The stock of TE Connectivity Ltd (TEL) has seen a -1.22% decrease in the past week, with a -1.72% drop in the past month, and a -2.58% decrease in the past quarter. The volatility ratio for the week is 1.80%, and the volatility levels for the past 30 days are at 1.81% for TEL. The simple moving average for the last 20 days is -1.16% for TEL’s stock, with a simple moving average of 4.98% for the last 200 days.
Is It Worth Investing in TE Connectivity Ltd (NYSE: TEL) Right Now?
TE Connectivity Ltd (NYSE: TEL) has a price-to-earnings ratio of 12.96x that is above its average ratio. Additionally, the 36-month beta value for TEL is 1.37. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 5 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
The public float for TEL is 305.67M and currently, short sellers hold a 0.93% ratio of that float. The average trading volume of TEL on May 01, 2024 was 2.16M shares.
TEL) stock’s latest price update
The stock price of TE Connectivity Ltd (NYSE: TEL) has dropped by -0.94 compared to previous close of 142.82. Despite this, the company has seen a fall of -1.22% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-29 that Examine the evolution of TE Connectivity’s (TEL) overseas revenue trends and their effects on Wall Street’s forecasts and the stock’s prospects.
Analysts’ Opinion of TEL
Many brokerage firms have already submitted their reports for TEL stocks, with Jefferies repeating the rating for TEL by listing it as a “Buy.” The predicted price for TEL in the upcoming period, according to Jefferies is $180 based on the research report published on April 09, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see TEL reach a price target of $146. The rating they have provided for TEL stocks is “Neutral” according to the report published on January 05th, 2024.
Wells Fargo gave a rating of “Equal Weight” to TEL, setting the target price at $144 in the report published on December 15th of the previous year.
TEL Trading at -0.72% from the 50-Day Moving Average
After a stumble in the market that brought TEL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.39% of loss for the given period.
Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 1.80%, as shares sank -0.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.65% lower at present.
During the last 5 trading sessions, TEL fell by -1.22%, which changed the moving average for the period of 200-days by +0.17% in comparison to the 20-day moving average, which settled at $143.07. In addition, TE Connectivity Ltd saw 0.70% 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 TEL starting from Trudeau Mark, who sale 7,044 shares at the price of $141.49 back on Apr 29 ’24. After this action, Trudeau Mark now owns 5,917 shares of TE Connectivity Ltd, valued at $996,656 using the latest closing price.
Kroeger Shadrak W, the Pres., Industrial Solutions of TE Connectivity Ltd, sale 5,000 shares at $142.76 during a trade that took place back on Mar 01 ’24, which means that Kroeger Shadrak W is holding 25,976 shares at $713,796 based on the most recent closing price.
Stock Fundamentals for TEL
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.33 for the gross margin
The net margin for TE Connectivity Ltd stands at 0.22. The total capital return value is set at 0.15. Equity return is now at value 29.20, with 15.46 for asset returns.
Based on TE Connectivity Ltd (TEL), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.8. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is 71.0.
Currently, EBITDA for the company is 3.52 billion with net debt to EBITDA at 0.82. When we switch over and look at the enterprise to sales, we see a ratio of 2.93. The receivables turnover for the company is 5.51for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.45.
Conclusion
In conclusion, TE Connectivity Ltd (TEL) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
