While Varex Imaging Corp has underperformed by -1.65%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VREX fell by -27.26%, with highs and lows ranging from $21.50 to $10.19, whereas the simple moving average fell by -12.50% 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.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Varex Imaging Corp’s future performance, with equity being one of the most critical indicators. 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and VREX is recording an average volume of 681.06K. On a monthly basis, the volatility of the stock is set at 3.76%, whereas on a weekly basis, it is put at 3.11%, with a gain of 2.42% over the past seven days. Furthermore, long-term investors anticipate a median target price of $22.20, showing growth from the present price of $13.13, 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?
Varex Imaging Corp (VREX) is based in the USA and is one of the most prominent companies operating in the Medical Devices market. 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 19.10, there is a growth in quarterly earnings of -81.17%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 103.70% 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 103.70% at present.
