Moreover, the 36-month beta value for BECN is 1.61. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 6 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for BECN is 62.98M and currently, short sellers hold a 2.36% of that float. On April 05, 2024, BECN’s average trading volume was 745.62K shares.
BECN) stock’s latest price update
Beacon Roofing Supply Inc (NASDAQ: BECN) has seen a rise in its stock price by 0.41 in relation to its previous close of 100.27. However, the company has experienced a 5.92% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-03 that Beacon’s (BECN) latest announcement substantiates its commitment to making Ambition 2025 investments to drive growth and attain operational excellence.
BECN’s Market Performance
Beacon Roofing Supply Inc (BECN) has experienced a 5.92% rise in stock performance for the past week, with a 18.18% rise in the past month, and a 16.61% rise in the past quarter. The volatility ratio for the week is 3.04%, and the volatility levels for the past 30 days are at 2.41% for BECN. The simple moving average for the past 20 days is 9.41% for BECN’s stock, with a 22.53% simple moving average for the past 200 days.
Analysts’ Opinion of BECN
Many brokerage firms have already submitted their reports for BECN stocks, with Robert W. Baird repeating the rating for BECN by listing it as a “Outperform.” The predicted price for BECN in the upcoming period, according to Robert W. Baird is $115 based on the research report published on February 29, 2024 of the current year 2024.
JP Morgan gave a rating of “Overweight” to BECN, setting the target price at $103 in the report published on December 14th of the previous year.
BECN Trading at 14.41% from the 50-Day Moving Average
After a stumble in the market that brought BECN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.59% of loss for the given period.
Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 3.04%, as shares surge +18.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.13% upper at present.
During the last 5 trading sessions, BECN rose by +5.92%, which changed the moving average for the period of 200-days by +26.74% in comparison to the 20-day moving average, which settled at $92.81. In addition, Beacon Roofing Supply Inc saw 15.70% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BECN starting from Nelson Christopher Carl, who sale 3,268 shares at the price of $93.87 back on Mar 28 ’24. After this action, Nelson Christopher Carl now owns 176 shares of Beacon Roofing Supply Inc, valued at $306,767 using the latest closing price.
Taylor Jason L, the President, West Division of Beacon Roofing Supply Inc, sale 1,805 shares at $95.00 during a trade that took place back on Mar 21 ’24, which means that Taylor Jason L is holding 10,531 shares at $171,475 based on the most recent closing price.
Stock Fundamentals for BECN
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.26 for the gross margin
The net margin for Beacon Roofing Supply Inc stands at 0.05. The total capital return value is set at 0.15. Equity return is now at value 19.65, with 6.64 for asset returns.
Based on Beacon Roofing Supply Inc (BECN), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 1.73. The interest coverage ratio of the stock is 5.9.
Currently, EBITDA for the company is 862.6 million with net debt to EBITDA at 3.49. When we switch over and look at the enterprise to sales, we see a ratio of 1.06. The receivables turnover for the company is 6.21for trailing twelve months and the total asset turnover is 1.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.85.
Conclusion
To wrap up, the performance of Beacon Roofing Supply Inc (BECN) has been better in recent times. The stock has received a bullish of “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.
