National Vision Holdings Inc. (NASDAQ:EYE) shares traded lower over the last trading session, losing -3.45% on 07/30/20. The shares fell to a low of $30.98 before closing at $31.04. Intraday shares traded counted 0.47 million, which was 58.34% higher than its 30-day average trading volume of 1.12M. EYE’s previous close was $32.15 while the outstanding shares total 80.13M. The firm has a 12-month trailing P/E ratio of 101.11. The stock’s Relative Strength Index (RSI) is 53.50, with weekly volatility at 3.34% and ATR at 1.29. The EYE stock’s 52-week price range has touched low of $11.70 and a $39.88 high.
Investors have identified the Specialty Retail company National Vision Holdings Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.55 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
National Vision Holdings Inc. (EYE) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For EYE, the company has in raw cash 263.15 million on their books with 63.55 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 441217000 million total, with 287465000 million as their total liabilities.
EYE were able to record 73.01 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 223.81 million. In cash movements, the company had a total of 86.06 million as operating cash flow.
Potential earnings growth for National Vision Holdings Inc. (EYE)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, National Vision Holdings Inc. recorded a total of 469.7 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 1.81% coming in sequential stages and their sales for the third quarter increasing by 14.46%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 218.55 million trying to sell their products during the last quarter, with the result yielding a gross income of 251.15 million. This allows shareholders to hold on to 80.13M with the revenue now reading 0.12 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.19 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.78 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on EYE sounds very interesting.
Is the stock of EYE attractive?
In related news, Chief Executive Officer, FAHS L READE sold 75,000 shares of the company’s stock in a transaction that recorded on Jan 23. The sale was performed at an average price of 36.50, for a total value of 2,737,500. As the sale deal closes, the SVP, Chief Financial Officer, Moore Patrick R. now sold 69,977 shares of the company’s stock, valued at 2,239,264. Also, SVP, Chief Financial Officer, Moore Patrick R. sold 23 shares of the company’s stock in a deal that was recorded on Dec 17. The shares were price at an average price of 32.00 per share, with a total market value of 736. Following this completion of acquisition, the Director, TAYLOR THOMAS V now holds 3,610 shares of the company’s stock, valued at 99,891. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
12 out of 13 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on National Vision Holdings Inc.. 0 analysts has assigned a Sell rating on the EYE stock. The 12-month mean consensus price target for the company’s shares has been set at $33.92.