Vestis Corp (NYSE: VSTS) is 0.13% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VSTS stock was last observed hovering at around $15.30 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $15.26, the stock is -4.15% and 0.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing -0.26% at the moment leaves the stock 5.53% off its SMA200. VSTS registered -24.42% loss for a year compared to 6-month gain of 35.52%. The firm has a 50-day simple moving average (SMA 50) of $15.111 and a 200-day simple moving average (SMA200) of $14.4607.
The stock witnessed a -6.89% loss in the last 1 month and extending the period to 3 months gives it a 5.10%, and is -2.80% 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 2.36% over the week and 3.19% over the month.
Vestis Corp (VSTS) has around 19600 employees, a market worth around $2.00B and $2.81B in sales. Current P/E ratio is 95.91 and Fwd P/E is 18.08. Profit margin for the company is 0.75%. Distance from 52-week low is 71.08% and -31.78% from its 52-week high. The company has generated returns on investments over the last 12 months (0.94%).
The EPS is expected to grow by 6.94% this year.
Vestis Corp (VSTS) Top Institutional Holders
392.0 institutions hold shares in Vestis Corp (VSTS), with institutional investors hold 96.42% of the company’s shares. The shares outstanding are 131.48M, and float is at 130.39M with Short Float at 3.19%. Institutions hold 95.83% of the Float.
Vestis Corp (VSTS) Insider Activity
The most recent transaction is an insider purchase by Pertz Douglas A, the company’s Director. SEC filings show that Pertz Douglas A bought 54,468 shares of the company’s common stock on May 24 ’24 at a price of $11.99 per share for a total of $0.65 million. Following the purchase, the insider now owns 0.2 million shares.
Vestis Corp disclosed in a document filed with the SEC on May 28 ’24 that Pertz Douglas A (Director) bought a total of 22,442 shares of the company’s common stock. The trade occurred on May 28 ’24 and was made at $11.62 per share for $0.26 million. Following the transaction, the insider now directly holds 0.22 million shares of the VSTS stock.
Still, SEC filings show that on May 24 ’24, Shih Grant (EVP and CTO) acquired 800 shares at an average price of $12.00 for $9600.0. The insider now directly holds 6,187 shares of Vestis Corp (VSTS).
