As of Friday close, Vital Farms Inc.’s (NASDAQ:VITL) stock was up $0.53, moving up 4.42 percent to $12.51. The average number of shares traded per day over the past five days has been 616,340 shares. 2 times new highs have been achieved over the past 5 days, with a $0.50 gain in that time frame. In the last twenty days, the average volume was 580,915, while in the previous 50 days, it was 483,888.
Since last month, VITL stock rose 14.56%. Shares of the company fell to $10.43 on 08/02/23, the lowest level in the past month. A 52-week high of $18.18 was reached on 01/20/23 after having rallying from a 52-week low of $10.00. Since the beginning of this year, VITL’s stock price has dropped by -16.15% or -$2.41, and marked a new high 9 times. However, the stock has declined by -31.19% since its 52-week high.
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Valuation Metrics
Right now, Vital Farms Inc. (VITL) has a P/E ratio of about 33.63. The stock’s beta is 0.55. Besides these, the trailing price-to-sales (P/S) ratio of 1.21, the price-to-book (PB) ratio of 2.91, and the price-to-cash flow ratio of 147.30 may also be considered.
Financial Health
In the three months ended June 29, Vital Farms Inc.’s quick ratio stood at 2.50, while its current ratio was 3.30, 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 0.04, and the total debt-to-equity ratio was 0.04. On the profitability front, the trailing twelve-month gross margin is 33.50% percent. In the year ended June 29, EBITDA margin amounted to 2.60%, whereas operating margins totaled 5.70%. Based on annual data, VITL earned $109.44 million in gross profit and brought in $362.05 million 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 0.30%. Return on equity (ROE) for the past 12 months was 10.00%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. VITL’s revenue rose 22.15% to $119.17 million during the quarter, while net income inched up to $106.45 million. While analysts expected Vital Farms Inc. to report $0.07 quarterly earnings, the actual figure was $0.15 per share, beating the consensus estimate by 114.30%. During the quarter, the company generated $10.75 million in EBITDA. The liabilities of Vital Farms Inc. were 60.28 million at the end of its most recent quarter ended June 29, and its total debt was $9.2 million. The value of shareholders’ equity is $41.24 million.
Technical Picture
This quick technical analysis looks at Vital Farms Inc.’s (VITL) price momentum. With a historical volatility rate of 50.99%, the RSI 9-day stood at 60.52% on 18 August.
With respect to its five-day moving average, the current Vital Farms Inc. price is up by +4.16% percent or $0.50. At present, VITL shares trade +17.13% above its 20-day simple moving average and -18.13% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.42% below its SMA50 and -5.51% below its SMA200.
Stochastic coefficient K was 43.12% and Stochastic coefficient D was 35.79%, while ATR was 0.88. Given the Stochastic reading of 51.74% for the 14-day period, the RSI (14) reading has been calculated as 56.68%. As of today, the MACD Oscillator reading stands at 0.24, while the 14-day reading stands at 0.27.
Analyst Ratings
Vital Farms Inc. (VITL) has been rated Overweight by analysts. According to 0 brokerage firms, VITL 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 Vital Farms Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $19.00, the current consensus forecast for the stock is $15.00 – $22.00. Based on these forecasts, analysts predict Vital Farms Inc. (VITL) will achieve an average price target of $18.67.
