A share price of Varex Imaging Corp [VREX] is currently trading at $11.53, down -2.45%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The VREX shares have gain 12.71% over the last week, with a monthly amount drifted -8.35%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Varex Imaging Corp [NASDAQ: VREX] stock has seen the most recent analyst activity on August 23, 2024, when B. Riley Securities initiated its Buy rating and assigned the stock a price target of $21. Previously, Jefferies started tracking the stock with Hold rating on October 12, 2022, and set its price target to $24. On February 05, 2021, upgrade upgraded it’s rating to Outperform but maintained its price target of $41 on the stock. Oppenheimer downgraded its rating to a Perform. JP Morgan downgraded its rating to a Neutral and reduced its price target to $25 on May 13, 2020. JP Morgan upgraded its rating to Overweight for this stock on March 25, 2020, but kept the price target unchanged to $32. In a note dated February 12, 2020, Jefferies downgraded an Hold rating on this stock but restated the target price of $30.
Varex Imaging Corp experienced fluctuations in its stock price throughout the past year between $10.19 and $21.50. Currently, Wall Street analysts expect the stock to reach $17 within the next 12 months. Varex Imaging Corp [NASDAQ: VREX] shares were valued at $11.53 at the most recent close of the market. An investor can expect a potential return of 47.44% based on the average VREX price forecast.
Analyzing the VREX fundamentals
Trailing Twelve Months sales for Varex Imaging Corp [NASDAQ:VREX] were 832.70M which represents -9.95% decline. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.77.
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 11.27 points at the first support level, and at 11.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.85, and for the 2nd resistance point, it is at 12.18.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Varex Imaging Corp [NASDAQ:VREX] is 3.34. In addition, the Quick Ratio stands at 1.89 and the Cash Ratio stands at 0.8. Considering the valuation of this stock, the price to sales ratio is 0.57, the price to book ratio is 0.81 and price to earnings (TTM) ratio is 16.78.
Transactions by insiders
Recent insider trading involved Honeysett Kimberley E., SVP and CLO, that happened on Aug 20 ’24 when 2578.0 shares were sold. Officer, Honeysett Kimberley E. completed a deal on Aug 20 ’24 to buy 2578.0 shares. Meanwhile, Chief Financial Officer Maheshwari Shubham bought 10000.0 shares on Aug 12 ’24.
