Varex Imaging Corporation (VREX)Healthcare | Medical Devices | Salt Lake City, United States | NasdaqGS
18.47 USD
+0.08
(0.435%)
⇧
(Oct. 15, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 2:41 a.m. EDT
The investment case for Varex Imaging is currently broken by a severe multi-year structural decline. Despite trading at a low price-to-book ratio, the company has suffered four consecutive years of negative annual returns, dropping nearly 67% over the last eight years. This persistent underperformance indicates that the market views the current valuation as insufficient to compensate for the deteriorating business trajectory, rendering any 'value' argument moot. Fundamentally, the picture is bleak: the company is burning cash with negative free flow, generating minimal returns on equity, and showing only modest revenue growth that fails to offset the massive capital destruction. The lack of a dividend payout eliminates income as a buffer. While the options market shows some speculative interest in a rebound to the 20.00 level, the underlying fundamentals do not support a high-conviction turnaround. This remains a hold or avoid situation until the multi-year decline trend is decisively reversed. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.001537 |
| AutoETS | 0.001588 |
| AutoARIMA | 0.001588 |
| MSTL | 0.017122 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 40% |
| H-stat | 0.38 |
| Ljung-Box p | 0.044 |
| Jarque-Bera p | 0.011 |
| Excess Kurtosis | 2.09 |
| Attribute | Value |
|---|---|
| Sector | Healthcare |
| Debt to Equity Ratio | 74.3 |
| Revenue per Share | 20.632 |
| Market Cap | 784,299,840 |
| Trailing P/E | 34.85 |
| Forward P/E | 17.26 |
| Beta | 0.97 |
| Profit Margins | 2.56% |
| Website | https://www.vareximaging.com |
As of Oct. 10, 2026, 2:41 a.m. EDT: Speculators are positioning defensively with heavy open interest in out-of-the-money puts (strikes 10.00 and 7.50 expiring Dec 18) and significant call volume at the 20.00 strike across multiple expirations. This distribution suggests a 'long gamma' setup where traders expect continued volatility and potential downside, betting on a bounce to the 20.00 resistance while protecting against further declines.
| Attribute | Value |
|---|---|
| 52 Week Change | 0.6019081 |
| Address1 | 1,678 S. Pioneer Road |
| All Time High | 43.76 |
| All Time Low | 6.76 |
| Ask | 23.7 |
| Ask Size | 2 |
| Audit Risk | 8 |
| Average Daily Volume10 Day | 464,300 |
| Average Daily Volume3 Month | 842,104 |
| Average Volume | 842,104 |
| Average Volume10Days | 464,300 |
| Beta | 0.971 |
| Bid | 13.29 |
| Bid Size | 2 |
| Board Risk | 2 |
| Book Value | 11.782 |
| City | Salt Lake City |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 1 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 18.47 |
| Current Ratio | 3.378 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 18.47 |
| Day Low | 18.35 |
| Debt To Equity | 74.3 |
| Display Name | Varex Imaging |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,786,395,600 |
| Earnings Call Timestamp Start | 1,786,395,600 |
| Earnings Timestamp | 1,786,365,000 |
| Earnings Timestamp End | 1,794,945,600 |
| Earnings Timestamp Start | 1,794,945,600 |
| Ebitda | 99,500,000 |
| Ebitda Margins | 0.115030006 |
| Enterprise To Ebitda | 10.761 |
| Enterprise To Revenue | 1.238 |
| Enterprise Value | 1,070,686,976 |
| Eps Current Year | 0.84 |
| Eps Forward | 1.07 |
| Eps Trailing Twelve Months | 0.53 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 18.2316 |
| Fifty Day Average Change | 0.2383995 |
| Fifty Day Average Change Percent | 0.01307617 |
| Fifty Two Week Change Percent | 60.190807 |
| Fifty Two Week High | 18.63 |
| Fifty Two Week High Change | -0.15999985 |
| Fifty Two Week High Change Percent | -0.008588291 |
| Fifty Two Week Low | 9.09 |
| Fifty Two Week Low Change | 9.379999 |
| Fifty Two Week Low Change Percent | 1.031903 |
| Fifty Two Week Range | 9.09 - 18.63 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,485,181,800,000 |
| Float Shares | 41,372,933 |
| Forward Eps | 1.07 |
| Forward P E | 17.26168 |
