In the past week, TCN stock has gone up by 1.63%, with a monthly gain of 0.72% and a quarterly surge of 1.91%. The volatility ratio for the week is 0.31%, and the volatility levels for the last 30 days are 1.35% for Tricon Residential Inc The simple moving average for the past 20 days is 1.13% for TCN’s stock, with a 22.50% simple moving average for the past 200 days.
Is It Worth Investing in Tricon Residential Inc (NYSE: TCN) Right Now?
Tricon Residential Inc (NYSE: TCN) has a higher price-to-earnings ratio of 31.10x compared to its average ratio, Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for TCN is 239.29M, and currently, shorts hold a 1.90% of that float. The average trading volume for TCN on April 29, 2024 was 6.18M shares.
TCN) stock’s latest price update
Tricon Residential Inc (NYSE: TCN)’s stock price has plunge by 0.09relation to previous closing price of 11.22. Nevertheless, the company has seen a 1.63% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-20 that I have suffered many losses over the years. But fortunately, I have had many more winners than losers. I discuss some of my best REIT investments and lessons that they taught me.
TCN Trading at 1.04% from the 50-Day Moving Average
After a stumble in the market that brought TCN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with 0.00% of loss for the given period.
Volatility was left at 1.35%, however, over the last 30 days, the volatility rate increased by 0.31%, as shares surge +0.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.72% upper at present.
During the last 5 trading sessions, TCN rose by +1.63%, which changed the moving average for the period of 200-days by +23.00% in comparison to the 20-day moving average, which settled at $11.11. In addition, Tricon Residential Inc saw 23.41% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TCN
Current profitability levels for the company are sitting at:
- 0.4 for the present operating margin
- 0.61 for the gross margin
The net margin for Tricon Residential Inc stands at 0.13. The total capital return value is set at 0.03. Equity return is now at value 2.98, with 0.89 for asset returns.
Based on Tricon Residential Inc (TCN), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 1.65. The interest coverage ratio of the stock is 1.12.
Currently, EBITDA for the company is 263.79 million with net debt to EBITDA at 16.87. When we switch over and look at the enterprise to sales, we see a ratio of 10.74. The receivables turnover for the company is 30.78for trailing twelve months and the total asset turnover is 0.06.
Conclusion
In conclusion, Tricon Residential Inc (TCN) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
