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Evaluating the Ups and Downs of Tricon Residential Inc.’s (TCN) Stock

In the past week, TCN stock has gone up by 2.03%, with a monthly gain of 0.95% and a quarterly plunge of -0.47%. The volatility ratio for the week is 1.89%, and the volatility levels for the last 30 days are 2.03% for Tricon Residential Inc. The simple moving average for the past 20 days is 2.71% for TCN’s stock, with a 2.71% simple moving average for the past 200 days.

Is It Worth Investing in Tricon Residential Inc. (NYSE: TCN) Right Now?

Tricon Residential Inc. (NYSE: TCN) has a price-to-earnings ratio of 7.37x that is above its average ratio.

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The public float for TCN is 264.91M and currently, short sellers hold a 1.54% ratio of that float. The average trading volume of TCN on September 15, 2023 was 749.62K shares.

TCN) stock’s latest price update

Tricon Residential Inc. (NYSE: TCN)’s stock price has gone rise by 3.89 in comparison to its previous close of 8.22, however, the company has experienced a 2.03% increase in its stock price over the last five trading days. Seeking Alpha reported 2023-08-16 that Warren Buffett recently loaded up on home builder stocks. We look at why Buffett is likely bullish on the sector as well as the general outlook for the housing sector. We also share our top pick.

TCN Trading at -2.57% 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 -19.51% of loss for the given period.

Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 1.89%, as shares surge +2.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.95% lower at present.

During the last 5 trading sessions, TCN rose by +2.03%, which changed the moving average for the period of 200-days by -4.26% in comparison to the 20-day moving average, which settled at $8.32. In addition, Tricon Residential Inc. saw 10.77% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for TCN

Equity return is now at value 8.00, with 2.40 for asset returns.


In conclusion, Tricon Residential Inc. (TCN) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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