Valvoline Inc (NYSE:VVV) finished Wednesday with a subtraction of -$0.1 to close at $32.01, a downside of -0.31 percent. An average of 1,375,680 shares of common stock have been traded in the last five days. There was a fall of -$0.62 in the past week, and it reached a new high 30 times over the past 12 months. The last 20 days have seen an average of 1,467,505 shares traded, while the 50-day average volume stands at 1,625,146.
VVV stock has decreased by -4.08% in the last month. The company shares reached their 1-month lowest point of $31.83 on 09/15/23. With the stock rallying to its 52-week high on 05/11/23, shares of the company touched a low of $24.40 and a high of $39.67 in 52 weeks. It has reached a new high 16 times so far this year and lost -1.96% or -$0.64 in price. In spite of this, the price is down -19.31% from the 52-week high.
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Insider Transactions
VVV stock investors should be aware that Valvoline Inc (VVV) stock had its last reported insider trading activity 28 days ago on Aug 31. In this transaction, the insider spent $68,320. SVP & Chief Technology Officer, Dobbins Robert Travis, disposed of 1,700 shares at a price of $33.53 on Aug 24. The insider now owns more than $57,001 worth of shares. Prior to that, Director Manager Vada O went on to Sale 8,651 shares at $33.54 each on Aug 21. An amount of $290,157 was transacted.
Valuation Metrics
Valvoline Inc (VVV) stock’s beta is 1.35. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.20, the price-to-book (PB) ratio at 15.56.
The company has a payout ratio of 21.26%. The company’s most recent quarterly dividend payment was $0.1250 a share, without any change from last year. Its latest increase dividend $0.0120 reported on Thursday November 12 2020.
Financial Health
The quick ratio of Valvoline Inc for the three months ended June 29 was 2.59, and the current ratio was 2.68, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 6.35 and a total debt to equity ratio of 6.43 for the quarter ending June 29. Its gross profit as reported stood at $476.4 million compared to revenue of $1.24 billion.
Earnings Surprise
For the three-month period that ended June 29, Valvoline Inc had $1.57 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 $61.6 million in the quarter, while revenues of $1.23 billion were shrunk -60.71%. The analyst consensus anticipated Valvoline Inc’s latest quarter earnings to come in at $0.36 per share, but it turned out to be $0.43, a 19.40% surprise. For the quarter, EBITDA amounted to $108.1 million. Shareholders own equity worth $138.66 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Valvoline Inc (VVV) price momentum. RSI 9-day as of the close on 27 September was 35.52%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.95%.
As of today, VVV’s price is $32.21 -1.90% or -$0.62 from its 5-day moving average. VVV is currently trading -5.21% lower than its 20-day SMA and -4.45% lower than its 100-day SMA. However, the stock’s current price level is -16.60% below the SMA50 and -0.62% below the SMA200.
The stochastic %K and %D were 17.45% and 17.98%, respectively, and the average true range (ATR) was 0.62. With the 14-day stochastic at 7.86% and the average true range at 0.65, the RSI (14) stands at 35.74%. The stock has reached -0.07 on the 9-day MACD Oscillator while the 14-day reading was at -0.28.
Analyst Ratings
The consensus rating for Valvoline Inc (VVV) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell VVV, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 5 others rate it as a “buy”.
What is VVV’s price target for the next 12 months?
Analysts predict a range of price targets between $36.00 and $47.00, with a median target of $42.00. Taking a look at these predictions, the average price target given by analysts for Valvoline Inc (VVV) stock is $41.33.
