Vertiv Holdings Co (NYSE:VRT) finished Thursday with an addition of $0.82 to close at $37.00, an upside of 2.27 percent. An average of 4,331,080 shares of common stock have been traded in the last five days. There was a gain of $0.68 in the past week, and it reached a new high 43 times over the past 12 months. The last 20 days have seen an average of 4,919,830 shares traded, while the 50-day average volume stands at 6,744,108.
VRT stock has decreased by -4.44% in the last month. The company shares reached their 1-month lowest point of $35.49 on 09/26/23. With the stock rallying to its 52-week high on 09/01/23, shares of the company touched a low of $9.48 and a high of $40.41 in 52 weeks. It has reached a new high 38 times so far this year and achieved 170.86% or $23.34 in price. In spite of this, the price is down -8.44% from the 52-week high.
Insider Transactions
VRT stock investors should be aware that Vertiv Holdings Co (VRT) stock had its last reported insider trading activity 21 days ago on Sep 08. In this transaction, the insider spent $375,000,000. Chief Accounting Officer, Cripps Scott, disposed of 36,008 shares at a price of $38.47 on Sep 07. The insider now owns more than $1,385,188 worth of shares. Prior to that, Director VPE Holdings, LLC went on to Sale 20,000,000 shares at $34.91 each on Aug 09. An amount of $698,200,000 was transacted.
Valuation Metrics
Vertiv Holdings Co (VRT) has a trailing price-to-earnings (P/E) ratio of 79.57. The stock’s beta is 1.42. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.20, the price-to-book (PB) ratio at 8.49.
Financial Health
The quick ratio of Vertiv Holdings Co for the three months ended June 29 was 1.20, and the current ratio was 1.64, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.84 and a total debt to equity ratio of 1.88 for the quarter ending June 29. Its gross profit as reported stood at $1.62 billion compared to revenue of $5.69 billion.
Earnings Surprise
For the three-month period that ended June 29, Vertiv Holdings Co had $2.93 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 $83.2 million in the quarter, while revenues were grew 75.6%. The analyst consensus anticipated Vertiv Holdings Co’s latest quarter earnings to come in at $0.29 per share, but it turned out to be $0.46, a 58.60% surprise. For the quarter, EBITDA amounted to $275.1 million. Shareholders own equity worth $380.53 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Vertiv Holdings Co (VRT) price momentum. RSI 9-day as of the close on 28 September was 49.93%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.08%.
As of today, VRT’s price is $36.38 +1.87% or $0.68 from its 5-day moving average. VRT is currently trading -4.86% lower than its 20-day SMA and +147.00% higher than its 100-day SMA. However, the stock’s current price level is +38.63% above the SMA50 and +171.26% above the SMA200.
The stochastic %K and %D were 17.08% and 14.10%, respectively, and the average true range (ATR) was 1.43. With the 14-day stochastic at 35.78% and the average true range at 1.46, the RSI (14) stands at 52.54%. The stock has reached -0.57 on the 9-day MACD Oscillator while the 14-day reading was at -1.03.
Analyst Ratings
BofA Securities upgraded Vertiv Holdings Co (NYSE: VRT) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Vertiv Holdings Co (VRT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell VRT, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 10 others rate it as a “buy”.
