Teck Resources Ltd (NYSE: TECK)’s stock price has decreased by -1.45 compared to its previous closing price of 50.44. However, the company has seen a -2.53% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-10-17 that Teck Resources (TECK) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in Teck Resources Ltd (NYSE: TECK) Right Now?
Teck Resources Ltd (NYSE: TECK) has a higher price-to-earnings ratio of 24.18x compared to its average ratio, The 36-month beta value for TECK is at 1.03. Analysts have varying views on the stock, with 11 analysts rating it as a “buy,” 4 rating it as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for TECK is 506.19M, and currently, shorts hold a 1.53% of that float. The average trading volume for TECK on October 22, 2024 was 3.07M shares.
TECK’s Market Performance
The stock of Teck Resources Ltd (TECK) has seen a -2.53% decrease in the past week, with a 1.64% rise in the past month, and a 9.41% gain in the past quarter. The volatility ratio for the week is 2.45%, and the volatility levels for the past 30 days are at 2.58% for TECK. The simple moving average for the past 20 days is -2.43% for TECK’s stock, with a 8.40% simple moving average for the past 200 days.
TECK Trading at 2.55% from the 50-Day Moving Average
After a stumble in the market that brought TECK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.11% of loss for the given period.
Volatility was left at 2.58%, however, over the last 30 days, the volatility rate increased by 2.45%, as shares surge +1.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.47% upper at present.
During the last 5 trading sessions, TECK fell by -2.53%, which changed the moving average for the period of 200-days by +23.53% in comparison to the 20-day moving average, which settled at $50.95. In addition, Teck Resources Ltd saw 18.54% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TECK
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.28 for the gross margin
The net margin for Teck Resources Ltd stands at 0.09. The total capital return value is set at 0.06. Equity return is now at value 5.49, with 2.60 for asset returns.
Based on Teck Resources Ltd (TECK), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 4.17.
Currently, EBITDA for the company is 6.23 billion with net debt to EBITDA at 1.8. When we switch over and look at the enterprise to sales, we see a ratio of 2.95. The receivables turnover for the company is 7.28for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
Conclusion
In conclusion, Teck Resources Ltd (TECK) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
