Are Things Looking Up For Varex Imaging Corp (NASDAQ: VREX)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Yahoo Finance discussed the stock recently as it posted Varex Announces Financial Results for First Quarter Fiscal Year 2024.

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Stocks Info

The company is listed on the NASDAQ and operates within the Medical Devices industry segment. At the end of the last regular session, the stock closed at $19.44 and fluctuated between $19.91 as its day high and $19.08 as its day low. The current market capitalization of Varex Imaging Corp is $787.90M. A total of 0.83 million shares were traded on the day, compared to an average of 385.76K shares.

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, VREX has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 19 BUYs and 8 SELLs from insiders. Insiders purchased 131,263 shares during that period but sold 44,080.

In the most recent transaction, Honeysett Kimberley E. sold 6,174 shares of VREX for 19.72 per share on Nov 22. After the transaction, the SVP and General Counsel now owns 0 company shares. In a previous transaction on May 08, Kunkel Jay K. sold 9,120 shares at 21.90 per share. VREX shares that Director owns now total 11,598.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for VREX in the last 3 months, the mean price target is $28.25 with high estimates of $36.00 and low estimates of $21.00. In terms of 52-week highs and lows, VREX has a high of $23.90 and a low of $17.05.

As of this writing, VREX has an earnings estimate of $Trex Company, Inc. per share for the current quarter. EPS was calculated based on a consensus of Vertex Pharmaceuticals Incorpor estimates, with a high estimate of $Creative Realities, Inc. per share and a lower estimate of $Varex Imaging Corporation.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. VREX’s latest balance sheet shows that the firm has $144.60M in Cash & Short Term Investments as of fiscal 2021. There were $459.40M in debt and $166.60M in liabilities at the time. Its Book Value Per Share was $14.01, while its Total Shareholder’s Equity was $496.50M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VREX is Buy with a score of 4.00.

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