In the past week, TECK stock has gone up by 3.00%, with a monthly gain of 12.09% and a quarterly surge of 3.19%. The volatility ratio for the week is 1.96%, and the volatility levels for the last 30 days are 2.05% for Teck Resources Limited The simple moving average for the past 20 days is 5.16% for TECK’s stock, with a 6.24% simple moving average for the past 200 days.
Is It Worth Investing in Teck Resources Limited (NYSE: TECK) Right Now?
The price-to-earnings ratio for Teck Resources Limited (NYSE: TECK) is above average at 12.13x, while the 36-month beta value is 1.10.Analysts have differing opinions on the stock, with 12 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Teck Resources Limited (TECK) is $51.11, which is $23.71 above the current market price. The public float for TECK is 508.67M, and currently, short sellers hold a 1.87% ratio of that floaft. The average trading volume of TECK on September 19, 2023 was 3.21M shares.
TECK) stock’s latest price update
Teck Resources Limited (NYSE: TECK)’s stock price has decreased by -1.57 compared to its previous closing price of 43.99. However, the company has seen a 3.00% increase in its stock price over the last five trading sessions. Seeking Alpha reported 2023-09-15 that Teck Resources is demanding a premium for its positioning in both traditional and growth commodities. The company’s valuation and financials are strong, making it an attractive investment option. Teck Resources is well-positioned to benefit from the increasing demand for commodities in both traditional and growth sectors.
TECK Trading at 4.46% from the 50-Day Moving Average
After a stumble in the market that brought TECK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.24% of loss for the given period.
Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares surge +10.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.17% upper at present.
During the last 5 trading sessions, TECK rose by +3.00%, which changed the moving average for the period of 200-days by +22.56% in comparison to the 20-day moving average, which settled at $41.39. In addition, Teck Resources Limited saw 15.66% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TECK
Current profitability levels for the company are sitting at:
- +43.81 for the present operating margin
- +48.18 for the gross margin
The net margin for Teck Resources Limited stands at +23.61. The total capital return value is set at 21.79, while invested capital returns managed to touch 12.25. Equity return is now at value 6.70, with 3.30 for asset returns.
Based on Teck Resources Limited (TECK), the company’s capital structure generated 39.32 points at debt to equity in total, while total debt to capital is 28.22. Total debt to assets is 19.13, with long-term debt to equity ratio resting at 36.39. Finally, the long-term debt to capital ratio is 26.12.
When we switch over and look at the enterprise to sales, we see a ratio of 2.58, with the company’s debt to enterprise value settled at 0.27. The receivables turnover for the company is 9.60 and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.41.
Conclusion
In a nutshell, Teck Resources Limited (TECK) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
