National Vision Holdings Inc (EYE) stock poised to deliver a potential return of 149.03%

At the time of writing, National Vision Holdings Inc [EYE] stock is trading at $14.40, up 3.52%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The EYE shares have gain 9.84% over the last week, with a monthly amount glided 14.38%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

National Vision Holdings Inc [NASDAQ: EYE] stock has seen the most recent analyst activity on October 17, 2023, when Goldman downgraded its rating to a Neutral and also revised its price target to $16 from $25. Previously, Wells Fargo downgraded its rating to Equal Weight on July 27, 2023, and dropped its price target to $21. On July 27, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $22 on the stock. Barclays downgraded its rating to a Equal Weight. Loop Capital upgraded its rating to a Buy but $23 remained the price target by the analyst firm on March 31, 2023. Morgan Stanley downgraded its rating to Equal-Weight for this stock on January 17, 2023.

For the past year, the stock price of National Vision Holdings Inc fluctuated between $11.91 and $25.04. Currently, Wall Street analysts expect the stock to reach $35.86 within the next 12 months. National Vision Holdings Inc [NASDAQ: EYE] shares were valued at $14.40 at the most recent close of the market. An investor can expect a potential return of 149.03% based on the average EYE price forecast.

Analyzing the EYE fundamentals

According to National Vision Holdings Inc [NASDAQ:EYE], the company’s sales were 2.11B for trailing twelve months, which represents an -3.53% plunge. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.08 and Total Capital is -0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.63.

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 14.10 points at the first support level, and at 13.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.64, and for the 2nd resistance point, it is at 14.87.

Ratios To Look Out For

It is important to note that National Vision Holdings Inc [NASDAQ:EYE] has a current ratio of 1.01. In addition, the Quick Ratio stands at 0.69 and the Cash Ratio stands at 0.4. Considering the valuation of this stock, the price to sales ratio is 0.54, the price to book ratio is 1.34.

Transactions by insiders

Recent insider trading involved FAHS L READE, Chief Executive Officer, that happened on May 13 ’24 when 20000.0 shares were purchased. Director, PEELER D RANDOLPH completed a deal on May 10 ’24 to buy 34000.0 shares.

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