A look into Varex Imaging Corp (VREX)’s deeper side

With 0.69 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.74 million shares. During the session, the Medical Devices company that operates in wider Healthcare sector, reached to the highest price of $15.53 whereas the lowest price it dropped to was $15.06. The 52-week range on VREX shows that it touched its highest point at $21.50 and its lowest point at $10.19 during that stretch. It currently has a 1-year price target of $23.75. Beta for the stock currently stands at 0.61.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VREX was down-trending over the past week, with a drop of -0.78%, but this was up by 11.20% over a month. Three-month performance surged to 36.72% while six-month performance rose 0.33%. The stock lost -27.84% in the past year, while it has lost -25.90% so far this year. A look at the trailing 12-month EPS for VREX yields -1.17 with Next year EPS estimates of 0.93. For the next quarter, that number is 0.04. This implies an EPS growth rate of 7.27% for this year and 57.06% for next year.

Float and Shares Shorts:

At present, 41.09 million VREX shares are outstanding with a float of 40.55 million shares on hand for trading. On 2024-10-31, short shares totaled 1.56 million, which was 381.0 higher than short shares on 1727654400. In addition to Mr. Sunny S. Sanyal as the firm’s President, CEO & Director, Mr. Shubham Maheshwari serves as its CFO & Principal Accounting Officer.

Institutional Ownership:

Through their ownership of 0.99119 of VREX’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-28, VREX reported revenue of $205700000.0 and operating income of $10900000.0. The EBITDA in the recently reported quarter was $16000000.0 and diluted EPS was $nan.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VREX since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With VREX analysts setting a high price target of 30.0 and a low target of 16.0, the average target price over the next 12 months is 22.2. Based on these targets, VREX could surge 97.5% to reach the target high and rise by 5.33% to reach the target low. Reaching the average price target will result in a growth of 46.15% from current levels.

Analysts have provided yearly estimates in a range of $0.46696 being high and $0.41832 being low. For VREX, this leads to a yearly average estimate of $0.4475.