Resideo Technologies Inc (NYSE: REZI)’s stock price has increased by 0.15 compared to its previous closing price of 19.78. However, the company has seen a 2.17% increase in its stock price over the last five trading sessions. Seeking Alpha reported 2024-02-26 that Resideo Technologies, Inc., a producer of home products and solutions, is a good candidate for attractively priced stocks. The company operates in the connected home trend and has the potential for additional growth. Despite some volatility in revenue and profitability, management’s cost-cutting initiatives are expected to improve profitability metrics.
Is It Worth Investing in Resideo Technologies Inc (NYSE: REZI) Right Now?
The price-to-earnings ratio for Resideo Technologies Inc (NYSE: REZI) is 13.97x, which is above its average ratio. Moreover, the 36-month beta value for REZI is 2.13. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for REZI is 142.14M and currently, short sellers hold a 2.23% of that float. On April 25, 2024, REZI’s average trading volume was 997.46K shares.
REZI’s Market Performance
The stock of Resideo Technologies Inc (REZI) has seen a 2.17% increase in the past week, with a -11.96% drop in the past month, and a 18.76% gain in the past quarter. The volatility ratio for the week is 2.47%, and the volatility levels for the past 30 days are at 2.74% for REZI. The simple moving average for the last 20 days is -6.29% for REZI stock, with a simple moving average of 10.58% for the last 200 days.
Analysts’ Opinion of REZI
Many brokerage firms have already submitted their reports for REZI stocks, with JP Morgan repeating the rating for REZI by listing it as a “Overweight.” The predicted price for REZI in the upcoming period, according to JP Morgan is $22 based on the research report published on July 05, 2023 of the previous year 2023.
Imperial Capital, on the other hand, stated in their research note that they expect to see REZI reach a price target of $27. The rating they have provided for REZI stocks is “In-line” according to the report published on November 02nd, 2022.
Morgan Stanley gave a rating of “Equal-Weight” to REZI, setting the target price at $33 in the report published on March 17th of the previous year.
REZI Trading at -8.34% from the 50-Day Moving Average
After a stumble in the market that brought REZI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.65% of loss for the given period.
Volatility was left at 2.74%, however, over the last 30 days, the volatility rate increased by 2.47%, as shares sank -11.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.17% upper at present.
During the last 5 trading sessions, REZI rose by +2.17%, which changed the moving average for the period of 200-days by +14.51% in comparison to the 20-day moving average, which settled at $21.01. In addition, Resideo Technologies Inc saw 5.26% 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 REZI starting from Theodore Phillip L., who sale 20,000 shares at the price of $16.45 back on Nov 16 ’23. After this action, Theodore Phillip L. now owns 149,855 shares of Resideo Technologies Inc, valued at $329,000 using the latest closing price.
Beskid Tina M, the Chief Accounting Officer of Resideo Technologies Inc, sale 13,543 shares at $17.25 during a trade that took place back on Jun 07 ’23, which means that Beskid Tina M is holding 41,259 shares at $233,617 based on the most recent closing price.
Stock Fundamentals for REZI
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.27 for the gross margin
The net margin for Resideo Technologies Inc stands at 0.03. The total capital return value is set at 0.1. Equity return is now at value 7.96, with 3.22 for asset returns.
Based on Resideo Technologies Inc (REZI), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 0.53. The interest coverage ratio of the stock is 7.73.
Currently, EBITDA for the company is 687.0 million with net debt to EBITDA at 1.78. When we switch over and look at the enterprise to sales, we see a ratio of 0.62. The receivables turnover for the company is 6.42for trailing twelve months and the total asset turnover is 0.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.80.
Conclusion
To wrap up, the performance of Resideo Technologies Inc (REZI) has been better 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.
