Vestis Corp (NYSE: VSTS) stock fell -1.64% on Monday to $16.18 against a previous-day closing price of $16.45. With 3.24 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.06 million shares. During the session, the Rental & Leasing Services company that operates in wider Industrials sector, reached to the highest price of $16.47 whereas the lowest price it dropped to was $16.12. The 52-week range on VSTS shows that it touched its highest point at $20.25 and its lowest point at $13.83 during that stretch. It currently has a 1-year price target of $22.00.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VSTS was down-trending over the past week, with a drop of -0.86%, but this was up by 11.51% over a month.
Float and Shares Shorts:
At present, 131.00 million VSTS shares are outstanding with a float of 130.50 million shares on hand for trading. On Oct 30, 2023, short shares totaled 5.84 million, which was 5.02% higher than short shares on . In addition to Ms. Kimberly T. Scott as the firm’s President, CEO & Director, Mr. Ricky T. Dillon serves as its Executive VP & CFO.
Other institutions hold 19.02% of VSTS, in contrast to 0.39% held by mutual funds. Shares owned by individuals account for -6.58%. As the largest shareholder in VSTS with 7.90% of the stake, BlackRock Fund Advisors holds 10,331,209 shares worth 10,331,209. A second-largest stockholder of VSTS, Geode Capital Management LLC, holds 1,922,192 shares, controlling over 1.47% of the firm’s shares. Soros Fund Management LLC is the third largest shareholder in VSTS, holding 762,360 shares or 0.58% stake. With a 3.12% stake in VSTS, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 4,083,385 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 3.08% of VSTS stock, is the second-largest Mutual Fund holder. It holds 4,030,869 shares valued at 61.63 million. Vanguard Small Cap Index Fund holds 2.57% of the stake in VSTS, owning 3,360,703 shares worth 51.39 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VSTS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With VSTS analysts setting a high price target of $29.00 and a low target of $17.00, the average target price over the next 12 months is $22.00. Based on these targets, VSTS could surge 79.23% to reach the target high and rise by 5.07% to reach the target low. Reaching the average price target will result in a growth of 35.97% from current levels.