BECN has 36-month beta value of 1.61. Analysts have mixed views 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 1.77% ratio of that float. The average trading volume of BECN on April 19, 2024 was 720.01K shares.
BECN) stock’s latest price update
The stock price of Beacon Roofing Supply Inc (NASDAQ: BECN) has surged by 0.26 when compared to previous closing price of 93.18, but the company has seen a -4.54% decline in its stock price over the last five trading sessions. Business Wire reported 2024-04-18 that HERNDON, Va.–(BUSINESS WIRE)—- $becn #Ambition2025–Beacon (Nasdaq: BECN) (the “Company”) announced today that its earnings results for the quarter ended March 31, 2024 will be released after market close on Thursday, May 2, 2024. The Company will host a conference call and webcast to discuss its financial results at 5:00 p.m. Eastern Time that same day. Analysts, investors and interested parties are invited to register and listen to the earnings call and view accompanying slides on the Company’s website at the bel.
BECN’s Market Performance
Beacon Roofing Supply Inc (BECN) has seen a -4.54% fall in stock performance for the week, with a 0.78% gain in the past month and a 10.94% surge in the past quarter. The volatility ratio for the week is 2.64%, and the volatility levels for the past 30 days are at 2.41% for BECN. The simple moving average for the last 20 days is -4.15% for BECN stock, with a simple moving average of 12.52% for the last 200 days.
Analysts’ Opinion of BECN
Robert W. Baird, on the other hand, stated in their research note that they expect to see BECN reach a price target of $115, previously predicting the price at $99. The rating they have provided for BECN stocks is “Outperform” according to the report published on February 29th, 2024.
BECN Trading at 2.78% 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 -9.15% of loss for the given period.
Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 2.64%, as shares sank -0.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.95% upper at present.
During the last 5 trading sessions, BECN fell by -4.54%, which changed the moving average for the period of 200-days by +12.05% in comparison to the 20-day moving average, which settled at $97.44. In addition, Beacon Roofing Supply Inc saw 7.35% 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 1.01. 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 put it simply, Beacon Roofing Supply Inc (BECN) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
