The stock of Envista Holdings Corporation (NYSE:NVST) decreased by -$0.16 on Wednesday to $32.94, down -0.48 percent. The last five days have seen an average of 1,088,536 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$0.69. The average number of shares traded over the last 20 days was 2,534,429, while the average volume over the last 50 days totaled 2,102,504.
NVST stock dropped -3.15% since last month. On 08/24/23, the company’s shares reached a one-month low of $31.79. The stock touched a high of $43.29 on 02/02/23, after rallying from a low of $31.20 in 52 weeks. The price of NVST stock has declined by -2.17% or -$0.69 this year, reaching a new high 11 times. Still, the stock price is down -23.91% from the 52-week high.
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Insider Transactions
NVST stock investors should be aware that Envista Holdings Corporation (NVST) stock had its last reported insider trading activity 183 days ago on Feb 28. On Feb 28, Chief Financial Officer Yu Howard H sold 10,016 shares at $37.90 each. This transaction resulted in the insider making $379,606. On Nov 17, Yu Howard H sold 657 shares at a price of US$36.55. After the transaction, the insider now owns 51,106 shares.
Valuation Metrics
Envista Holdings Corporation (NVST) has a trailing price-to-earnings (P/E) ratio of 26.54. Beta for the stock is 1.42. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.06, the price-to-book (PB) ratio of 1.25, and the price-to-cash flow ratio of 33.26.
Financial Health
For the three months ended June 29, Envista Holdings Corporation’s quick ratio was 1.00, while its current ratio was 1.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.20, and the total debt to equity ratio is 0.32. As far as profitability goes, gross margin for the trailing twelve months is 57.50% percent. Envista Holdings Corporation’s EBITDA margin for the year ended June 29 was 20.76%, whereas its operating margin stood at 12.10% for the same period. Based on annual data, it had gross profit of $1.47 billion and revenue of $2.57 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NVST’s return on assets (ROA) during the last 12 months has been 3.30%. There was a 4.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.20%.
Earnings Surprise
According to Envista Holdings Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $662.4 million, while revenues rose by 2.51% to $627.2 million. It was predicted that Envista Holdings Corporation’s quarterly earnings would be $0.43, but it ended up being $0.41, beating the consensus by 4.90%. EBITDA was $120.1 million for the quarter. At the end of Envista Holdings Corporation’s most recent quarter ended June 29, its liabilities totaled 2.3 billion, while its total debt was $1.53 billion. Equity owned by shareholders amounts to $163.82 million.
Technical Picture
Here’s a quick look at Envista Holdings Corporation’s (NVST) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 49.35%, suggesting the stock is Neutral, with a 21.75% historical volatility rate.
The stochastic %K and %D were 53.02% and 37.15% respectively, while the average true range (ATR) was 0.84. Based on the 14-day stochastic reading of 64.32%, the RSI (14) reading is 47.42%. On the 9-day MACD Oscillator, the stock is at 0.23, and the 14-day reading is at 0.13.
Analyst Ratings
In its most recent analyst report, Piper Sandler raised its rating on Envista Holdings Corporation (NYSE: NVST) to an Overweight. Prior to this, analysts firm rated the stock as a Neutral.
