Varex Imaging Corp Stock Today

VREX Stock  USD 16.53  0.02  0.12%   

Performance

11 of 100

 
Weak
 
Strong
Good

Odds Of Distress

Less than 25

 
High
 
Low
Low
Varex Imaging is trading at 16.53 as of the 28th of November 2024; that is 0.12% increase since the beginning of the trading day. The stock's open price was 16.51. Varex Imaging has about a 25 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat good performance during the last 90 days. Equity ratings for Varex Imaging Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2024 and ending today, the 28th of November 2024. Click here to learn more.
Business Domain
Health Care Equipment & Services
IPO Date
20th of January 2017
Category
Healthcare
Classification
Health Care
Varex Imaging Corporation designs and manufactures X-ray imaging components. Varex Imaging Corporation was founded in 2016 and is based in Salt Lake City, Utah. Varex Imaging operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. The company has 41.1 M outstanding shares of which 1.56 M shares are at this time shorted by private and institutional investors with about 3.78 trading days to cover. More on Varex Imaging Corp

Moving together with Varex Stock

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Follow Valuation Options Odds of Bankruptcy
Check how we calculate scores

Varex Stock Highlights

ESG Sustainability
Environmental
Governance
Social
President CEO, DirectorSunny Sanyal
Thematic IdeaElectronic Equipment (View all Themes)
Business ConcentrationHealth Care Equipment & Supplies, Health Care Equipment & Services, Health Care, NASDAQ Composite, Electronic Equipment, Health Care, Health Care Equipment & Supplies, Medical Devices, Healthcare (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.730.6664
Significantly Up
Slightly volatile
Gross Profit Margin0.330.3168
Sufficiently Up
Slightly volatile
Total Current Liabilities156.4 M195.9 M
Significantly Down
Slightly volatile
Non Current Liabilities Total376.3 M471.9 M
Significantly Down
Slightly volatile
Total Assets1.1 B1.2 B
Fairly Down
Slightly volatile
Total Current Assets533.5 M649.9 M
Significantly Down
Slightly volatile
Total Cash From Operating Activities58.6 M47.3 M
Fairly Up
Slightly volatile
Debt Levels
Varex Imaging can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Varex Imaging's financial leverage. It provides some insight into what part of Varex Imaging's total assets is financed by creditors.
Liquidity
Varex Imaging Corp currently holds 470.4 M in liabilities with Debt to Equity (D/E) ratio of 0.83, which is about average as compared to similar companies. Varex Imaging Corp has a current ratio of 3.37, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Varex Imaging's use of debt, we should always consider it together with its cash and equity.

Total Cash From Operating Activities

58.63 Million
Varex Imaging Corp (VREX) is traded on NASDAQ Exchange in USA. It is located in 1678 S. Pioneer Road, Salt Lake City, UT, United States, 84104 and employs 2,300 people. Varex Imaging is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 678.56 M. Varex Imaging Corp conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 41.1 M outstanding shares of which 1.56 M shares are at this time shorted by private and institutional investors with about 3.78 trading days to cover. Varex Imaging Corp currently holds about 99.6 M in cash with 47.3 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.5.
Check Varex Imaging Probability Of Bankruptcy
Ownership Allocation
Varex Imaging Corp shows a total of 41.1 Million outstanding shares. The majority of Varex Imaging Corp outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Varex Imaging to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Varex Imaging Corp. Please pay attention to any change in the institutional holdings of Varex Imaging Corp as this could imply that something significant has changed or is about to change at the company. Also note that roughly one million six hundred seventy-six thousand eight hundred eighty invesors are currently shorting Varex Imaging expressing very little confidence in its future performance.
Check Varex Ownership Details

Varex Stock Institutional Holders

InstituionRecorded OnShares
Millennium Management Llc2024-06-30
597.9 K
Jpmorgan Chase & Co2024-06-30
517 K
Bank Of America Corp2024-06-30
512.1 K
Charles Schwab Investment Management Inc2024-09-30
450.5 K
Royce & Associates, Lp2024-09-30
438.1 K
Northern Trust Corp2024-09-30
437.6 K
Citadel Advisors Llc2024-09-30
411.5 K
D. E. Shaw & Co Lp2024-09-30
380.7 K
Bank Of New York Mellon Corp2024-06-30
341.9 K
Blackrock Inc2024-06-30
7.1 M
Pzena Investment Management, Llc2024-09-30
3.9 M
View Varex Imaging Diagnostics

Varex Imaging Historical Income Statement

At this time, Varex Imaging's Total Revenue is fairly stable compared to the past year. Gross Profit is likely to rise to about 284.4 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 30.4 M in 2024. View More Fundamentals

Varex Stock Against Markets

Varex Imaging Corporate Management

Additional Tools for Varex Stock Analysis

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.