Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Varex Imaging Corp before investing.

In this article, we go over a few key elements for understanding Varex Imaging Corp’s stock price such as:

• Varex Imaging Corp’s current stock price and volume
• Why Varex Imaging Corp’s stock price changed recently
• Upgrades and downgrades for VREX from analysts
• VREX’s stock price momentum as measured by its relative strength

About Varex Imaging Corp (VREX)

Before we jump into Varex Imaging Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Varex Imaging Corporation is a designer and manufacturer of X-ray tubes, digital detectors and other image processing solutions. The Company operates through two segments: Medical and Industrial. The Medical segment designs, manufactures, sells and services X-ray imaging components, including X-ray tubes, digital detectors, ionization chambers and buckys, high voltage connectors, image-processing software and workstations, three-dimensional (3D) reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers. These components are used in a range of medical imaging applications. The Industrial segment designs, develops, manufactures, sells and services X-ray imaging products for use in a number of markets, including security applications for cargo screening at ports and borders and baggage screening at airports, and nondestructive testing, irradiation and inspection applications used in various other markets.

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Varex Imaging Corp’s Stock Price as of Market Close

As of September 09, 2024, 4:00 PM, CST, Varex Imaging Corp’s stock price was $10.23.

Varex Imaging Corp is down 11.43% from its previous closing price of $11.55.

During the last market session, Varex Imaging Corp’s stock traded between $11.52 and $12.14. Currently, there are 40.90 million shares of Varex Imaging Corp stock available for purchase.

Varex Imaging Corp’s price-earnings (P/E) ratio is currently at 25.3, which is low compared to the Advanced Medical Equipment & Technology industry median of 32.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Varex Imaging Corp Stock Price History

Varex Imaging Corp’s (VREX) price is currently down 18.03% so far this month.

During the month of September, Varex Imaging Corp’s stock price has reached a high of $12.38 and a low of $10.22.

Over the last year, Varex Imaging Corp has hit prices as high as $21.50 and as low as $10.72. Year to date, Varex Imaging Corp’s stock is down 49.61%.

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What Caused Varex Imaging Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 06, 2024, there were 3 analysts who downgraded Varex Imaging Corp’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Varex Imaging Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Varex Imaging Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Varex Imaging Corp’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Varex Imaging Corp (VREX) by visiting AAII Stock Evaluator.

Relative Price Strength of Varex Imaging Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 06, 2024, Varex Imaging Corp has a weighted four-quarter relative price strength of -17.71%, which translates to a Momentum Score of 20 and is considered to be Very Weak.

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Varex Imaging Corp Stock Price: Bottom Line

As of September 9, 2024, Varex Imaging Corp’s stock price is $10.23, which is down 11.43% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Varex Imaging Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.