VREX Should I Buy
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Varex Imaging Corp (VREX) is not a strong buy at this moment for a beginner, long-term investor with $50,000-$100,000 available. While the stock has a Buy rating from analysts with an increased price target of $18, the technical indicators are neutral, and the financial performance shows significant declines in net income and EPS. Additionally, there are no recent positive trading trends, news catalysts, or proprietary trading signals to support a buy decision.
The MACD histogram is below 0 and negatively contracting (-0.0787), indicating bearish momentum. RSI is neutral at 45.045, and moving averages are converging, showing no clear trend. Key support is at $13.129, and resistance is at $14.176. The pre-market price of $13.52 is near the pivot point ($13.652), suggesting limited immediate upside.
Analyst B. Riley raised the price target to $18 from $16 and maintained a Buy rating, citing strength in the industrial segment. Revenue increased by 4.90% YoY in the latest quarter.
Net income dropped significantly (-866.67% YoY), EPS decreased (-600.00% YoY), and gross margin declined (-2.86% YoY). No recent news or significant trading trends from hedge funds, insiders, or Congress. Technical indicators are neutral, and no proprietary trading signals are present.
In Q1 2026, revenue grew by 4.90% YoY to $209.6M. However, net income dropped by -866.67% YoY to $2.3M, and EPS fell by -600.00% YoY to $0.05. Gross margin also declined by -2.86% YoY to 33.3%.
B. Riley raised the price target to $18 from $16 and maintained a Buy rating, citing strength in the industrial segment and a fiscal Q1 beat.
