VREX Should I Buy
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Varex Imaging Corp (VREX) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the stock has potential for modest short-term gains, the company's financial performance shows significant declines in net income and EPS, which raises concerns about its long-term growth. Additionally, there are no strong positive catalysts or trading signals to justify immediate investment.
The technical indicators are mixed. The MACD is positive and expanding, suggesting some bullish momentum. However, the RSI is neutral, and the moving averages are bearish, indicating a downward trend. The stock is trading below key resistance levels (R1: 11.079) and close to support levels (S1: 10.346).
Analyst B. Riley raised the price target to $18 from $16 and maintains a Buy rating, citing strength in the industrial segment. The stock has a 60% chance to gain 5.84% in the next week.
No recent news or significant trading trends from hedge funds, insiders, or Congress. Financial performance shows a sharp decline in net income (-866.67% YoY) and EPS (-600.00% YoY). Gross margin also dropped by 2.86% YoY.
In Q1 2026, revenue increased by 4.90% YoY to $209.6M, but net income dropped significantly to $2.3M (-866.67% YoY), and EPS fell to 0.05 (-600.00% YoY). Gross margin decreased to 33.3% (-2.86% YoY).
Analyst B. Riley raised the price target to $18 from $16 and maintains a Buy rating, citing strength in the industrial segment. However, no other recent analyst updates are available.
