Varex Imaging Corp Stock Buy Hold or Sell Recommendation
VREX Stock | USD 17.18 0.22 1.26% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Varex Imaging Corp is 'Strong Hold'. Macroaxis provides Varex Imaging buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding VREX positions. The advice algorithm takes into account all of Varex Imaging's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Varex Imaging's buy or sell advice are summarized below:
Real Value 22.11 | Target Price 36.25 | Hype Value 17.2 | Market Value 17.18 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Varex Imaging Corp given historical horizon and risk tolerance towards Varex Imaging. When Macroaxis issues a 'buy' or 'sell' recommendation for Varex Imaging Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
Varex |
Execute Varex Imaging Buy or Sell Advice
The Varex recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Varex Imaging Corp. Macroaxis does not own or have any residual interests in Varex Imaging Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Varex Imaging's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Varex Imaging Trading Alerts and Improvement Suggestions
Varex Imaging Corp generated a negative expected return over the last 90 days | |
Varex Imaging Corp has a strong financial position based on the latest SEC filings | |
Over 95.0% of the company outstanding shares are owned by institutional investors | |
Latest headline from finance.yahoo.com: Varex Announces Closing of Revolving Credit Facility of 155 Million |
Varex Imaging Returns Distribution Density
The distribution of Varex Imaging's historical returns is an attempt to chart the uncertainty of Varex Imaging's future price movements. The chart of the probability distribution of Varex Imaging daily returns describes the distribution of returns around its average expected value. We use Varex Imaging Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Varex Imaging returns is essential to provide solid investment advice for Varex Imaging.
Mean Return | -0.24 | Value At Risk | -3.06 | Potential Upside | 2.26 | Standard Deviation | 1.86 |
Return Density |
Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Varex Imaging historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Varex Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Varex Imaging is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Varex Imaging Corp backward and forwards among themselves. Varex Imaging's institutional investor refers to the entity that pools money to purchase Varex Imaging's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Goldman Sachs Group Inc | 2023-12-31 | 927.5 K | Geode Capital Management, Llc | 2023-12-31 | 864.6 K | Millennium Management Llc | 2023-12-31 | 857.3 K | Alecta Pensionsforsakring, Omsesidigt | 2023-12-31 | 800 K | Bank Of America Corp | 2023-12-31 | 690.2 K | Wells Fargo & Co | 2023-12-31 | 663.5 K | Royce & Associates, Lp | 2023-12-31 | 598.4 K | Charles Schwab Investment Management Inc | 2023-12-31 | 529.2 K | Two Sigma Investments Llc | 2023-12-31 | 499.3 K | Blackrock Inc | 2023-12-31 | 7.7 M | Vanguard Group Inc | 2023-12-31 | 4.6 M |
Varex Imaging Cash Flow Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Change To Inventory | (42.7M) | 42.8M | (85M) | 20.2M | 23.2M | 24.4M | |
Change In Cash | 70.8M | 44M | (55.5M) | 63.4M | 72.9M | 76.6M | |
Free Cash Flow | (10.3M) | 77.5M | (4.4M) | 87.7M | 78.9M | 43.4M | |
Depreciation | 39.5M | 37.3M | 33.6M | 33.2M | 38.2M | 30.0M | |
Other Non Cash Items | 34.7M | 18.3M | 25.9M | 29.2M | 33.6M | 35.3M | |
Capital Expenditures | 23.5M | 15.1M | 21.3M | 20.7M | 18.6M | 17.1M | |
Net Income | (57.4M) | 17.9M | 30.8M | 48.7M | 43.8M | 36.8M | |
End Period Cash Flow | 102.1M | 146.1M | 90.6M | 154M | 177.1M | 186.0M | |
Investments | (93.2M) | (26.9M) | (1.4M) | (44.9M) | (51.6M) | (54.2M) | |
Net Borrowings | (1.6M) | 109.9M | (31.6M) | (29.4M) | (26.5M) | (25.1M) | |
Dividends Paid | 500K | (53.1M) | (1.3M) | (2.8M) | (2.5M) | (2.4M) | |
Change To Netincome | 14.6M | 43.3M | 22.2M | 30.1M | 34.6M | 18.7M | |
Change Receivables | 14.8M | 17.7M | (32.9M) | (18.1M) | (16.3M) | (15.5M) |
Varex Imaging Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Varex Imaging or Health Care Equipment & Supplies sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Varex Imaging's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Varex stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.3 | |
β | Beta against NYSE Composite | 1.14 | |
σ | Overall volatility | 1.88 | |
Ir | Information ratio | -0.16 |
Varex Imaging Volatility Alert
Varex Imaging Corp exhibits very low volatility with skewness of -1.81 and kurtosis of 7.36. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Varex Imaging's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Varex Imaging's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Varex Imaging Fundamentals Vs Peers
Comparing Varex Imaging's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Varex Imaging's direct or indirect competition across all of the common fundamentals between Varex Imaging and the related equities. This way, we can detect undervalued stocks with similar characteristics as Varex Imaging or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Varex Imaging's fundamental indicators could also be used in its relative valuation, which is a method of valuing Varex Imaging by comparing valuation metrics with those of similar companies.
