In the past week, BECN stock has gone up by 2.06%, with a monthly decline of -13.30% and a quarterly plunge of -7.44%. The volatility ratio for the week is 2.59%, and the volatility levels for the last 30 days are 3.45% for Beacon Roofing Supply Inc. The simple moving average for the past 20 days is 3.00% for BECN’s stock, with a -1.07% simple moving average for the past 200 days.
Is It Worth Investing in Beacon Roofing Supply Inc (NASDAQ: BECN) Right Now?
The 36-month beta value for BECN is at 1.56. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 6 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for BECN is 61.41M, and currently, shorts hold a 2.64% of that float. The average trading volume for BECN on August 30, 2024 was 759.18K shares.
BECN) stock’s latest price update
The stock price of Beacon Roofing Supply Inc (NASDAQ: BECN) has jumped by 0.34 compared to previous close of 88.83. Despite this, the company has seen a gain of 2.06% in its stock price over the last five trading days. businesswire.com reported 2024-08-02 that HERNDON, Va.–(BUSINESS WIRE)—- $becn #Ambition2025–Beacon (Nasdaq: BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and related exterior products, announced today that it has completed the acquisition of Passaic Metal and Building Supplies Co. and certain affiliated companies (“PAMPCO”) headquartered in Clifton, New Jersey. PAMPCO has five branches in New Jersey and one in upstate New York. PAMPCO’s roots in metal, roofing and siding date back to 1911. “Four generatio.
Analysts’ Opinion of BECN
Many brokerage firms have already submitted their reports for BECN stocks, with The Benchmark Company repeating the rating for BECN by listing it as a “Buy.” The predicted price for BECN in the upcoming period, according to The Benchmark Company is $135 based on the research report published on April 18, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see BECN reach a price target of $115, previously predicting the price at $99. The rating they have provided for BECN stocks is “Outperform” according to the report published on February 29th, 2024.
BECN Trading at -2.55% from the 50-Day Moving Average
After a stumble in the market that brought BECN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.45% of loss for the given period.
Volatility was left at 3.45%, however, over the last 30 days, the volatility rate increased by 2.59%, as shares sank -9.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.92% lower at present.
During the last 5 trading sessions, BECN rose by +2.06%, which changed the moving average for the period of 200-days by +17.45% in comparison to the 20-day moving average, which settled at $86.08. In addition, Beacon Roofing Supply Inc saw 2.42% 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 BECN starting from Gandhi Prithvi, who purchase 5,000 shares at the price of $82.29 back on Aug 07 ’24. After this action, Gandhi Prithvi now owns 5,000 shares of Beacon Roofing Supply Inc, valued at $411,450 using the latest closing price.
Nelson Christopher Carl, the EVP & CTO of Beacon Roofing Supply Inc, sale 1,627 shares at $85.00 during a trade that took place back on Aug 02 ’24, which means that Nelson Christopher Carl is holding 320 shares at $138,295 based on the most recent closing price.
Stock Fundamentals for BECN
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.26 for the gross margin
The net margin for Beacon Roofing Supply Inc stands at -0.0. The total capital return value is set at 0.14. Equity return is now at value 18.28, with 5.52 for asset returns.
Based on Beacon Roofing Supply Inc (BECN), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2.
Currently, EBITDA for the company is 895.8 million with net debt to EBITDA at 3.47. When we switch over and look at the enterprise to sales, we see a ratio of 0.93. The receivables turnover for the company is 5.79for trailing twelve months and the total asset turnover is 1.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.90.
Conclusion
In conclusion, Beacon Roofing Supply Inc (BECN) has had a mixed 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.
