Vertiv Holdings Co (NYSE:VRT) saw an upside of 3.24% to close Monday at $35.07 after adding $1.1 on the day. The 5-day average trading volume is 6,121,620 shares of the company’s common stock. It has gained $35.24 in the past week and touched a new high 3 times within the past 5 days. An average of 8,885,300 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,385,286.
VRT’s 1-month performance is 36.57% or $9.39 on its low of $25.09 reached on 07/27/23. The company’s shares have touched a 52-week low of $9.48 and high of $36.69, with the stock’s rally to the 52-week high happening on 08/09/23. YTD, VRT has achieved 156.73% or $21.41 and has reached a new high 31 times. However, the current price is down -4.42% from the 52-week high price.
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Insider Transactions
VRT stock investors last saw insider trading activity on Aug 09.VPE Holdings, LLC (Director) most recently sold 20,000,000 shares at $34.91 per share on Aug 09. This transaction cost the insider $698,200,000. Managing Director, E+I, O’ Doherty Philip, sold 1,916,824 shares at a price of $33.17 on Aug 02. Then, on Jul 13, Managing Director, E+I O’ Doherty Philip sold 137,206 shares at a price of $27.00 per share. This transaction amounted to $3,704,562.
Valuation Metrics
VRT stock has a beta of 1.37. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.03 while the price-to-book (PB) in the most recent quarter is 8.04, with the price to cash flow ratio at 36.15.
Vertiv Holdings Co’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.60. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.77, while the total debt to equity was 1.78. In terms of profitability, the gross margin trailing 12 months is 31.80%. The firm’s gross profit as reported stood at $1.62 billion against revenue of $5.69 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 75.6% to $83.2 million, while revenue of $50.3 million was 39.54% off the previous quarter. Analysts expected VRT to announce $0.29 per share in earnings in its latest quarter, but it posted $0.46, representing a 58.60% surprise. EBITDA for the quarter stood at more than $275.1 million. VRT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 5.6 billion, with total debt at $3.12 billion. Shareholders hold equity totaling $380.53 million.
Let’s look briefly at Vertiv Holdings Co (VRT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 66.80% to suggest the stock is trending Neutral, with historical volatility in this time period at 42.69%.
The stock’s 5-day moving average is $34.10, reflecting a +1.42% or $0.49 change from its current price. VRT is currently trading +36.04% above its 20-day SMA, +165.48% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +70.41% and SMA200 by+136.32%.
Stochastic %K and %D was 70.43% and 72.47% and the average true range (ATR) pointed at 1.57. The RSI (14) points at 68.75%, while the 14-day stochastic is at 68.36% with the period’s ATR at 1.49. The stock’s 9-day MACD Oscillator is pointing at -0.13 and -0.54 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Vertiv Holdings Co (NYSE: VRT), BofA Securities upgraded it to a Buy rating. They previously had an Underperform rating on the stock.
