The stock of Vertiv Holdings Co (NYSE:VRT) increased by $0.67 on Monday to finish at $38.17, up 1.79 percent. The last five days have seen an average of 7,270,680 shares of common stock traded. 34 times new highs were reached in the current year, with a gain of $24.51. The average number of shares traded over the last 20 days was 9,550,620, while the average volume over the last 50 days totaled 6,625,178.
VRT stock appreciated 47.09% since last month. On 07/31/23, the company’s shares reached a one-month low of $25.41. The stock touched a high of $37.95 on 08/28/23, after rallying from a low of $9.48 in 52 weeks. The price of VRT stock has risen by 179.43% or $24.51 this year, reaching a new high 34 times. Still, the stock price is up 0.58% from the 52-week high.
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Insider Transactions
VRT stock investors should be aware that Vertiv Holdings Co (VRT) stock had its last reported insider trading activity 20 days ago on Aug 09. On Aug 09, Director VPE Holdings, LLC sold 20,000,000 shares at $34.91 each. This transaction resulted in the insider making $698,200,000. On Aug 02, O’ Doherty Philip sold 1,916,824 shares at a price of US$33.17. After the transaction, the insider now owns 12,324,181 shares. Managing Director, E+I O’ Doherty Philip had earlier sold 137,206 shares on Jul 13 for $27.00 a share. The transaction was completed for $3,704,562.
Valuation Metrics
Vertiv Holdings Co (VRT) has a trailing price-to-earnings (P/E) ratio of 80.19. Beta for the stock is 1.35. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.12, the price-to-book (PB) ratio of 8.75, and the price-to-cash flow ratio of 37.83.
Company paid $0.01 per share in dividends, remained unchanged from $0.01 last year.
Financial Health
For the three months ended June 30, Vertiv Holdings Co’s quick ratio was 1.20, while its current ratio was 1.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 30 is 1.77, and the total debt to equity ratio is 1.78. As far as profitability goes, gross margin for the trailing twelve months is 31.80% percent. Vertiv Holdings Co’s EBITDA margin for the year ended June 30 was 9.21%, whereas its operating margin stood at 4.90% for the same period. Based on annual data, it had gross profit of $1.62 billion and revenue of $5.69 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. VRT’s return on assets (ROA) during the last 12 months has been 2.60%. There was a 1.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.30%.
Earnings Surprise
According to Vertiv Holdings Co’s quarterly financial report for the quarter that ended June 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.73 billion, while revenues rose by 19.3% to $1.52 billion. It was predicted that Vertiv Holdings Co’s quarterly earnings would be $0.46, but it ended up being $0.29, beating the consensus by 58.60%. EBITDA was $275.1 million for the quarter. At the end of Vertiv Holdings Co’s most recent quarter ended June 30, its liabilities totaled 5.6 billion, while its total debt was $3.12 billion. Equity owned by shareholders amounts to $380.53 million.
Technical Picture
Here’s a quick look at Vertiv Holdings Co’s (VRT) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 75.49%, suggesting the stock is Overbought, with a 46.63% historical volatility rate.
The stochastic %K and %D were 80.09% and 72.68% respectively, while the average true range (ATR) was 1.70. Based on the 14-day stochastic reading of 94.02%, the RSI (14) reading is 74.20%. On the 9-day MACD Oscillator, the stock is at 1.66, and the 14-day reading is at 1.99.
Analyst Ratings
In its most recent analyst report, BofA Securities raised its rating on Vertiv Holdings Co (NYSE: VRT) to a Buy. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned Vertiv Holdings Co (VRT) an Buy rating. VRT is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 10 others recommend it as a buy.
What is VRT’s price target for the next 12 months?
The current consensus forecast for the stock is between $26.00 and $49.00, with a median target price of $40.00. In analyzing these forecasts, the average price target given by analysts for Vertiv Holdings Co (VRT) is $38.18.