| Free Cashflow | -39,525,000 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 2,500 |
| Fullday Change | 0.07999992 |
| Fullday Change Percent | 0.43501863 |
| Fullday Price | 18.47 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,790,812,800 |
| Gross Margins | 0.34324002 |
| Gross Profits | 296,900,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.01714 |
| Held Percent Institutions | 0.9221 |
| Implied Shares Outstanding | 42,463,446 |
| Industry | Medical Devices |
| Industry Disp | Medical Devices |
| Industry Key | medical-devices |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,759,449,600 |
| Long Business Summary | Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. It operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers. This segment's products are used in a range of applications, including CT, mammography, oncology, cardiac, surgery, dental, and other diagnostic radiography uses. The Industrial segment designs, develops, manufactures, sells, and services Linatron X-ray linear accelerators, non-intrusive cargo inspection systems, X-ray tubes, digital detectors, high voltage connectors, and coolers for use in security and inspection applications, such as baggage screening at airports, cargo screening at ports and borders, and nondestructive testing, irradiation, and inspection in various applications. It sells its products through imaging system original equipment manufacturers, independent service companies, and distributors, as well as directly to end-users. The company has operations in North America, Latin America, Europe, the Middle East, India, Africa, Asia, and Australia. The company was incorporated in 2016 and is headquartered in Salt Lake City, Utah. |
| Long Name | Varex Imaging Corporation |
| Market | us_market |
| Market Cap | 784,299,840 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_379834366 |
| Most Recent Quarter | 1,783,036,800 |
| Net Income To Common | 22,100,000 |
| Next Fiscal Year End | 1,790,985,600 |
| Non Diluted Market Cap | 783,450,578 |
| Number Of Analyst Opinions | 2 |
| Open | 18.42 |
| Operating Cashflow | 11,300,000 |
| Operating Margins | 0.10831001 |
| Overall Risk | 2 |
| Payout Ratio | 0.0 |
| Peg Ratio | 4.98 |
| Phone | 801 972 5000 |
| Previous Close | 18.39 |
| Price Eps Current Year | 21.988094 |
| Price Hint | 2 |
| Price To Book | 1.5676455 |
| Price To Sales Trailing12 Months | 0.906705 |
| Profit Margins | 0.02555 |
| Quick Ratio | 1.306 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.0799999 |
| Regular Market Change Percent | 0.435019 |
| Regular Market Day High | 18.47 |
| Regular Market Day Low | 18.35 |
| Regular Market Day Range | 18.35 - 18.47 |
| Regular Market Open | 18.42 |
| Regular Market Previous Close | 18.39 |
| Regular Market Price | 18.47 |
| Regular Market Time | 1,792,094,401 |
| Regular Market Volume | 574,054 |
| Return On Assets | 0.04152 |
| Return On Equity | 0.04592 |
| Revenue Growth | 0.037 |
| Revenue Per Share | 20.632 |
| Sand P52 Week Change | 0.16207206 |
| Sector | Healthcare |
| Sector Disp | Healthcare |
| Sector Key | healthcare |
| Share Holder Rights Risk | 2 |
| Shares Outstanding | 42,463,446 |
| Shares Percent Shares Out | 0.038900003 |
| Shares Short | 1,650,105 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 1,253,607 |
| Short Name | Varex Imaging Corporation |
| Short Percent Of Float | 0.043899998 |
| Short Ratio | 2.41 |
| Source Interval | 15 |
| State | UT |
| Symbol | VREX |
| Target High Price | 18.9 |
| Target Low Price | 18.9 |
| Target Mean Price | 18.9 |
| Target Median Price | 18.9 |
| Total Cash | 100,100,000 |
| Total Cash Per Share | 2.378 |
| Total Debt | 379,300,000 |
| Total Revenue | 865,000,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 0.53 |
| Trailing P E | 34.849056 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 13.285475 |
| Two Hundred Day Average Change | 5.1845245 |
| Two Hundred Day Average Change Percent | 0.39024007 |
| Type Disp | Equity |
| Volume | 574,054 |
| Website | https://www.vareximaging.com |
| Zip | 84,104 |