The stock of Valvoline Inc. (NYSE:VVV) increased by $0.44 on Wednesday to $34.21, up 1.29 percent. The last five days have seen an average of 1,048,486 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $1.57. The average number of shares traded over the last 20 days was 1,863,911, while the average volume over the last 50 days totaled 1,697,977.
VVV stock dropped -8.79% since last month. On 08/24/23, the company’s shares reached a one-month low of $33.09. The stock touched a high of $39.67 on 05/11/23, after rallying from a low of $24.40 in 52 weeks. The price of VVV stock has risen by 4.76% or $1.57 this year, reaching a new high 16 times. Still, the stock price is down -13.78% from the 52-week high.
Insider Transactions
VVV stock investors should be aware that Valvoline Inc. (VVV) stock had its last reported insider trading activity 1 day ago on Aug 29. On Aug 29, SVP and Pres., Retail Services Flees Lori Ann acquired 8,879 shares at $33.76 each. This transaction resulted in the insider spending $299,742. On Aug 28, Meixelsperger Mary E added 6,000 shares at a price of US$33.55. After the transaction, the insider now owns 116,219 shares. SVP & Chief Technology Officer Dobbins Robert Travis had earlier sold 1,700 shares on Aug 24 for $33.53 a share. The transaction was completed for $57,001.
Valuation Metrics
Valvoline Inc. (VVV) has a trailing price-to-earnings (P/E) ratio of 42.18. 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 3.37, the price-to-book (PB) ratio of 19.32.
Company paid $0.1250 per share in dividends, remained unchanged from $0.1250 last year. A $0.0120 dividend increase was reported on Thursday November 12 2020.
Financial Health
For the three months ended June 29, Valvoline Inc.’s quick ratio was 2.60, while its current ratio was 2.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 5.49, and the total debt to equity ratio is 5.58. As far as profitability goes, gross margin for the trailing twelve months is 37.80% percent. Based on annual data, it had gross profit of $476.4 million and revenue of $1.24 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 8.00% return on investment (ROI) in the past year.
Earnings Surprise
According to Valvoline Inc.’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 $375.7 million, while revenues fell by -154.72% to $344.5 million. It was predicted that Valvoline Inc.’s quarterly earnings would be $0.43, but it ended up being $0.36, beating the consensus by 19.40%. EBITDA was $108.1 million for the quarter. At the end of Valvoline Inc.’s most recent quarter ended June 29, its liabilities totaled 2.7 billion, while its total debt was $2.1 billion. Equity owned by shareholders amounts to $138.66 million.
Technical Picture
Here’s a quick look at Valvoline Inc.’s (VVV) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 48.14%, suggesting the stock is Neutral, with a 14.92% historical volatility rate.
The stochastic %K and %D were 29.97% and 16.13% respectively, while the average true range (ATR) was 0.70. Based on the 14-day stochastic reading of 58.21%, the RSI (14) reading is 42.46%. On the 9-day MACD Oscillator, the stock is at 0.17, and the 14-day reading is at -0.03.
Analyst Ratings
In its analyst report released on June 23, 2023, Stephens began covering Valvoline Inc. (NYSE: VVV). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Valvoline Inc. (VVV) an Overweight rating. VVV is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 4 others recommend it as a buy.
What is VVV’s price target for the next 12 months?
The current consensus forecast for the stock is between $36.00 and $47.00, with a median target price of $43.00. In analyzing these forecasts, the average price target given by analysts for Valvoline Inc. (VVV) is $41.86.
