Vertiv Holdings Co (NYSE:VRT) shares, rose in value on Thursday, April 04, with the stock price up by 0.05% to the previous day’s close as strong demand from buyers drove the stock to $85.39.
Actively observing the price movement in the recent trading, the stock is buoying the session at $85.35. The value of beta (5-year monthly) is 1.74 whereas the PE ratio is 72.59 over 12-month period. Referring to stock’s 52-week performance, its high was $86.63, and the low was $11.95. On the whole, VRT has fluctuated by 21.96% over the past month.
With the market capitalization of Vertiv Holdings Co currently standing at about $32.62 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 24, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 0.05, with its dividend yield at 0.06%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.36, which is expected to increase to $0.59 for fiscal year $2.29 and then to about $2.85 by fiscal year 2025. Data indicates that the EPS growth is expected to be 29.40% in 2025, while the next year’s EPS growth is forecast to be 24.50%.
Analysts have estimated the company’s revenue for the quarter at $1.62 billion, with a low estimate of $1.6 billion and a high estimate of $1.66 billion. According to the average forecast, sales growth in current quarter could jump up 6.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $7.61 billion, representing an increase of 10.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 2 upward and no downward review(s) in last seven days. We see that VRT’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.72, with the price of VRT currently trading nearly 10.57% and 25.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 74.14, while the 7-day volatility ratio is showing 5.20% which for the 30-day chart, stands at 4.70%. Furthermore, Vertiv Holdings Co (VRT)’s beta value is 1.60, and its average true range (ATR) is 3.83.
A comparison of Vertiv Holdings Co (VRT) with its peers suggests the former has fared considerably weaker in the market. VRT showed an intraday change of 0.05% in today’s session so far, and over the past year, it grew by 511.27%%.
Data on historical trading for Vertiv Holdings Co (NYSE:VRT) indicates that the trading volumes over the past 10 days have averaged 7.44 million and over the past 3 months, they’ve averaged 7.45 million. According to company’s latest data on outstanding shares, there are 381.79 million shares outstanding.
Nearly 4.37% of Vertiv Holdings Co’s shares belong to company insiders and institutional investors own 88.78% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.63 million shares as on Mar 15, 2024, resulting in a short ratio of 1. According to the data, the short interest in Vertiv Holdings Co (VRT) stood at 2.26% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 7.68 million. The stock has risen by 77.80% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VRT stock heading into the next quarter.
