Beacon Roofing Supply Inc (NASDAQ: BECN)’s stock price has plunge by 3.18relation to previous closing price of 84.85. Nevertheless, the company has seen a 0.10% surge in its stock price over the last five trading sessions. zacks.com reported 2024-09-17 that Beacon expands its market reach with the launch of its digital platform, Beacon PRO+, in the Canadian market.
Is It Worth Investing in Beacon Roofing Supply Inc (NASDAQ: BECN) Right Now?
Company’s 36-month beta value is 1.55.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 6 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for BECN is 61.40M, and currently, short sellers hold a 2.02% ratio of that floaft. The average trading volume of BECN on September 27, 2024 was 764.42K shares.
BECN’s Market Performance
BECN stock saw a decrease of 0.10% in the past week, with a monthly decline of -1.88% and a quarterly a decrease of -3.78%. The volatility ratio for the week is 2.38%, and the volatility levels for the last 30 days are 2.92% for Beacon Roofing Supply Inc (BECN). The simple moving average for the past 20 days is 3.40% for BECN’s stock, with a -3.21% simple moving average for the past 200 days.
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 -1.09% 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 -16.95% of loss for the given period.
Volatility was left at 2.92%, however, over the last 30 days, the volatility rate increased by 2.38%, as shares sank -1.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.42% lower at present.
During the last 5 trading sessions, BECN rose by +0.10%, which changed the moving average for the period of 200-days by +8.76% in comparison to the 20-day moving average, which settled at $84.61. In addition, Beacon Roofing Supply Inc saw 0.61% 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 Taylor Jason L, who sale 2,500 shares at the price of $79.78 back on Sep 11 ’24. After this action, Taylor Jason L now owns 11,731 shares of Beacon Roofing Supply Inc, valued at $199,451 using the latest closing price.
JASON TAYLOR, the Officer of Beacon Roofing Supply Inc, proposed sale 2,500 shares at $80.11 during a trade that took place back on Sep 11 ’24, which means that JASON TAYLOR is holding shares at $200,275 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 0.92. 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 a nutshell, Beacon Roofing Supply Inc (BECN) has experienced a mixed 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.
