Estimating Price Trends For National Vision Holdings Inc (NASDAQ: EYE)

National Vision Holdings Inc (NASDAQ:EYE) does about 1.11M shares in volume on a normal day but saw 2385392 shares change hands in Friday’s trading. The company now has a market cap of 1.16B USD. Its current market price is $14.76, marking a decrease of -2.57% compared to the previous close of $15.15. The 52 week high reached by this stock is $27.02 whilst the lowest price level in 52 weeks is $13.71.

National Vision Holdings Inc (EYE) has a 20-day trading average at $17.73 and the current price is -45.37% off the 52-week high compared with 7.66% distance from its 52-week low. The 50-day simple moving average of the closing price is $20.27 and its 200-day simple moving average is $19.04. If we look at the stock’s price movements over the week, volatility stands at 8.22%, which decreases to 4.89% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 23.64 to suggest the stock is oversold.

The consensus objective for the share price is $21.60, suggesting that the stock has a potential upside of 31.67% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 17, 2023 when Goldman downgraded the stock to “Neutral” and issued a price target of between $25 and $16. Wells Fargo also downgraded the stock to “Equal Weight” from Overweight on July 27, 2023 at a price target of $30-$21. Citigroup downgraded its price target at $28-$22.

National Vision Holdings Inc (EYE) stock is down -17.54% over the week and -24.85% over the past month. Its price is -29.48% year-to-date and -35.06% over the past year.

To reach the target analysts have set, the stock logically needs to grow 31.67 percent from here.

The company has a return on investment of -4.34% and return on equity of -8.28%. The forward price to earnings ratio is 19.47. The beta has a value of 1.50. Price to book ratio is 1.38 and price to sales ratio is 0.55.