EYE underperforms with a -1.86 decrease in share price

While National Vision Holdings Inc has underperformed by -1.86%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EYE fell by -52.39%, with highs and lows ranging from $43.82 to $13.71, whereas the simple moving average fell by -9.29% in the last 200 days.

On October 17, 2023, Goldman Downgraded National Vision Holdings Inc (NASDAQ: EYE) to Neutral.

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Analysis of National Vision Holdings Inc (EYE)

Further, the quarter-over-quarter increase in sales is 6.64%, showing a positive trend in the upcoming months.

In order to gain a clear picture of National Vision Holdings Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -6.77% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.02, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

An average volume of 1.22M can be a very valuable indicator of volatility for EYE stock. On a monthly basis, the volatility of the stock is set at 3.76%, whereas on a weekly basis, it is put at 3.98%, with a loss of -5.82% over the past seven days. Furthermore, long-term investors anticipate a median target price of $21.20, showing growth from the present price of $18.45, which can serve as yet another indication of whether EYE is worth investing in or should be passed over.

How Do You Analyze National Vision Holdings Inc Shares?

In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 17.92%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 102.47% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

Are institutional investors increasing their holdings in EYE shares?

The recent increase in stakes in EYE appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in EYE has decreased by -1.92% in the first quarter. The company now owns 11,120,789 shares of the stock, with a value of $232.76 million, following the sale of -218,214 additional shares during the last quarter. William Blair Investment Manageme made another increased to its shares in EYE during the first quarter, upping its stake by 13.82%. During the last quarter, the company picked up 1,226,640 additional shares for a total stake of worth $211.4 million, bringing number of shares owned by the company to 10,100,368.

During the first quarter, The Vanguard Group, Inc. added a 40,155 position in EYE. ClearBridge Investments LLC sold an additional 20117.0 shares in the last quarter, decreasing its holdings by -0.46%, now holding 4.33 million shares worth $90.59 million. At the end of the first quarter, BofA Securities, Inc. increased its EYE holdings by 61,399.83% and now holds 3.52 million EYE shares valued at $73.64 million with the added 3.51 million shares during the period. EYE shares are owned by institutional investors to the tune of 102.47% at present.

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