Vestis Corp (NYSE:VSTS) shares, rose in value on Wednesday, May 07, with the stock price down by -37.54% to the previous day’s close as strong demand from buyers drove the stock to $5.44.
Actively observing the price movement in the last trading, the stock closed the session at $8.71. Referring to stock’s 52-week performance, its high was $17.83, and the low was $7.35. On the whole, VSTS has fluctuated by -30.35% over the past month.
With the market capitalization of Vestis Corp currently standing at about $716.69 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.14, with its dividend yield at 2.57%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.73B, with a low estimate of 670.32M and a high estimate of 709.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 682.59M.
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 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of VSTS currently trading nearly -33.71% and -42.92% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 22.47, while the 7-day volatility ratio is showing 4.83% which for the 30-day chart, stands at 5.38%. Furthermore, Vestis Corp (VSTS)’s beta value is 1.80, and its average true range (ATR) is 0.63.
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 -37.54% in last session, and over the past year, it shrunk by -42.19%%.
Data on historical trading for Vestis Corp (NYSE:VSTS) indicates that the trading volumes over the past 3 months, they’ve averaged 2.18 million. According to company’s latest data on outstanding shares, there are 131.78 million shares outstanding.
Nearly 1.00% of Vestis Corp’s shares belong to company insiders and institutional investors own 97.90% of the company’s shares. The stock has fallen by -64.30% 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.