Better Than Average | Worse Than Average | Compare Varex Imaging to competition |
Fundamentals | Varex Imaging | Peer Average |
Return On Equity | 0.0814 | -0.31 |
Return On Asset | 0.0352 | -0.14 |
Profit Margin | 0.05 % | (1.27) % |
Operating Margin | 0.02 % | (5.51) % |
Current Valuation | 997.54 M | 16.62 B |
Shares Outstanding | 40.62 M | 571.82 M |
Shares Owned By Insiders | 4.91 % | 10.09 % |
Shares Owned By Institutions | 95.09 % | 39.21 % |
Number Of Shares Shorted | 4.58 M | 4.71 M |
Price To Earning | 33.13 X | 28.72 X |
Price To Book | 1.23 X | 9.51 X |
Price To Sales | 0.80 X | 11.42 X |
Revenue | 893.4 M | 9.43 B |
Gross Profit | 283.5 M | 27.38 B |
EBITDA | 60.6 M | 3.9 B |
Net Income | 48.7 M | 570.98 M |
Cash And Equivalents | 99.6 M | 2.7 B |
Cash Per Share | 2.50 X | 5.01 X |
Total Debt | 469.5 M | 5.32 B |
Debt To Equity | 0.83 % | 48.70 % |
Current Ratio | 3.44 X | 2.16 X |
Book Value Per Share | 14.01 X | 1.93 K |
Cash Flow From Operations | 108.4 M | 971.22 M |
Short Ratio | 13.57 X | 4.00 X |
Earnings Per Share | 0.99 X | 3.12 X |
Price To Earnings To Growth | 3.08 X | 4.89 X |
Target Price | 27.88 | |
Number Of Employees | 2.3 K | 18.84 K |
Beta | 0.71 | -0.15 |
Market Capitalization | 706.76 M | 19.03 B |
Total Asset | 1.25 B | 29.47 B |
Retained Earnings | 118.1 M | 9.33 B |
Working Capital | 495.5 M | 1.48 B |
Note: Disposition of 5086 shares by Kimberley Honeysett of Varex Imaging subject to Rule 16b-3 [view details]
Varex Imaging Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Varex . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Varex Imaging Buy or Sell Advice
When is the right time to buy or sell Varex Imaging Corp? Buying financial instruments such as Varex Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 81.4M | 82.6M | 95.0M | 63.0M | Total Assets | 1.2B | 1.2B | 1.4B | 1.0B |
Use Investing Ideas to Build Portfolios
In addition to having Varex Imaging in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Apparel Thematic Idea Now
Apparel
Companies manufacturing textile accessories and apparel products. The Apparel theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Apparel Theme or any other thematic opportunities.
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Check out Varex Imaging Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Varex Imaging Corp information on this page should be used as a complementary analysis to other Varex Imaging's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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When running Varex Imaging's price analysis, check to measure Varex Imaging's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Varex Imaging is operating at the current time. Most of Varex Imaging's value examination focuses on studying past and present price action to predict the probability of Varex Imaging's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Varex Imaging's price. Additionally, you may evaluate how the addition of Varex Imaging to your portfolios can decrease your overall portfolio volatility.
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Is Varex Imaging's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Varex Imaging. If investors know Varex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Varex Imaging listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.343 | Earnings Share 0.99 | Revenue Per Share 21.714 | Quarterly Revenue Growth (0.08) | Return On Assets 0.0352 |
The market value of Varex Imaging Corp is measured differently than its book value, which is the value of Varex that is recorded on the company's balance sheet. Investors also form their own opinion of Varex Imaging's value that differs from its market value or its book value, called intrinsic value, which is Varex Imaging's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Varex Imaging's market value can be influenced by many factors that don't directly affect Varex Imaging's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Varex Imaging's value and its price as these two are different measures arrived at by different means. Investors typically determine if Varex Imaging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Varex Imaging's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.