Terex Corp. (NYSE: TEX)’s stock price has plunge by -0.85relation to previous closing price of 66.26. Nevertheless, the company has seen a -0.18% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-07-30 that The headline numbers for Terex (TEX) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in Terex Corp. (NYSE: TEX) Right Now?
Terex Corp. (NYSE: TEX) has a higher price-to-earnings ratio of 8.68x compared to its average ratio. TEX has 36-month beta value of 1.56. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 10 as “hold,” and 2 as “sell.”
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The public float for TEX is 65.59M, and currently, short sellers hold a 8.09% ratio of that float. The average trading volume of TEX on July 31, 2024 was 911.41K shares.
TEX’s Market Performance
TEX’s stock has seen a -0.18% decrease for the week, with a 19.80% rise in the past month and a 11.45% gain in the past quarter. The volatility ratio for the week is 4.09%, and the volatility levels for the past 30 days are at 4.19% for Terex Corp. The simple moving average for the past 20 days is 13.25% for TEX’s stock, with a 15.73% simple moving average for the past 200 days.
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 14.52% 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 -3.50% of loss for the given period.
Volatility was left at 4.19%, however, over the last 30 days, the volatility rate increased by 4.09%, as shares surge +22.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.90% upper at present.
During the last 5 trading sessions, TEX fell by -0.18%, which changed the moving average for the period of 200-days by +18.44% in comparison to the 20-day moving average, which settled at $58.62. In addition, Terex Corp. saw 14.34% 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 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 0.92. 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
To put it simply, Terex Corp. (TEX) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
