As of Wednesday close, National Vision Holdings Inc.’s (NASDAQ:EYE) stock was up $0.45, moving up 2.34 percent to $19.65. The average number of shares traded per day over the past five days has been 1,198,400 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.30 fall in that time frame. In the last twenty days, the average volume was 1,498,455, while in the previous 50 days, it was 1,321,740.
Since last month, EYE stock retreated -18.94%. Shares of the company fell to $18.82 on 08/15/23, the lowest level in the past month. A 52-week high of $43.82 was reached on 02/02/23 after having rallying from a 52-week low of $17.25. Since the beginning of this year, EYE’s stock price has dropped by -49.30% or -$19.11, and marked a new high 6 times. However, the stock has declined by -55.16% since its 52-week high.
EYE stock investors should be aware that National Vision Holdings Inc. (EYE) stock had its last reported insider trading activity 86 days ago on May 23. PEELER D RANDOLPH, the Director of the company, purchased of 17,609 shares for $25.73 on May 23. It resulted in a $453,080 investment by the insider. PEELER D RANDOLPH added 22,861 shares at an average price of $25.59 on May 22. The insider now owns 131,271 shares following the transaction. On May 17, Director TAYLOR THOMAS V bought 2,079 shares at $24.04 apiece. The transaction was valued at $49,979.
Valuation Metrics
Right now, National Vision Holdings Inc. (EYE) has a P/E ratio of about 56.47. The stock’s beta is 1.34. Besides these, the trailing price-to-sales (P/S) ratio of 0.75, the price-to-book (PB) ratio of 1.69, and the price-to-cash flow ratio of 49.04 may also be considered.
Financial Health
In the three months ended June 29, National Vision Holdings Inc.’s quick ratio stood at 1.00, while its current ratio was 1.40, 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 June 29 was 0.61, and the total debt-to-equity ratio was 0.62. On the profitability front, the trailing twelve-month gross margin is 53.70% percent. In the year ended June 29, EBITDA margin amounted to 8.02%, whereas operating margins totaled 2.30%. Based on annual data, EYE earned $1.08 billion in gross profit and brought in $2.01 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.90%. Return on equity (ROE) for the past 12 months was 2.90%.
In National Vision Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $555.18 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. EYE’s revenue rose 3.0% to $562.37 million during the quarter, while net income inched up to $525.34 million. While analysts expected National Vision Holdings Inc. to report $0.12 quarterly earnings, the actual figure was $0.17 per share, beating the consensus estimate by 41.70%. During the quarter, the company generated $33.66 million in EBITDA. The liabilities of National Vision Holdings Inc. were 1.43 billion at the end of its most recent quarter ended June 29, and its total debt was $1.02 billion. The value of shareholders’ equity is $78.16 million.
Technical Picture
This quick technical analysis looks at National Vision Holdings Inc.’s (EYE) price momentum. With a historical volatility rate of 36.45%, the RSI 9-day stood at 33.67% on 16 August.
With respect to its five-day moving average, the current National Vision Holdings Inc. price is down by -6.21% percent or -$1.30. At present, EYE shares trade -20.48% below its 20-day simple moving average and +12.03% percent above its 100-day simple moving average. However, the stock is currently trading approximately -24.07% below its SMA50 and -46.46% below its SMA200.
Stochastic coefficient K was 13.87% and Stochastic coefficient D was 9.78%, while ATR was 0.82. Given the Stochastic reading of 27.39% for the 14-day period, the RSI (14) reading has been calculated as 34.46%. As of today, the MACD Oscillator reading stands at -0.87, while the 14-day reading stands at -1.29.
Analyst Ratings
National Vision Holdings Inc. downgraded its rating on National Vision Holdings Inc. (NASDAQ: EYE) to an Equal weight in a note to investors on July 27, 2023. The analysts firm previously had an Overweight rating on the stock.National Vision Holdings Inc. (EYE) has been rated Overweight by analysts. According to 0 brokerage firms, EYE is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate National Vision Holdings Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $23.00, the current consensus forecast for the stock is $19.00 – $31.50. Based on these forecasts, analysts predict National Vision Holdings Inc. (EYE) will achieve an average price target of $23.86.
