VREX Should I Buy
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Varex Imaging Corp (VREX) is not a strong buy for a beginner, long-term investor at this time. While the company has shown revenue growth and a positive outlook in its industrial segment, the significant drop in net income, EPS, and gross margin, combined with neutral trading trends and lack of strong technical or proprietary trading signals, suggests that waiting for further clarity or improvement in financial performance would be prudent.
The MACD histogram is negative and expanding, indicating bearish momentum. RSI is neutral at 37.478, and moving averages are converging, showing no clear trend. The stock is trading near its pivot point of 13.443, with resistance at 14.391 and support at 12.496.
Revenue increased by 4.9% YoY in Q1 2026, driven by strong performance in the industrial segment. Management's guidance for Q2 2026 reflects confidence in future demand. Analysts have raised the price target to $18, maintaining a Buy rating.
Net income dropped significantly by -866.67% YoY, and EPS fell by -600.00% YoY. Gross margin also declined by -2.86% YoY. Technical indicators suggest bearish momentum, and there are no significant hedge fund or insider trading trends. The stock has a mixed outlook based on candlestick pattern analysis.
In Q1 2026, revenue increased to $209.6 million (up 4.9% YoY), but net income dropped to $2.3 million (-866.67% YoY). EPS declined to $0.05 (-600% YoY), and gross margin fell to 33.3% (-2.86% YoY).
B. Riley raised the price target from $16 to $18 and maintained a Buy rating, citing strength in the industrial segment and a fiscal Q1 beat.
