The stock of TREX Co., Inc. (TREX) has seen a 3.71% increase in the past week, with a 1.40% gain in the past month, and a 3.33% flourish in the past quarter. The volatility ratio for the week is 2.48%, and the volatility levels for the past 30 days are at 2.84% for TREX. The simple moving average for the last 20 days is 3.74% for TREX stock, with a simple moving average of 20.60% for the last 200 days.
Is It Worth Investing in TREX Co., Inc. (NYSE: TREX) Right Now?
TREX Co., Inc. (NYSE: TREX) has a price-to-earnings ratio of 49.49x that is above its average ratio. Additionally, the 36-month beta value for TREX is 1.58. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
The public float for TREX is 107.94M and currently, short sellers hold a 4.55% ratio of that float. The average trading volume of TREX on May 10, 2024 was 718.69K shares.
TREX) stock’s latest price update
TREX Co., Inc. (NYSE: TREX)’s stock price has plunge by 2.89relation to previous closing price of 90.79. Nevertheless, the company has seen a 3.71% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-09 that Trex (TREX) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.38 per share a year ago.
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 -0.22% 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 -8.34% of loss for the given period.
Volatility was left at 2.84%, however, over the last 30 days, the volatility rate increased by 2.48%, as shares surge +0.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.98% upper at present.
During the last 5 trading sessions, TREX rose by +3.71%, which changed the moving average for the period of 200-days by +38.47% in comparison to the 20-day moving average, which settled at $90.07. In addition, TREX Co., Inc. saw 12.83% 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 9.3. 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
In conclusion, TREX Co., Inc. (TREX) has seen better performance in recent times. Analysts have a mixed 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.
