At the time of writing, Vertiv Holdings Co [VRT] stock is trading at $85.35, up 5.67%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The VRT shares have gain 3.24% over the last week, with a monthly amount glided 19.05%, and seem to be holding up well over a long-time horizon.
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On 18, March 2024, Vertiv Joins the NVIDIA Partner Network. In a post published today on Yahoo Finance, Vertiv brings its high-density power and cooling infrastructure expertise to the NVIDIA Partner Network to better support adoption of accelerated computing and AI workloads.
From an analyst’s perspective:
Vertiv Holdings Co [NYSE: VRT] stock has seen the most recent analyst activity on August 02, 2023, when BofA Securities upgraded its rating to a Buy but kept the price target unchanged to $40 for it. Previously, Vertical Research upgraded its rating to Buy on June 09, 2023. On October 27, 2022, upgrade upgraded it’s rating to Outperform and revised its price target to $20 on the stock. JP Morgan upgraded its rating to a Overweight and decreased its price target to $18 on April 01, 2022. Cowen downgraded its rating to a Market Perform but $11.50 remained the price target by the analyst firm on February 24, 2022. Vertical Research downgraded its rating to Hold for this stock on February 23, 2022, but kept the price target unchanged to $15. In a note dated February 23, 2022, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $17 to $15.
For the past year, the stock price of Vertiv Holdings Co fluctuated between $11.95 and $86.63. Currently, Wall Street analysts expect the stock to reach $36.29 within the next 12 months. Vertiv Holdings Co [NYSE: VRT] shares were valued at $85.35 at the most recent close of the market. An investor can expect a potential drop of -57.48% based on the average VRT price forecast.
Analyzing the VRT fundamentals
According to Vertiv Holdings Co [NYSE:VRT], the company’s sales were 6.86B for trailing twelve months, which represents an 12.74% jump. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.27 and Total Capital is 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.55.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 81.49 points at the first support level, and at 77.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 87.52, and for the 2nd resistance point, it is at 89.69.
Vertiv Holdings Co [VRT] reported earnings per share of $0.56 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.53/share, meaning a difference of $0.03 and a surprise factor of 5.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.52 per share as compared to estimates of $0.44 per share, a difference of $0.08 representing a surprise of 18.20%.
Ratios To Look Out For
It is important to note that Vertiv Holdings Co [NYSE:VRT] has a current ratio of 1.74. As well, the Quick Ratio is 1.35, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 4.75, the price to book ratio is 16.17 and price to earnings (TTM) ratio is 72.55.
Transactions by insiders
Recent insider trading involved Cripps Scott, Chief Accounting Officer, that happened on Mar 08 ’24 when 56594.0 shares were sold. Chief Technology Officer & EVP, Liang Stephen completed a deal on Mar 01 ’24 to sell 0.31 million shares. Meanwhile, Director VPE Holdings, LLC sold 10.0 million shares on Sep 08 ’23.
