Varex Imaging Corp (NASDAQ:VREX)’s traded shares stood at 0.41 million during the last session, with the company’s beta value hitting 0.55. At the close of trading, the stock’s price was $11.55, to imply an increase of 1.40% or $0.16 in intraday trading. The VREX share’s 52-week high remains $21.50, putting it -86.15% down since that peak but still an impressive 11.77% since price per share fell to its 52-week low of $10.19. The company has a valuation of $472.40M, with an average of 1.4 million shares in intraday trading volume over the past 10 days and average of 676.54K shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Varex Imaging Corp (VREX), translating to a mean rating of 1.40. Of 1 analyst(s) looking at the stock, 0 analyst(s) give VREX a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.09.
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Varex Imaging Corp (NASDAQ:VREX) trade information
After registering a 1.40% upside in the last session, Varex Imaging Corp (VREX) has traded red over the past five days. The 5-day price performance for the stock is -3.10%, and -3.51% over 30 days. With these gigs, the year-to-date price performance is -43.66%. Short interest in Varex Imaging Corp (NASDAQ:VREX) saw shorts transact 2.47 million shares and set a 4.53 days time to cover.
The extremes give us $17 and $17 for target low and target high price respectively. As such, VREX has been trading -47.19% off suggested target high and -47.19% from its likely low.
Varex Imaging Corp (VREX) estimates and forecasts
Looking at statistics comparing Varex Imaging Corp share performance against respective industry, we note that the company has underperformed competitors. Varex Imaging Corp (VREX) shares are -34.56% down over the last 6 months, with its year-to-date growth rate lower than industry average at -63.78% against 12.30%. Revenue is forecast to shrink -80.00% this quarter before falling -50.00% for the next one. The rating firms project that company’s revenue will shrink -9.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 199.39M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 189.43M.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 6.00% for the past 5-year period. While 2024 is set for a -70.60% return in earnings, projections for the next 5 years are at 5.00% annually.
VREX Dividends
Varex Imaging Corp has its next earnings report out on 2024-Nov-12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Varex Imaging Corp (NASDAQ:VREX)’s Major holders
Varex Imaging Corp insiders hold 4.97% of total outstanding shares, with institutional holders owning 104.47% of the shares at 109.94% float percentage. In total, 104.47% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 7.15 million shares (or 17.4695% of shares), all amounting to roughly $105.25 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 4.64 million shares, or about 11.3408% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $68.32 million.
