While NCR Voyix Corp has underperformed by -0.67%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VYX fell by -10.10%, with highs and lows ranging from $19.01 to $10.99, whereas the simple moving average jumped by 3.52% in the last 200 days.
On June 12, 2024, Stifel started tracking NCR Voyix Corp (NYSE: VYX) recommending Buy. A report published by Goldman on March 18, 2024, Initiated its previous ‘Neutral’ rating for VYX. Northcoast also Upgraded VYX shares as ‘Buy’, setting a target price of $17 on the company’s shares in a report dated March 12, 2024. Needham Initiated an Buy rating on December 04, 2023, and assigned a price target of $22. DA Davidson initiated its ‘Buy’ rating for VYX, as published in its report on October 17, 2023. Morgan Stanley also rated the stock as ‘Equal-Weight’.
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Analysis of NCR Voyix Corp (VYX)
VYX currently pays a dividend of $0.00 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -54.42%, showing a negative trend in the upcoming months.
In order to gain a clear picture of NCR Voyix Corp’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -39.68% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.73, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 2.50M can be a very valuable indicator of volatility for VYX stock. On a monthly basis, the volatility of the stock is set at 3.41%, whereas on a weekly basis, it is put at 2.90%, with a gain of 3.64% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.62, showing growth from the present price of $14.80, which can serve as yet another indication of whether VYX is worth investing in or should be passed over.
How Do You Analyze NCR Voyix Corp Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 3.60%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 99.65% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
VYX shares are owned by institutional investors to the tune of 99.65% at present.
