Envista Holdings Corporation (NYSE:NVST) finished Thursday with a subtraction of -$0.66 to close at $32.67, a downside of -1.98 percent. An average of 4,979,220 shares of common stock have been traded in the last five days. There was a fall of -$1.60 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 2,628,175 shares traded, while the 50-day average volume stands at 2,396,628.
NVST stock has decreased by -4.61% in the last month. The company shares reached their 1-month lowest point of $32.44 on 08/10/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $31.20 and a high of $43.29 in 52 weeks. It has reached a new high 11 times so far this year and lost -2.97% or -$1.00 in price. In spite of this, the price is down -24.53% from the 52-week high.
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Insider Transactions
NVST stock investors should be aware that Envista Holdings Corporation (NVST) stock had its last reported insider trading activity 164 days ago on Feb 28. In this transaction, the insider spent $379,606. Chief Financial Officer, Yu Howard H, disposed of 657 shares at a price of $36.55 on Nov 17. The insider now owns more than $24,013 worth of shares.
Valuation Metrics
Envista Holdings Corporation (NVST) has a trailing price-to-earnings (P/E) ratio of 27.32. The stock’s beta is 1.41. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.12, the price-to-book (PB) ratio at 1.24, and the price-to-cash flow ratio at 34.08.
Financial Health
The quick ratio of Envista Holdings Corporation for the three months ended June 29 was 1.00, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.20 and a total debt to equity ratio of 0.32 for the quarter ending June 29. Envista Holdings Corporation’s EBITDA margin for the year ending June 29 is 20.76%. Its gross profit as reported stood at $1.47 billion compared to revenue of $2.57 billion.
Earnings Surprise
For the three-month period that ended June 29, Envista Holdings Corporation had $875.6 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $51.9 million in the quarter, while revenues of $43.8 million were grew 9.25%. The analyst consensus anticipated Envista Holdings Corporation’s latest quarter earnings to come in at $0.41 per share, but it turned out to be $0.43, a 4.90% surprise. For the quarter, EBITDA amounted to $120.1 million. Shareholders own equity worth $163.82 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Envista Holdings Corporation (NVST) price momentum. RSI 9-day as of the close on 10 August was 34.30%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.16%.
As of today, NVST’s price is $33.80 -4.67% or -$1.60 from its 5-day moving average. NVST is currently trading -7.71% lower than its 20-day SMA and -13.11% lower than its 100-day SMA. However, the stock’s current price level is -0.94% below the SMA50 and -3.17% below the SMA200.
The stochastic %K and %D were 26.26% and 39.05%, respectively, and the average true range (ATR) was 1.23. With the 14-day stochastic at 6.22% and the average true range at 1.12, the RSI (14) stands at 39.08%. The stock has reached -0.49 on the 9-day MACD Oscillator while the 14-day reading was at -0.87.
Analyst Ratings
Piper Sandler upgraded Envista Holdings Corporation (NYSE: NVST) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Envista Holdings Corporation (NVST) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NVST, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 9 others rate it as a “buy”.
What is NVST’s price target for the next 12 months?
Analysts predict a range of price targets between $38.00 and $46.00, with a median target of $42.00. Taking a look at these predictions, the average price target given by analysts for Envista Holdings Corporation (NVST) stock is $42.78.
