Vertiv Holdings Co (NYSE:VRT) finished Thursday with a subtraction of -$0.67 to close at $35.01, a downside of -1.88 percent. An average of 6,545,220 shares of common stock have been traded in the last five days. There was a gain of $2.02 in the past week, and it reached a new high 34 times over the past 12 months. The last 20 days have seen an average of 9,232,365 shares traded, while the 50-day average volume stands at 6,467,320.
VRT stock has increased by 38.16% in the last month. The company shares reached their 1-month lowest point of $25.09 on 07/27/23. With the stock rallying to its 52-week high on 08/24/23, shares of the company touched a low of $9.48 and a high of $36.69 in 52 weeks. It has reached a new high 32 times so far this year and achieved 156.30% or $21.35 in price. In spite of this, the price is down -4.58% from the 52-week high.
Insider Transactions
VRT stock investors should be aware that Vertiv Holdings Co (VRT) stock had its last reported insider trading activity 16 days ago on Aug 09. In this transaction, the insider spent $698,200,000. Managing Director, E+I, O’ Doherty Philip, disposed of 1,916,824 shares at a price of $33.17 on Aug 02. The insider now owns more than $63,578,973 worth of shares. Prior to that, Managing Director, E+I O’ Doherty Philip went on to Sale 137,206 shares at $27.00 each on Jul 13. An amount of $3,704,562 was transacted.
Valuation Metrics
Vertiv Holdings Co (VRT) has a trailing price-to-earnings (P/E) ratio of 73.55. The stock’s beta is 1.39. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.02, the price-to-book (PB) ratio at 8.03, and the price-to-cash flow ratio at 36.09.
Financial Health
The quick ratio of Vertiv Holdings Co for the three months ended June 29 was 1.20, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.77 and a total debt to equity ratio of 1.78 for the quarter ending June 29. Vertiv Holdings Co’s EBITDA margin for the year ending June 29 is 9.21%, while its operating margin for the same period stands at 4.90%. Its gross profit as reported stood at $1.62 billion compared to revenue of $5.69 billion.
Earnings Surprise
For the three-month period that ended June 29, Vertiv Holdings Co had $2.93 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $83.2 million in the quarter, while revenues were grew 75.6%. The analyst consensus anticipated Vertiv Holdings Co’s latest quarter earnings to come in at $0.29 per share, but it turned out to be $0.46, a 58.60% surprise. For the quarter, EBITDA amounted to $275.1 million. Shareholders own equity worth $380.53 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Vertiv Holdings Co (VRT) price momentum. RSI 9-day as of the close on 24 August was 62.62%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.36%.
As of today, VRT’s price is $34.94 +6.12% or $2.02 from its 5-day moving average. VRT is currently trading +38.27% higher than its 20-day SMA and +144.65% higher than its 100-day SMA. However, the stock’s current price level is +55.95% above the SMA50 and +146.90% above the SMA200.
The stochastic %K and %D were 63.67% and 66.69%, respectively, and the average true range (ATR) was 1.59. With the 14-day stochastic at 54.34% and the average true range at 1.52, the RSI (14) stands at 65.79%. The stock has reached 0.69 on the 9-day MACD Oscillator while the 14-day reading was at 0.59.
Analyst Ratings
BofA Securities upgraded Vertiv Holdings Co (NYSE: VRT) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Vertiv Holdings Co (VRT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell VRT, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 10 others rate it as a “buy”.
What is VRT’s price target for the next 12 months?
Analysts predict a range of price targets between $26.00 and $41.00, with a median target of $40.00. Taking a look at these predictions, the average price target given by analysts for Vertiv Holdings Co (VRT) stock is $37.45.
