and changing -0.81% at the moment leaves the stock 15.71% off its SMA200. NVST registered -7.87% loss for a year compared to 6-month gain of 20.88%. The firm has a 50-day simple moving average (SMA 50) of $19.5444 and a 200-day simple moving average (SMA200) of $19.0165.
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The stock witnessed a 14.40% loss in the last 1 month and extending the period to 3 months gives it a 19.89%, and is 8.59% 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 3.05% over the week and 3.55% over the month.
Envista Holdings Corp (NVST) has around 12800 employees, a market worth around $3.79B and $2.50B in sales. Fwd P/E is 19.32. Profit margin for the company is -53.42%. Distance from 52-week low is 45.26% and -14.20% from its 52-week high. The company has generated returns on investments over the last 12 months (-29.75%).
The EPS is expected to shrink by -52.71% this year.
Envista Holdings Corp (NVST) Top Institutional Holders
410.0 institutions hold shares in Envista Holdings Corp (NVST), with institutional investors hold 115.32% of the company’s shares. The shares outstanding are 171.50M, and float is at 170.66M with Short Float at 7.19%. Institutions hold 114.47% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 19.46 million shares valued at $323.59 million. The investor’s holdings represent 11.3196% of the NVST Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 17.28 million shares valued at $287.33 million to account for 10.051 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 13.95 million shares representing 8.1145% and valued at over $231.97 million, while HARRIS ASSOCIATES L P holds 6.2697 of the shares totaling 10.78 million with a market value of $179.23 million.
Envista Holdings Corp (NVST) Insider Activity
The most recent transaction is an insider purchase by Keel Paul A, the company’s Chief Executive Officer. SEC filings show that Keel Paul A bought 30,000 shares of the company’s common stock on Aug 13 ’24 at a price of $16.87 per share for a total of $0.51 million. Following the purchase, the insider now owns 0.4 million shares.
Envista Holdings Corp disclosed in a document filed with the SEC on Aug 12 ’24 that Hammes Eric D. (Chief Financial Officer) bought a total of 24,532 shares of the company’s common stock. The trade occurred on Aug 12 ’24 and was made at $16.33 per share for $0.4 million. Following the transaction, the insider now directly holds 24532.0 shares of the NVST stock.
Still, SEC filings show that on Aug 06 ’24, Conley Eric (Former Officer) Proposed Sale 12,798 shares at an average price of $16.00 for $0.2 million. The insider now directly holds shares of Envista Holdings Corp (NVST).
