While Varex Imaging Corp has underperformed by -0.72%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VREX fell by -41.02%, with highs and lows ranging from $21.50 to $10.19, whereas the simple moving average fell by -32.37% in the last 200 days.
On August 23, 2024, B. Riley Securities started tracking Varex Imaging Corp (NASDAQ: VREX) recommending Buy. A report published by Jefferies on October 12, 2022, Initiated its previous ‘Hold’ rating for VREX. Oppenheimer also Upgraded VREX shares as ‘Outperform’, setting a target price of $41 on the company’s shares in a report dated February 05, 2021. JP Morgan May 13, 2020d its ‘Overweight’ rating to ‘Neutral’ for VREX, as published in its report on May 13, 2020. JP Morgan’s report from March 25, 2020 suggests a price prediction of $32 for VREX shares, giving the stock a ‘Overweight’ rating. Jefferies also rated the stock as ‘Hold’.
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Analysis of Varex Imaging Corp (VREX)
Further, the quarter-over-quarter decrease in sales is -9.95%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Varex Imaging Corp’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 6.15% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.89, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and VREX is recording an average volume of 589.62K. On a monthly basis, the volatility of the stock is set at 4.79%, whereas on a weekly basis, it is put at 4.84%, with a loss of -3.58% over the past seven days. Furthermore, long-term investors anticipate a median target price of $22.20, showing growth from the present price of $11.03, which can serve as yet another indication of whether VREX is worth investing in or should be passed over.
How Do You Analyze Varex Imaging Corp Shares?
A leading company in the Medical Devices sector, Varex Imaging Corp (VREX) is based in the USA. When comparing Varex Imaging Corp shares with other companies under Healthcare, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 16.05, there is a growth in quarterly earnings of -81.17%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 1.23%. 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 101.09% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
VREX shares are owned by institutional investors to the tune of 101.09% at present.
