Taking this into account, BofA Securities upgraded its Vontier Corporation [VNT] rating to a Buy from a a Neutral in a research note published on January 11, 2024; the price target was increased to $40 from $37. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. BofA Securities also remained covering VNT and has decreased its forecast on December 12, 2022 with a “Neutral” recommendation from previously “Buy” rating. Wolfe Research revised its rating on December 01, 2022. It rated VNT as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of VNT
On Friday, Vontier Corporation [NYSE:VNT] saw its stock jump 0.72% to $43.09. Over the last five days, the stock has lost -5.00%. Vontier Corporation shares have risen nearly 24.72% since the year began. Nevertheless, the stocks have risen 63.10% over the past one year. While a 52-week high of $45.62 was reached on 04/01/24, a 52-week low of $25.48 was recorded on 01/03/24. SMA at 50 days reached $41.00, while 200 days put it at $34.20. A total of 0.6 million shares were traded, compared to the trading of 1.19 million shares in the previous session.
Levels Of Support And Resistance For VNT Stock
The 24-hour chart illustrates a support level at 42.81, which if violated will result in even more drops to 42.52. On the upside, there is a resistance level at 43.40. A further resistance level may holdings at 43.70. The Relative Strength Index (RSI) on the 14-day chart is 49.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.83%. Stochastics %K at 26.87% indicates the stock is a holding.
How much short interest is there in Vontier Corporation?
A steep rise in short interest was recorded in Vontier Corporation stocks on Mar 15, 2024, growing by 90000.0 shares to a total of 1.76 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.67 million shares. There was a rise of 5.11%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.28% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.74.
