Vertiv Holdings Co (NYSE:VRT) saw an upside of 0.88% to close Monday at $36.77 after adding $0.32 on the day. The 5-day average trading volume is 3,325,900 shares of the company’s common stock. It has gained $38.76 in the past week and touched a new high 2 times within the past 5 days. An average of 4,955,925 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,727,776.
VRT’s 1-month performance is 5.03% or -$0.73 on its low of $35.80 reached on 09/21/23. The company’s shares have touched a 52-week low of $9.48 and high of $40.41, with the stock’s rally to the 52-week high happening on 09/01/23. YTD, VRT has achieved 169.18% or $23.11 and has reached a new high 38 times. However, the current price is down -9.01% from the 52-week high price.
Insider Transactions
VRT stock investors last saw insider trading activity on Sep 08.VPE Holdings, LLC (Director) most recently sold 10,000,000 shares at $37.50 per share on Sep 08. This transaction cost the insider $375,000,000. Chief Accounting Officer, Cripps Scott, sold 36,008 shares at a price of $38.47 on Sep 07. Then, on Aug 09, Director VPE Holdings, LLC sold 20,000,000 shares at a price of $34.91 per share. This transaction amounted to $698,200,000.
Valuation Metrics
VRT stock has a beta of 1.42. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.19 while the price-to-book (PB) in the most recent quarter is 8.43.
Vertiv Holdings Co’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.64. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.84, while the total debt to equity was 1.88. In terms of profitability, the gross margin trailing 12 months is 28.75%. The trailing 12-month EBITDA margin is 9.21% while for the period ending June 29, Vertiv Holdings Co’s operating margin was 9.43%. 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 25 September was 44.42% to suggest the stock is trending Neutral, with historical volatility in this time period at 28.76%.
The stock’s 5-day moving average is $36.94, reflecting a -2.72% or -$1.03 change from its current price. VRT is currently trading -1.95% above its 20-day SMA, +146.45% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +39.54% and SMA200 by+163.96%.
Stochastic %K and %D was 16.17% and 19.21% and the average true range (ATR) pointed at 1.42. The RSI (14) points at 50.99%, while the 14-day stochastic is at 22.30% with the period’s ATR at 1.46. The stock’s 9-day MACD Oscillator is pointing at -0.84 and -1.36 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. Analysts offering their rating for VRT stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate VRT as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 10 have offered a “buy” rating.
What is VRT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $32.00 and a high of $50.00, with their median price target at $40.50. Looking at these predictions, the average price target given by analysts is for Vertiv Holdings Co (VRT) stock is $41.75.
