Tricon Residential Inc. (NYSE:TCN) went down by -1.02% from its latest closing price compared to the recent 1-year high of $17.23. The company’s stock price has collected -1.68% of loss in the last five trading sessions.
Is It Worth Investing in Tricon Residential Inc. (NYSE :TCN) Right Now?
Tricon Residential Inc. (NYSE:TCN) scored a price-to-earnings ratio above its average ratio, recording 2.23 x from its present earnings ratio. Plus, the 36-month beta value for TCN is at 1.33. Opinions of the stock are interesting as 10 analysts out of 11 who provided ratings for Tricon Residential Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $12.03, which is $3.63 above the current price. TCN currently public float of 265.99M and currently shorts hold a 1.40% ratio of that float. Today, the average trading volume of TCN was 906.54K shares.
TCN’s Market Performance
TCN stocks went down by -1.68% for the week, with a monthly drop of -2.67% and a quarterly performance of -22.48%, while its annual performance rate touched -37.61%. The volatility ratio for the week stands at 2.15% while the volatility levels for the past 30 days are set at 3.40% for Tricon Residential Inc. The simple moving average for the period of the last 20 days is 1.34% for TCN stocks with a simple moving average of -25.88% for the last 200 days.
Analysts’ Opinion of TCN
Many brokerage firms have already submitted their reports for TCN stocks, with Citigroup repeating the rating for TCN by listing it as a “Buy.” The predicted price for TCN in the upcoming period, according to Citigroup is $12.50 based on the research report published on September 19th of the current year 2022.
Morgan Stanley, on the other hand, stated in their research note that they expect to see TCN reach a price target of $12.75, previously predicting the price at $11.75. The rating they have provided for TCN stocks is “Equal-Weight” according to the report published on August 25th, 2022.
Raymond James gave a rating of “Strong Buy” to TCN, setting the target price at $16 in the report published on August 02nd of the current year.
TCN Trading at -0.78% from the 50-Day Moving Average
After a stumble in the market that brought TCN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.16% of loss for the given period.
Volatility was left at 3.40%, however, over the last 30 days, the volatility rate increased by 2.15%, as shares sank -2.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.33% lower at present.
During the last 5 trading sessions, TCN fell by -1.68%, which changed the moving average for the period of 200-days by -42.33% in comparison to the 20-day moving average, which settled at $8.63. In addition, Tricon Residential Inc. saw -42.67% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TCN
Current profitability levels for the company are sitting at:
- -42.61 for the present operating margin
- +63.13 for the gross margin
The net margin for Tricon Residential Inc. stands at +103.14. Equity return is now at value 25.80, with 8.10 for asset returns.