A Bullish 2024 Outlook For National Vision Holdings Inc (NASDAQ: EYE) Shares

National Vision Holdings Inc (NASDAQ:EYE) shares, rose in value, with the stock price up by 0.06% to the previous day’s close as strong demand from buyers drove the stock to $17.88.

Actively observing the price movement in the last trading, the stock closed the session at $17.87. Referring to stock’s 52-week performance, its high was $27.02, and the low was $13.71. On the whole, EYE has fluctuated by -18.58% over the past month.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EYE’s technical picture suggests that short-term indicators denote the stock is a 75% Sell 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% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of EYE currently trading nearly -8.90% and -15.58% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.40, while the 7-day volatility ratio is showing 3.91% which for the 30-day chart, stands at 3.52%. Furthermore, National Vision Holdings Inc (EYE)’s beta value is 1.46, and its average true range (ATR) is 0.73.

A comparison of National Vision Holdings Inc (EYE) with its peers suggests the former has fared considerably weaker in the market. EYE showed an intraday change of 0.06% in last session, and over the past year, it shrunk by -13.66%%.

Data on historical trading for National Vision Holdings Inc (NASDAQ:EYE) indicates that the trading volumes over the past 3 months, they’ve averaged 989.43K. According to company’s latest data on outstanding shares, there are 78.31 million shares outstanding.

Nearly 1.94% of National Vision Holdings Inc’s shares belong to company insiders and institutional investors own 110.11% of the company’s shares. The stock has fallen by -14.57% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EYE stock heading into the next quarter.

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