Varex Imaging Corporation (NASDAQ:VREX) went down by -0.07% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Medical Devices giant went up by $14.94 to trade ended Thursday trading at $14.95. This is down from the $14.95 price recorded on Wednesday’s trading session. Thanks to this latest performance, VREX is closer to the higher price 52-week target of $40.00 and further from the lowest price target of $25.00. Its performance from the start of the year has also been negative, with VREX down by -49.88% year-to-date.
Varex Imaging Corporation (VREX) started the day trading at $15.27 and recorded an intraday high of $15.27. It also recorded an intraday low of $14.76 during Thursday’s trading session. Varex Imaging Corporation is a very active stock that recorded a trading volume that is less than -77.41% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 336721, which is less than -77.41 of the total average daily trading volume of 597.39K.
Varex Imaging Corporation (NASDAQ:VREX) 2020 Performance Impressive
The increase in VREX’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of VREX currently stands at $33.00, which is higher than the current trading price of the stock by 54.73%. However, VREX’s current trading price is -4.7% lower than the 52-week low price of $14.27. In terms of trading volume, Varex Imaging Corporation currently experienced healthy participation during the last trading session. 336721 shares of Varex Imaging Corporation were traded on the stock exchange on Thursday, which is less than -77.41% of the 597.39K average trading volume of the stock.
The performance of the stock has been positive over the past year. VREX’s performance over the past one year has seen it plunge by -51.38%, while the stock has gone down by -50.98% in the last six months. The quarterly performance of VREX currently stands at -30.64%, and it is down by -24.12% in the last month. The only negative figure was from the weekly performance, which currently reads -1.58%. At the time of writing VREX’s report, the company has a total market cap of $617.02M, making it one of the largest publicly-traded companies in the world.Varex Imaging Corporation also has over 2000 employees all over the world.
VREX Insider Activities
For Varex Imaging Corporation, insiders hold 95.30% of all company shares. The insider transactions over the past six months are down by -293.30%. During that period, insiders bought 88,045 shares in 24 transactions. In that same period, insiders sold 37,209 of their shares in 11 transactions. After these transactions, insiders at Varex Imaging Corporation now hold 184.94k shares, which is over 96.43% of the total company stocks. Institutional investors currently hold a large chunk of the VREX shares, as they control 0.47% of the company’s total stock.
VREX Fundamental Analysis
For Varex Imaging Corporation, the stock’s diluted earnings per share (EPS) stands at 0.09. In the coming year, analysts expect the EPS to be 1.06. The EPS growth will up over the next five years to 5.00% after plunging by -32.90% in the previous five years. In terms of revenue, Varex Imaging Corporation’s quarterly sales (YOY) is shrinking at -0.01, which is higher than the average annual revenue of -32.90% over the past half a decade.
The Return on Investment (ROI) on Varex Imaging Corporation’s stock currently stands at 4.80%, and it has a net profit margin of 0.40%. The operating margin of the company is 3.40%, and its gross margin is 31.70%.
VREX Analysts Prediction
In May 13, 2020, several analysts reiterated their positions on the Varex Imaging Corporation stock and predicted its performance to their investors. The analysts at JP Morgan believe VREX is still a Neutral and set the price target between $32 and $25.
Sidoti and Jefferies also believe that Varex Imaging Corporation’s stock is outperforming at the moment.
At the moment, Varex Imaging Corporation’s Total Debt to Equity ratio stands at 0.85, and they have a long-term Debt to Equity ratio of 0.78.
VREX Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of VREX currently stands at -6.02%, while the SMA50 is -22.99%. The biggest one is the SMA200, which is currently reading -41.20% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 34.64, while its price to earnings ratio (P/E) is 171.72.