NVST Stock Summary and Trading Ideas (Envista Holdings | NYSE:NVST)

Envista Holdings Corp is a dental products company. It develops, manufactures, and markets portfolios of dental consumables, equipment, and services to dental professionals. The company's business consists of two segments comprising Specialty Products and Technologies and Equipment and Consumables. The Company's Specialty Products & Technologies segment develops, manufactures, and markets dental implant systems, including regenerative solutions, dental prosthetics, and associated treatment software and technologies, as well as orthodontic bracket systems, aligners, and lab products. The Company's Equipment & Consumables segment manufactures dental equipment and supplies used in dental offices, including digital imaging systems, software and other visualization/magnification systems.

Envista Holdings trades on the NYSE stock market under the symbol NVST.

As of April 19, 2024, NVST stock price climbed to $19.96 with 1,087,620 million shares trading.

NVST has a beta of 0.48, meaning it tends to be less sensitive to market movements. NVST has a correlation of 0.04 to the broad based SPY ETF.

NVST has a market cap of $3.42 billion. This is considered a Mid Cap stock.

Last quarter Envista Holdings reported $646 million in Revenue and $.29 earnings per share. This beat revenue expectation by $2 million and missed earnings estimates by -$.05.

In the last 3 years, NVST stock traded as high as $52.03 and as low as $18.96.

The top ETF exchange traded funds that NVST belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

NVST has underperformed the market in the last year with a return of -47.8%, while the SPY ETF gained +21.2%. In the last 3 month period, NVST fell short of the market, returning -15.8%, while SPY returned +3.0%. However, in the most recent 2 weeks NVST has outperformed the stock market by returning -2.4%, while SPY returned -4.5%.

NVST support price is $19.33 and resistance is $20.17 (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 NVST stock will trade within this expected range on the day.