The stock of TREX Co., Inc. (TREX) has seen a -5.19% decrease in the past week, with a -8.47% drop in the past month, and a 8.23% flourish in the past quarter. The volatility ratio for the week is 2.71%, and the volatility levels for the past 30 days are at 2.51% for TREX. The simple moving average for the last 20 days is -7.98% for TREX’s stock, with a simple moving average of 16.11% for the last 200 days.
Is It Worth Investing in TREX Co., Inc. (NYSE: TREX) Right Now?
The price-to-earnings ratio for TREX Co., Inc. (NYSE: TREX) is 46.60x, which is above its average ratio. Moreover, the 36-month beta value for TREX is 1.61. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for TREX is 107.94M and currently, short sellers hold a 4.67% of that float. On April 19, 2024, TREX’s average trading volume was 819.02K shares.
TREX) stock’s latest price update
The stock of TREX Co., Inc. (NYSE: TREX) has increased by 0.21 when compared to last closing price of 87.77.Despite this, the company has seen a loss of -5.19% in its stock price over the last five trading days. Business Wire reported 2024-04-18 that WINCHESTER, Va.–(BUSINESS WIRE)–Trex Company, Inc. [NYSE:TREX], the world’s #1 brand of high-performance, low-maintenance and eco-friendly composite decking and railing and a leader in outdoor living products, will issue its first quarter 2024 earnings release on Thursday, May 9, 2024, after the close of the U.S. market. You are invited to participate in the Company’s conference call hosted by senior management on May 9, 2024, at 5:00 PM ET. Their prepared remarks will be followed by a questi.
Analysts’ Opinion of TREX
Many brokerage firms have already submitted their reports for TREX stocks, with JP Morgan repeating the rating for TREX by listing it as a “Neutral.” The predicted price for TREX in the upcoming period, according to JP Morgan is $79 based on the research report published on December 14, 2023 of the previous year 2023.
Barclays, on the other hand, stated in their research note that they expect to see TREX reach a price target of $74, previously predicting the price at $66. The rating they have provided for TREX stocks is “Underweight” according to the report published on December 13th, 2023.
TREX Trading at -6.38% from the 50-Day Moving Average
After a stumble in the market that brought TREX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.70% of loss for the given period.
Volatility was left at 2.51%, however, over the last 30 days, the volatility rate increased by 2.71%, as shares sank -10.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.72% upper at present.
During the last 5 trading sessions, TREX fell by -5.19%, which changed the moving average for the period of 200-days by +35.41% in comparison to the 20-day moving average, which settled at $95.05. In addition, TREX Co., Inc. saw 6.23% 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 TREX starting from Rudolph Jacob T., who purchase 35 shares at the price of $70.37 back on Apr 04 ’24. After this action, Rudolph Jacob T. now owns 42,186 shares of TREX Co., Inc., valued at $2,463 using the latest closing price.
FAIRBANKS BRYAN HORIX, the President and CEO of TREX Co., Inc., sale 6,164 shares at $95.95 during a trade that took place back on Mar 04 ’24, which means that FAIRBANKS BRYAN HORIX is holding 143,544 shares at $591,413 based on the most recent closing price.
Stock Fundamentals for TREX
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.41 for the gross margin
The net margin for TREX Co., Inc. stands at 0.19. The total capital return value is set at 0.32. Equity return is now at value 33.26, with 21.43 for asset returns.
Based on TREX Co., Inc. (TREX), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 12.17. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 46034.33.
Currently, EBITDA for the company is 326.39 million with net debt to EBITDA at 0.09. When we switch over and look at the enterprise to sales, we see a ratio of 8.75. The receivables turnover for the company is 21.57for trailing twelve months and the total asset turnover is 1.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.89.
Conclusion
To wrap up, the performance of TREX Co., Inc. (TREX) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
