The stock of Vertiv Holdings Co. (NYSE:VRT) is now priced at $16.92 and the shares are 0.42 points up or 2.55% higher compared to its previous closing price of $16.5. The stock had 2.543 million contracts set over the past session. VRT shares’ daily volume is compared to its average trading volume at 3.273 million shares. However, it has a float of 265 million and although its performance was 9.16% over the week, it’s one to watch. Analysts have given the VRT stock a yearly average price target of $19.75 per share. It means the stock’s upside potential is 16.73% with the VRT share price recently placing at $16.53 to $17.04.
The shorts are running away from the Vertiv Holdings Co. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the VRT shares have declined. Short interest in the stock represents just 3.96% of its float, but the volume has dropped by 0.
In the last trading session, Vertiv Holdings Co. (NYSE:VRT) raised by $1.42 over the week and gained $3.37 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $17.23. The stock recorded its established 52-week high on 08/05/20.
Since 03/19/20, the stock has traded to a low of $4.75 at 256.21%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.
Looking at current readings, Vertiv Holdings Co.’s two-week RSI is 64.87. This suggests that the stock is neutral at the moment and that VRT shares’ price movement remains stable. The stochastic readings are equally revealing at 64.13% meaning the VRT share price is currently in neutral territory.
The technical chart shows that the VRT stock will likely settle at between $17.13 and $17.34 per share. However, if the stock dips below $16.62, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $16.32.
Currently, the stock is trading in the green of MACD, with a reading of 0.29. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Maxim Group assigned VRT a rating of Buy in their intiating review released on August 20.
The average rating for the VRT equity is 2 and is currently gathering a bullish momentum. Of 5 analysts tracking Vertiv Holdings Co. polled by Reuters, 0 rated VRT as a hold. The remaining 5 analysts were split evenly. However, the split wasn’t equal as a majority (5) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the VRT stock price is 15.15X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands below the group’s average of 51.4. Vertiv Holdings Co. has its P/E ratio at 15.8, which means that the stock is currently trading at a premium relative to the 4 industry average.