Resideo Technologies Inc (NYSE: REZI)’s stock price has increased by 5.34 compared to its previous closing price of 19.09. However, the company has seen a 9.29% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-08-28 that 10-point increase in EcoVadis score New carbon reduction targets for Scope 1 and 2 GHG emissions SCOTTSDALE, Ariz., Aug. 28, 2024 /PRNewswire/ — Resideo Technologies Inc. (NYSE: REZI), a leading global provider of home comfort, life safety and security solutions, and distributor of commercial and residential security, safety, smart-living and audio-visual products, today released its 2023 Environmental, Social and Governance (ESG) report, detailing its ESG progress, new climate commitments, and continued execution of its ESG strategy1.
Is It Worth Investing in Resideo Technologies Inc (NYSE: REZI) Right Now?
The price-to-earnings ratio for Resideo Technologies Inc (NYSE: REZI) is above average at 16.88x, Company’s 36-month beta value is 2.08.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for REZI is 144.13M, and currently, short sellers hold a 2.74% ratio of that floaft. The average trading volume of REZI on September 20, 2024 was 798.46K shares.
REZI’s Market Performance
REZI stock saw an increase of 9.29% in the past week, with a monthly gain of 7.77% and a quarterly increase of 3.39%. The volatility ratio for the week is 3.17%, and the volatility levels for the last 30 days are 3.00% for Resideo Technologies Inc (REZI). The simple moving average for the past 20 days is 4.85% for REZI’s stock, with a 1.01% simple moving average for the past 200 days.
Analysts’ Opinion of REZI
Many brokerage firms have already submitted their reports for REZI stocks, with Evercore ISI repeating the rating for REZI by listing it as a “Outperform.” The predicted price for REZI in the upcoming period, according to Evercore ISI is $25 based on the research report published on August 09, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see REZI reach a price target of $22. The rating they have provided for REZI stocks is “Overweight” according to the report published on July 05th, 2023.
Imperial Capital gave a rating of “In-line” to REZI, setting the target price at $27 in the report published on November 02nd of the previous year.
REZI Trading at 0.90% from the 50-Day Moving Average
After a stumble in the market that brought REZI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.17% of loss for the given period.
Volatility was left at 3.00%, however, over the last 30 days, the volatility rate increased by 3.17%, as shares surge +4.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.20% upper at present.
During the last 5 trading sessions, REZI rose by +9.29%, which changed the moving average for the period of 200-days by +19.63% in comparison to the 20-day moving average, which settled at $19.22. In addition, Resideo Technologies Inc saw 6.85% 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 REZI starting from Beskid Tina M, who sale 7,057 shares at the price of $21.67 back on May 21 ’24. After this action, Beskid Tina M now owns 52,824 shares of Resideo Technologies Inc, valued at $152,943 using the latest closing price.
LAZAR JACK R, the Director of Resideo Technologies Inc, sale 9,000 shares at $21.80 during a trade that took place back on May 14 ’24, which means that LAZAR JACK R is holding 91,168 shares at $196,210 based on the most recent closing price.
Stock Fundamentals for REZI
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.27 for the gross margin
The net margin for Resideo Technologies Inc stands at 0.03. The total capital return value is set at 0.08. Equity return is now at value 5.90, with 2.42 for asset returns.
Based on Resideo Technologies Inc (REZI), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is 8.88.
Currently, EBITDA for the company is 687.0 million with net debt to EBITDA at 3.01. 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 5.76for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.81.
Conclusion
In a nutshell, Resideo Technologies Inc (REZI) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
