V2X, Inc. (NYSE:VVX) Short Interest Update

V2X, Inc. (NYSE:VVX - Get Free Report) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 812,800 shares, a drop of 26.8% from the May 15th total of 1,110,000 shares. Based on an average daily trading volume, of 248,700 shares, the days-to-cover ratio is currently 3.3 days. Approximately 4.3% of the company's stock are sold short.

Analyst Ratings Changes

VVX has been the topic of several recent research reports. Truist Financial lowered their price target on shares of V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank Of Canada dropped their target price on V2X from $58.00 to $54.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. Morgan Stanley initiated coverage on V2X in a research report on Wednesday, April 16th. They set an "underweight" rating and a $51.00 price target for the company. Finally, Raymond James Financial lowered their price target on V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, V2X presently has an average rating of "Moderate Buy" and an average target price of $63.67.

V2X Stock Up 0.1%

VVX opened at $44.57 on Wednesday. The stock's fifty day simple moving average is $47.72 and its 200 day simple moving average is $49.21. V2X has a 1-year low of $41.08 and a 1-year high of $69.75. The stock has a market cap of $1.41 billion, a PE ratio of 34.55, a price-to-earnings-growth ratio of 0.49 and a beta of 0.21. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.05.

V2X (NYSE:VVX - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.92 by $0.06. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.04 billion. V2X had a net margin of 0.96% and a return on equity of 13.97%. The company's quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 earnings per share. As a group, research analysts expect that V2X will post 4.16 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Richard L. Jr. Caputo sold 4,000 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $44.43, for a total value of $177,720.00. Following the sale, the senior vice president now owns 15,869 shares of the company's stock, valued at $705,059.67. The trade was a 20.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.88% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VVX. State of Wyoming acquired a new position in shares of V2X in the fourth quarter valued at approximately $45,000. CWM LLC boosted its stake in V2X by 239.0% in the 1st quarter. CWM LLC now owns 990 shares of the company's stock valued at $49,000 after purchasing an additional 698 shares during the period. Whipplewood Advisors LLC grew its holdings in V2X by 4,066.7% in the 1st quarter. Whipplewood Advisors LLC now owns 1,000 shares of the company's stock valued at $49,000 after buying an additional 976 shares in the last quarter. Summit Investment Advisors Inc. increased its position in V2X by 24.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock worth $71,000 after buying an additional 288 shares during the period. Finally, Wealthquest Corp bought a new position in V2X during the 1st quarter worth $97,000. 95.18% of the stock is owned by institutional investors.

About V2X

V2X, Inc provides critical mission solutions and support services to defense clients worldwide. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian, and international clients. The company was incorporated in 2014 and is headquartered in Mclean, Virginia.

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