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NASDAQ:VREX

Varex Imaging (VREX) Stock Price, News & Analysis

Varex Imaging logo
$13.13
-0.22 (-1.65%)
(As of 10/31/2024 ET)

About Varex Imaging Stock (NASDAQ:VREX)

Key Stats

Today's Range
$13.06
$13.39
50-Day Range
$10.23
$13.35
52-Week Range
$10.19
$21.50
Volume
651,866 shs
Average Volume
480,962 shs
Market Capitalization
$537.02 million
P/E Ratio
18.49
Dividend Yield
N/A
Price Target
$25.50
Consensus Rating
Buy

Company Overview

Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. The company operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers. This segment's products are used in a range of applications, including CT, mammography, oncology, cardiac, surgery, dental, and other diagnostic radiography uses. The Industrial segment designs, develops, manufactures, sells, and services Linatron X-ray linear accelerators, X-ray tubes, digital detectors, high voltage connectors, and coolers for use in security and inspection applications, such as baggage screening at airports, cargo screening at ports and borders, and nondestructive testing, irradiation, and inspection in various applications. The company sells its products through imaging system original equipment manufacturers, independent service companies, and distributors, as well as directly to end-users. It has operations in North America, South America, Europe, Russia, the Middle East, India, Africa, Asia, and Australia. Varex Imaging Corporation was incorporated in 2016 and is headquartered in Salt Lake City, Utah.

Varex Imaging Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
97th Percentile Overall Score

VREX MarketRank™: 

Varex Imaging scored higher than 97% of companies evaluated by MarketBeat, and ranked 33rd out of 993 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Varex Imaging has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Varex Imaging has only been the subject of 1 research reports in the past 90 days.

  • Read more about Varex Imaging's stock forecast and price target.
  • Earnings Growth

    Earnings for Varex Imaging are expected to grow by 36.96% in the coming year, from $0.46 to $0.63 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Varex Imaging is 18.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.66.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Varex Imaging is 18.49, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 131.59.

  • Price to Book Value per Share Ratio

    Varex Imaging has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Varex Imaging's valuation and earnings.
  • Percentage of Shares Shorted

    4.33% of the outstanding shares of Varex Imaging have been sold short.
  • Short Interest Ratio / Days to Cover

    Varex Imaging has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Varex Imaging has recently increased by 18.00%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Varex Imaging does not currently pay a dividend.

  • Dividend Growth

    Varex Imaging does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    4.33% of the outstanding shares of Varex Imaging have been sold short.
  • Short Interest Ratio / Days to Cover

    Varex Imaging has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Varex Imaging has recently increased by 18.00%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Varex Imaging has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 4 news articles for Varex Imaging this week, compared to 2 articles on an average week.
  • Search Interest

    1 people have searched for VREX on MarketBeat in the last 30 days.
  • MarketBeat Follows

    Only 1 people have added Varex Imaging to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Varex Imaging insiders have bought 541.13% more of their company's stock than they have sold. Specifically, they have bought $207,097.00 in company stock and sold $32,302.00 in company stock.

  • Percentage Held by Insiders

    Only 5.20% of the stock of Varex Imaging is held by insiders.

  • Read more about Varex Imaging's insider trading history.
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VREX Stock News Headlines

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VREX Stock Analysis - Frequently Asked Questions

Varex Imaging's stock was trading at $20.50 at the beginning of 2024. Since then, VREX shares have decreased by 36.0% and is now trading at $13.13.
View the best growth stocks for 2024 here
.

Varex Imaging Co. (NASDAQ:VREX) posted its quarterly earnings results on Thursday, August, 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.05. The firm's revenue was down 10.0% compared to the same quarter last year.

Top institutional shareholders of Varex Imaging include Allspring Global Investments Holdings LLC (6.25%), Assenagon Asset Management S.A. (0.45%), Wedge Capital Management L L P NC (0.26%) and Rice Hall James & Associates LLC (0.24%). Insiders that own company stock include Shubham Maheshwari, Ruediger Naumann-Etienne, Jay K Kunkel, Kimberley E Honeysett and Sunny Sanyal.
View institutional ownership trends
.

Shares of VREX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Varex Imaging investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), Visa (V), JPMorgan Chase & Co. (JPM) and Netflix (NFLX).

Company Calendar

Last Earnings
8/01/2024
Today
10/31/2024
Next Earnings (Confirmed)
11/19/2024
Fiscal Year End
9/30/2025

Industry, Sector and Symbol

Sector
Medical
Industry
Electronic components, not elsewhere classified
Sub-Industry
Electronic Equipment
Current Symbol
NASDAQ:VREX
Fax
N/A
Employees
2,400
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$25.50
High Stock Price Target
$30.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+93.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$48.20 million
Pretax Margin
0.42%

Debt

Sales & Book Value

Annual Sales
$832.70 million
Cash Flow
$2.52 per share
Book Value
$14.38 per share

Miscellaneous

Free Float
38,773,000
Market Cap
$539.06 million
Optionable
Optionable
Beta
0.55
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This page (NASDAQ:VREX) was last updated on 10/31/2024 by MarketBeat.com Staff
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