You Should Know These Things About Envista Holdings Corporation (NVST)

As of Wednesday close, Envista Holdings Corporation’s (NYSE:NVST) stock was up $0.27, moving up 0.75 percent to $36.30. The average number of shares traded per day over the past five days has been 1,762,300 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.79 fall in that time frame. In the last twenty days, the average volume was 1,662,215, while in the previous 50 days, it was 1,752,140.

Since last month, NVST stock retreated -13.63%. Shares of the company fell to $35.24 on 06/16/22, the lowest level in the past month. A 52-week high of $52.03 was reached on 03/29/22 after having rallying from a 52-week low of $35.24. Since the beginning of this year, NVST’s stock price has dropped by -19.44% or -$8.76, and marked a new high 10 times. However, the stock has declined by -30.23% since its 52-week high.

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Envista Holdings Corporation (NVST) last reported insider trading activity 66 days ago on Apr 18. Yu Howard H, the Chief Financial Officer of the company, disposed of 5,341 shares for $45.73 on Apr 18. It resulted in a $244,244 divestment by the insider. Aghdaei Amir sold 10,538 shares at an average price of $51.66 on Mar 29. The insider now owns 364,779 shares following the transaction. On Mar 21, Chief Executive Officer Aghdaei Amir sold 114,702 shares at $50.85 apiece. The transaction was valued at $5,832,596.

Valuation Metrics

Right now, Envista Holdings Corporation (NVST) has a P/E ratio of about 23.87. Besides these, the trailing price-to-sales (P/S) ratio of 2.34, the price-to-book (PB) ratio of 1.46.

Financial Health

In the three months ended March 30, Envista Holdings Corporation’s quick ratio stood at 1.30, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.22, and the total debt-to-equity ratio was 0.34. On the profitability front, the trailing twelve-month gross margin is 58.80% percent. Based on annual data, NVST earned $1.43 billion in gross profit and brought in $2.51 billion in revenue.

In Envista Holdings Corporation’s quarter-end financial report for March 30, it reported total debt of $876.9 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NVST’s revenue fell -12.32% to $452.3 million during the quarter, while net income inched up to $631.4 million. While analysts expected Envista Holdings Corporation to report $0.43 quarterly earnings, the actual figure was $0.47 per share, beating the consensus estimate by 9.30%. During the quarter, the company generated $130.2 million in EBITDA. The liabilities of Envista Holdings Corporation were 2.54 billion at the end of its most recent quarter ended March 30, and its total debt was $1.46 billion. The value of shareholders’ equity is $162.62 million.

Technical Picture

This quick technical analysis looks at Envista Holdings Corporation’s (NVST) price momentum. With a historical volatility rate of 25.08%, the RSI 9-day stood at 26.83% on 22 June.

With respect to its five-day moving average, the current Envista Holdings Corporation price is down by -2.13% percent or -$0.79. At present, NVST shares trade -14.35% below its 20-day simple moving average and -12.32% percent below its 100-day simple moving average. However, the stock is currently trading approximately -21.31% below its SMA50 and -16.30% below its SMA200.

Stochastic coefficient K was 8.43% and Stochastic coefficient D was 6.22%, while ATR was 1.39. Given the Stochastic reading of 12.18% for the 14-day period, the RSI (14) reading has been calculated as 30.54%. As of today, the MACD Oscillator reading stands at -1.50, while the 14-day reading stands at -3.56.

Analyst Ratings

Envista Holdings Corporation downgraded its rating on Envista Holdings Corporation (NYSE: NVST) to a Neutral in a note to investors on June 14, 2022. The analysts firm previously had an Outperform rating on the stock.Envista Holdings Corporation (NVST) has been rated Buy by analysts. According to 0 brokerage firms, NVST is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Envista Holdings Corporation stock as buy, with 8 recommending it as overweight.


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