NCR Voyix (NYSE:VYX) Reaches New 52-Week Low – Should You Sell?

Shares of NCR Voyix Co. (NYSE:VYX) hit a new 52-week low during trading on Wednesday . The company traded as low as $9.72 and last traded at $9.79, with a volume of 492816 shares trading hands. The stock had previously closed at $9.95.

Analysts Set New Price Targets

Separately, Needham & Company LLC cut their price target on shares of NCR Voyix from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, NCR Voyix has a consensus rating of “Moderate Buy” and a consensus target price of $15.50.

NCR Voyix Trading Up 1.2 %

The business’s 50 day moving average price is $12.19 and its 200-day moving average price is $13.17. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 2.24 and a beta of 1.56.

Institutional Trading of NCR Voyix

A number of hedge funds have recently modified their holdings of the stock. Neo Ivy Capital Management acquired a new stake in shares of NCR Voyix during the 4th quarter worth about $587,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in NCR Voyix by 17.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 359,131 shares of the company’s stock worth $4,970,000 after purchasing an additional 54,387 shares in the last quarter. Union Square Park Capital Management LLC acquired a new stake in NCR Voyix in the 4th quarter worth about $2,768,000. Wolverine Trading LLC raised its stake in NCR Voyix by 58.1% in the 4th quarter. Wolverine Trading LLC now owns 39,313 shares of the company’s stock worth $541,000 after purchasing an additional 14,447 shares in the last quarter. Finally, Vident Advisory LLC acquired a new stake in NCR Voyix in the 4th quarter worth about $502,000. Institutional investors and hedge funds own 97.00% of the company’s stock.

NCR Voyix Company Profile

NCR Voyix Corporation provides various software and services in the United States, the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Retail; Restaurants; and Digital Banking. It offers software, services, and hardware; and digital banking solutions for financial institution’s consumer and business customers.