Vestis Corp (NYSE:VSTS) shares, rose in value on Thursday, November 21, with the stock price up by 17.36% to the previous day’s close as strong demand from buyers drove the stock to $15.62.
Actively observing the price movement in the last trading, the stock closed the session at $13.31, falling within a range of $13.29 and $15.695. The PE ratio was 17.52 over 12-month period. Referring to stock’s 52-week performance, its high was $22.37, and the low was $8.92. On the whole, VSTS has fluctuated by 8.85% over the past month.
With the market capitalization of Vestis Corp currently standing at about $2.05 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.14, with its dividend yield at 0.90%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.83B, with a low estimate of 686.33M and a high estimate of 709.86M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 697.38M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VSTS’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.38, with the price of VSTS currently trading nearly 12.17% and 7.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.48, while the 7-day volatility ratio is showing 6.31% which for the 30-day chart, stands at 3.59%. Furthermore, Vestis Corp (VSTS)’s beta value is 1.33, and its average true range (ATR) is 0.57.
A comparison of Vestis Corp (VSTS) with its peers suggests the former has fared considerably weaker in the market. VSTS showed an intraday change of 17.36% in last session, and over the past year, it shrunk by -4.70%%.
Data on historical trading for Vestis Corp (NYSE:VSTS) indicates that the trading volumes over the past 10 days have averaged 1.48 and over the past 3 months, they’ve averaged 1.97 million. According to company’s latest data on outstanding shares, there are 131.43 million shares outstanding.
Nearly 0.72% of Vestis Corp’s shares belong to company insiders and institutional investors own 95.27% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.2 million shares as on 2024-10-31, resulting in a short ratio of 2.65. According to the data, the short interest in Vestis Corp (VSTS) stood at 359.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 3.97 million. The stock has fallen by -26.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VSTS stock heading into the next quarter.
