PHINIA Inc (NYSE: PHIN) has a price-to-earnings ratio of 17.08x that is above its average ratio. Additionally, the 36-month beta value for PHIN is 0.71. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for PHIN is 44.78M and currently, short sellers hold a 4.08% ratio of that float. The average trading volume of PHIN on June 28, 2024 was 605.68K shares.
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PHIN) stock’s latest price update
PHINIA Inc (NYSE: PHIN)’s stock price has gone rise by 1.49 in comparison to its previous close of 38.78, however, the company has experienced a -1.12% decrease in its stock price over the last five trading days. businesswire.com reported 2024-06-25 that AUBURN HILLS, Mich.–(BUSINESS WIRE)–PHINIA Inc. (“PHINIA” or the “Company”) (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket products, today announced that its Board of Directors has elected Meggan M. Walsh to the Board, effective July 1, 2024. Ms. Walsh’s Board committee appointment will be approved by the Board at a later date. Ms. Walsh, 60, most recently served as a Senior Portfolio Manager and Head, Dividend Value with Invesco Ltd., a global independent.
PHIN’s Market Performance
PHINIA Inc (PHIN) has seen a -1.12% fall in stock performance for the week, with a -10.57% decline in the past month and a 2.41% surge in the past quarter. The volatility ratio for the week is 2.79%, and the volatility levels for the past 30 days are at 2.82% for PHIN. The simple moving average for the last 20 days is -6.19% for PHIN’s stock, with a simple moving average of 19.31% for the last 200 days.
Analysts’ Opinion of PHIN
Many brokerage firms have already submitted their reports for PHIN stocks, with Morgan Stanley repeating the rating for PHIN by listing it as a “Overweight.” The predicted price for PHIN in the upcoming period, according to Morgan Stanley is $50 based on the research report published on March 11, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see PHIN reach a price target of $36. The rating they have provided for PHIN stocks is “Outperform” according to the report published on September 05th, 2023.
PHIN Trading at -6.03% from the 50-Day Moving Average
After a stumble in the market that brought PHIN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.58% of loss for the given period.
Volatility was left at 2.82%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares sank -12.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.88% upper at present.
During the last 5 trading sessions, PHIN fell by -1.23%, which changed the moving average for the period of 200-days by +50.33% in comparison to the 20-day moving average, which settled at $41.68. In addition, PHINIA Inc saw 29.93% 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 PHIN starting from Kendrick Robin, who purchase 94 shares at the price of $41.12 back on Jun 13 ’24. After this action, Kendrick Robin now owns 15,634 shares of PHINIA Inc, valued at $3,885 using the latest closing price.
Boyle Robert, the VP, GC and Secretary of PHINIA Inc, sale 1,828 shares at $43.77 during a trade that took place back on Jun 07 ’24, which means that Boyle Robert is holding 36,337 shares at $79,999 based on the most recent closing price.
Stock Fundamentals for PHIN
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.21 for the gross margin
The net margin for PHINIA Inc stands at 0.03. The total capital return value is set at 0.1. Equity return is now at value 5.93, with 2.64 for asset returns.
Based on PHINIA Inc (PHIN), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at 0.44. The interest coverage ratio of the stock is 3.97.
Currently, EBITDA for the company is 547.0 million with net debt to EBITDA at 1.43. When we switch over and look at the enterprise to sales, we see a ratio of 0.66. The receivables turnover for the company is 3.44for trailing twelve months and the total asset turnover is 0.89. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.71.
Conclusion
In conclusion, PHINIA Inc (PHIN) has seen mixed 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’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.
