In the past week, TGLS stock has gone up by 3.40%, with a monthly gain of 7.75% and a quarterly surge of 33.53%. The volatility ratio for the week is 2.82%, and the volatility levels for the last 30 days are 3.06% for Tecnoglass Inc The simple moving average for the last 20 days is 3.19% for TGLS stock, with a simple moving average of 24.96% for the last 200 days.
Is It Worth Investing in Tecnoglass Inc (NYSE: TGLS) Right Now?
Tecnoglass Inc (NYSE: TGLS) has a price-to-earnings ratio of 19.95x that is above its average ratio. Additionally, the 36-month beta value for TGLS is 1.87. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for TGLS is 21.96M and currently, short sellers hold a 16.24% ratio of that float. The average trading volume of TGLS on September 12, 2024 was 441.02K shares.
TGLS) stock’s latest price update
The stock of Tecnoglass Inc (NYSE: TGLS) has increased by 3.76 when compared to last closing price of 59.87. Despite this, the company has experienced a 3.40% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-05 that Tech initiatives and e-commerce growth boost the Building Products – Retail industry, but inflation, soft demand and lumber price deflation pose challenges. HD, LOW, FAST, BECN and TGLS look well-poised for growth.
Analysts’ Opinion of TGLS
Sidoti, on the other hand, stated in their research note that they expect to see TGLS reach a price target of $59, previously predicting the price at $56. The rating they have provided for TGLS stocks is “Neutral” according to the report published on May 01st, 2024.
Stifel gave a rating of “Hold” to TGLS, setting the target price at $45 in the report published on February 14th of the current year.
TGLS Trading at 11.52% from the 50-Day Moving Average
After a stumble in the market that brought TGLS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.59% of loss for the given period.
Volatility was left at 3.06%, however, over the last 30 days, the volatility rate increased by 2.82%, as shares surge +7.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.91% upper at present.
During the last 5 trading sessions, TGLS rose by +3.47%, which changed the moving average for the period of 200-days by +76.05% in comparison to the 20-day moving average, which settled at $60.42. In addition, Tecnoglass Inc saw 35.90% 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 TGLS starting from Giraldo Santiago, who purchase 563 shares at the price of $44.47 back on Mar 08 ’24. After this action, Giraldo Santiago now owns 563 shares of Tecnoglass Inc, valued at $25,037 using the latest closing price.
Stock Fundamentals for TGLS
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 Tecnoglass Inc stands at 0.18. The total capital return value is set at 0.28. Equity return is now at value 27.97, with 16.02 for asset returns.
Based on Tecnoglass Inc (TGLS), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 1.18. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is 50.36.
Currently, EBITDA for the company is 283.62 million with net debt to EBITDA at 0.07. When we switch over and look at the enterprise to sales, we see a ratio of 3.57. The receivables turnover for the company is 4.02for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.43.
Conclusion
In conclusion, Tecnoglass Inc (TGLS) 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.
