The stock of Terex Corp. (TEX) has seen a 1.92% increase in the past week, with a -5.32% drop in the past month, and a -16.54% decrease in the past quarter. The volatility ratio for the week is 2.54%, and the volatility levels for the past 30 days are at 2.87% for TEX. The simple moving average for the past 20 days is -0.66% for TEX’s stock, with a -4.13% simple moving average for the past 200 days.
Is It Worth Investing in Terex Corp. (NYSE: TEX) Right Now?
Terex Corp. (NYSE: TEX) has a higher price-to-earnings ratio of 7.16x compared to its average ratio, The 36-month beta value for TEX is at 1.58. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 10 as “hold,” and 2 as “sell.”
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The public float for TEX is 65.59M, and currently, shorts hold a 7.45% of that float. The average trading volume for TEX on July 04, 2024 was 821.04K shares.
TEX) stock’s latest price update
The stock of Terex Corp. (NYSE: TEX) has increased by 1.61 when compared to last closing price of 53.38.Despite this, the company has seen a gain of 1.92% in its stock price over the last five trading days. zacks.com reported 2024-06-24 that Investors need to pay close attention to Terex (TEX) stock based on the movements in the options market lately.
Analysts’ Opinion of TEX
Citigroup, on the other hand, stated in their research note that they expect to see TEX reach a price target of $60. The rating they have provided for TEX stocks is “Neutral” according to the report published on June 26th, 2024.
JP Morgan gave a rating of “Neutral” to TEX, setting the target price at $63 in the report published on March 18th of the current year.
TEX Trading at -6.33% from the 50-Day Moving Average
After a stumble in the market that brought TEX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.68% of loss for the given period.
Volatility was left at 2.87%, however, over the last 30 days, the volatility rate increased by 2.54%, as shares sank -3.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.75% lower at present.
During the last 5 trading sessions, TEX rose by +1.84%, which changed the moving average for the period of 200-days by -7.30% in comparison to the 20-day moving average, which settled at $54.51. In addition, Terex Corp. saw -5.60% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TEX starting from POSNER SCOTT, who sale 12,500 shares at the price of $60.48 back on May 24 ’24. After this action, POSNER SCOTT now owns 58,224 shares of Terex Corp., valued at $756,000 using the latest closing price.
JOHNSTON STEPHEN, the VP CAO and Controller of Terex Corp., sale 3,239 shares at $62.00 during a trade that took place back on May 21 ’24, which means that JOHNSTON STEPHEN is holding 14,606 shares at $200,818 based on the most recent closing price.
Stock Fundamentals for TEX
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.23 for the gross margin
The net margin for Terex Corp. stands at 0.1. The total capital return value is set at 0.24. Equity return is now at value 34.06, with 14.64 for asset returns.
Based on Terex Corp. (TEX), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.57. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is 22.06.
Currently, EBITDA for the company is 699.4 million with net debt to EBITDA at 0.51. When we switch over and look at the enterprise to sales, we see a ratio of 0.77. The receivables turnover for the company is 7.6for trailing twelve months and the total asset turnover is 1.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.16.
Conclusion
In conclusion, Terex Corp. (TEX) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
