As published in a research note from BofA Securities on January 11, 2024, Vontier Corporation [VNT] has been rated up from a Neutral to a Buy and the price target has been revised to $40 from $37. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. As of December 12, 2022, BofA Securities has decreased its “Buy” rating to a “Neutral” for VNT. Earlier on December 01, 2022, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for VNT stock which previously was a “an Outperform”.
Analyzing VNT Stock Performance
During the last five days, there has been a drop of approximately -4.26%. Over the course of the year, Vontier Corporation shares have jumped approximately 21.53%. Shares of the company reached a 52-week high of $45.62 on 04/01/24 and a 52-week low of $33.21 on 01/03/24. A 50-day SMA is recorded $41.47, while a 200-day SMA reached $34.38. Nevertheless, trading volume fell to 0.67 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for Vontier Corporation (VNT)
According to the 24-hour chart, there is a support level at 41.62, which, if violated, would cause prices to drop to 41.26. In the upper region, resistance lies at 42.44. The next price resistance is at 42.90. RSI (Relative Strength Index) is 41.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.35, which suggests the price will decrease in the coming days. Percent R is at 92.84%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Vontier Corporation subject to short interest?
Stocks of Vontier Corporation saw a sharp rise in short interest on Mar 15, 2024 jumping by 90000.0 shares to 1.76 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 1.67 million shares. A jump of 5.11% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.74 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.74.
