As of Wednesday close, Envista Holdings Corporation’s (NYSE:NVST) stock was down -$0.34, moving down -1.03 percent to $32.76. The average number of shares traded per day over the past five days has been 2,212,600 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.57 fall in that time frame. In the last twenty days, the average volume was 2,825,470, while in the previous 50 days, it was 2,332,200.
Since last month, NVST stock retreated -5.65%. Shares of the company fell to $32.44 on 08/10/23, the lowest level in the past month. A 52-week high of $43.29 was reached on 02/02/23 after having rallying from a 52-week low of $31.20. Since the beginning of this year, NVST’s stock price has dropped by -2.70% or -$0.91, and marked a new high 11 times. However, the stock has declined by -24.32% since its 52-week high.
NVST stock investors should be aware that Envista Holdings Corporation (NVST) stock had its last reported insider trading activity 170 days ago on Feb 28. Yu Howard H, the Chief Financial Officer of the company, disposed of 10,016 shares for $37.90 on Feb 28. It resulted in a $379,606 divestment by the insider. Yu Howard H sold 657 shares at an average price of $36.55 on Nov 17. The insider now owns 51,106 shares following the transaction.
Valuation Metrics
Right now, Envista Holdings Corporation (NVST) has a P/E ratio of about 26.40. The stock’s beta is 1.41. Besides these, the trailing price-to-sales (P/S) ratio of 2.03, the price-to-book (PB) ratio of 1.25, and the price-to-cash flow ratio of 32.87 may also be considered.
Financial Health
In the three months ended June 29, Envista Holdings Corporation’s quick ratio stood at 1.00, while its current ratio was 1.30, 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 0.20, and the total debt-to-equity ratio was 0.32. On the profitability front, the trailing twelve-month gross margin is 57.50% percent. In the year ended June 29, EBITDA margin amounted to 20.76%, whereas operating margins totaled 12.10%. Based on annual data, NVST earned $1.47 billion in gross profit and brought in $2.57 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 4.90%. Return on equity (ROE) for the past 12 months was 5.20%.
In Envista Holdings Corporation’s quarter-end financial report for June 29, it reported total debt of $875.6 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 rose 2.51% to $627.2 million during the quarter, while net income inched up to $662.4 million. While analysts expected Envista Holdings Corporation to report $0.41 quarterly earnings, the actual figure was $0.43 per share, beating the consensus estimate by 4.90%. During the quarter, the company generated $120.1 million in EBITDA. The liabilities of Envista Holdings Corporation were 2.3 billion at the end of its most recent quarter ended June 29, and its total debt was $1.53 billion. The value of shareholders’ equity is $163.82 million.
Technical Picture
This quick technical analysis looks at Envista Holdings Corporation’s (NVST) price momentum. With a historical volatility rate of 32.45%, the RSI 9-day stood at 37.24% on 16 August.
With respect to its five-day moving average, the current Envista Holdings Corporation price is down by -1.71% percent or -$0.57. At present, NVST shares trade -6.83% below its 20-day simple moving average and -13.26% percent below its 100-day simple moving average. However, the stock is currently trading approximately +0.24% above its SMA50 and -1.86% below its SMA200.
Stochastic coefficient K was 16.40% and Stochastic coefficient D was 18.83%, while ATR was 1.03. Given the Stochastic reading of 8.65% for the 14-day period, the RSI (14) reading has been calculated as 40.76%. As of today, the MACD Oscillator reading stands at -0.46, while the 14-day reading stands at -0.73.
Analyst Ratings
Piper Sandler upgraded its rating on Envista Holdings Corporation (NYSE: NVST) to an Overweight in a note to investors on August 29, 2022. The analysts firm previously had a Neutral rating on the stock.Envista Holdings Corporation (NVST) has been rated Buy by analysts. According to 0 brokerage firms, NVST is a sell, and 1 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 9 recommending it as overweight.
With a median target price of $42.00, the current consensus forecast for the stock is $38.00 – $46.00. Based on these forecasts, analysts predict Envista Holdings Corporation (NVST) will achieve an average price target of $42.78.
