EYE Stock Summary and Trading Ideas (National Vision Holdings | NASDAQ:EYE)

National Vision Holdings Inc is an optical retailer in the U.S. Its product portfolio includes eyeglasses and sunglasses, contact lenses, accessories, and other products. The company has two operating segments; Owned and Host segment includes company-owned brands America's Best and Eyeglass World, In America's Best stores, vision care services are provided by optometrists or by independent professional corporations and Host operating consist of Military and Fred Meyer which provide eye exams by independent optometrists, and the Legacy segment manages the operations of, and supplies inventory and lab processing services to Legacy retail Vision Centers. It earns a majority of its revenue from the Owned and Host segment.

National Vision Holdings trades on the NASDAQ stock market under the symbol EYE.

As of May 7, 2024, EYE stock price declined to $17.87 with 1,083,894 million shares trading.

EYE has a beta of 0.59, meaning it tends to be less sensitive to market movements. EYE has a correlation of 0.03 to the broad based SPY ETF.

EYE has a market cap of $1.40 billion. This is considered a Small Cap stock.

Last quarter National Vision Holdings reported $506 million in Revenue and -$.02 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.07.

In the last 3 years, EYE stock traded as high as $65.92 and as low as $13.71.

The top ETF exchange traded funds that EYE belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

EYE has underperformed the market in the last year with a price return of -20.2% while the SPY ETF gained +27.0%. EYE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.9% and -3.1%, respectively, while the SPY returned +5.0% and +3.5%, respectively.

EYE support price is $17.74 and resistance is $18.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EYE stock will trade within this expected range on the day.