Envista Holdings Corporation (NYSE:NVST) saw an upside of 3.86% to close Monday at $34.95 after adding $1.3 on the day. The 5-day average trading volume is 3,896,860 shares of the company’s common stock. It has gained $36.14 in the past week and touched a new high 2 times within the past 5 days. An average of 2,164,190 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,211,084.
NVST’s 1-month performance is 3.59% or $1.21 on its low of $32.58 reached on 08/07/23. The company’s shares have touched a 52-week low of $31.20 and high of $43.29, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, NVST has achieved 3.80% or $1.28 and has reached a new high 11 times. However, the current price is down -19.27% from the 52-week high price.
Insider Transactions
NVST stock investors last saw insider trading activity on Feb 28.Yu Howard H (Chief Financial Officer) most recently sold 10,016 shares at $37.90 per share on Feb 28. This transaction cost the insider $379,606. Chief Financial Officer, Yu Howard H, sold 657 shares at a price of $36.55 on Nov 17.
Valuation Metrics
NVST stock has a beta of 1.41. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.27 while the price-to-book (PB) in the most recent quarter is 1.33, with the price to cash flow ratio at 36.46.
Envista Holdings Corporation’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.20, while the total debt to equity was 0.32. In terms of profitability, the gross margin trailing 12 months is 57.70%. The trailing 12-month EBITDA margin is 20.76%. The firm’s gross profit as reported stood at $1.47 billion against revenue of $2.57 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 9.25% to $51.9 million, while revenue of $43.8 million was 15.61% off the previous quarter. Analysts expected NVST to announce $0.41 per share in earnings in its latest quarter, but it posted $0.43, representing a 4.90% surprise. EBITDA for the quarter stood at more than $120.1 million. NVST stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.3 billion, with total debt at $1.53 billion. Shareholders hold equity totaling $163.82 million.
Let’s look briefly at Envista Holdings Corporation (NVST) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 55.98% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.13%.
The stock’s 5-day moving average is $34.16, reflecting a +1.57% or $0.54 change from its current price. NVST is currently trading +3.28% above its 20-day SMA, -9.62% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.48% and SMA200 by+3.46%.
Stochastic %K and %D was 39.49% and 31.10% and the average true range (ATR) pointed at 1.22. The RSI (14) points at 54.30%, while the 14-day stochastic is at 66.53% with the period’s ATR at 1.09. The stock’s 9-day MACD Oscillator is pointing at -0.12 and -0.37 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Envista Holdings Corporation (NYSE: NVST), Piper Sandler upgraded it to an Overweight rating. They previously had a Neutral rating on the stock.
