The price-to-earnings ratio for Tecnoglass Inc (NYSE: TGLS) is above average at 13.68x, Company’s 36-month beta value is 1.79.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for TGLS is 21.97M, and currently, short sellers hold a 8.11% ratio of that floaft. The average trading volume of TGLS on May 02, 2024 was 367.05K shares.
TGLS) stock’s latest price update
Tecnoglass Inc (NYSE: TGLS)’s stock price has gone decline by -5.29 in comparison to its previous close of 55.55, however, the company has experienced a -5.89% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-11 that Several stocks are bucking the recent selling pressure amid a hot inflation print.
TGLS’s Market Performance
TGLS’s stock has fallen by -5.89% in the past week, with a monthly rise of 3.67% and a quarterly rise of 14.34%. The volatility ratio for the week is 2.97% while the volatility levels for the last 30 days are 3.57% for Tecnoglass Inc The simple moving average for the past 20 days is -6.27% for TGLS’s stock, with a 25.03% simple moving average for the past 200 days.
Analysts’ Opinion of TGLS
Stifel, on the other hand, stated in their research note that they expect to see TGLS reach a price target of $45, previously predicting the price at $48. The rating they have provided for TGLS stocks is “Hold” according to the report published on February 14th, 2024.
Stifel gave a rating of “Buy” to TGLS, setting the target price at $60 in the report published on June 15th of the previous year.
TGLS Trading at 3.57% from the 50-Day Moving Average
After a stumble in the market that brought TGLS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.96% of loss for the given period.
Volatility was left at 3.57%, however, over the last 30 days, the volatility rate increased by 2.97%, as shares surge +0.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.56% upper at present.
During the last 5 trading sessions, TGLS fell by -5.89%, which changed the moving average for the period of 200-days by -2.36% in comparison to the 20-day moving average, which settled at $56.13. In addition, Tecnoglass Inc saw 15.10% 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 TGLS starting from Giraldo Santiago, who purchase 563 shares at the price of $44.47 back on Mar 08 ’24. After this action, Giraldo Santiago now owns 563 shares of Tecnoglass Inc, valued at $25,037 using the latest closing price.
Energy Holding Corp, the 10% Owner of Tecnoglass Inc, sale 2,300,000 shares at $41.06 during a trade that took place back on May 19 ’23, which means that Energy Holding Corp is holding 24,628,108 shares at $94,449,500 based on the most recent closing price.
Stock Fundamentals for TGLS
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 0.47 for the gross margin
The net margin for Tecnoglass Inc stands at 0.22. The total capital return value is set at 0.36. Equity return is now at value 40.78, with 21.55 for asset returns.
Based on Tecnoglass Inc (TGLS), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.83. The debt to equity ratio resting at 0.31. The interest coverage ratio of the stock is 57.37.
Currently, EBITDA for the company is 283.62 million with net debt to EBITDA at 0.15. When we switch over and look at the enterprise to sales, we see a ratio of 3.02. The receivables turnover for the company is 4.43for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.27.
Conclusion
In a nutshell, Tecnoglass Inc (TGLS) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
