TE Connectivity plc (NYSE: TEL)’s stock price has gone decline by -0.63 in comparison to its previous close of 147.73, however, the company has experienced a 0.35% increase in its stock price over the last five trading days. businesswire.com reported 2024-10-15 that PHOENIX–(BUSINESS WIRE)–Spirit Electronics announces franchised distribution for TE Connectivity’s sensor product lines. TE Sensors are engineered for performance and reliability, offering flexible and durable solutions for Spirit’s aerospace and defense customers. “Sensors are critical to military and space, and TE Connectivity has the flight heritage to offer some of the best flexible and reliable sensing solutions,” says Spirit CEO Marti McCurdy. “In space and in flight, sensors are the in.
Is It Worth Investing in TE Connectivity plc (NYSE: TEL) Right Now?
TE Connectivity plc (NYSE: TEL) has a higher price-to-earnings ratio of 13.21x compared to its average ratio, The 36-month beta value for TEL is at 1.33. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 5 rating it as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for TEL is 303.54M, and currently, shorts hold a 1.02% of that float. The average trading volume for TEL on October 23, 2024 was 1.63M shares.
TEL’s Market Performance
TEL’s stock has seen a 0.35% increase for the week, with a -1.14% drop in the past month and a -6.41% fall in the past quarter. The volatility ratio for the week is 1.80%, and the volatility levels for the past 30 days are at 1.75% for TE Connectivity plc The simple moving average for the last 20 days is -0.29% for TEL’s stock, with a simple moving average of 0.63% for the last 200 days.
Analysts’ Opinion of TEL
HSBC Securities, on the other hand, stated in their research note that they expect to see TEL reach a price target of $162. The rating they have provided for TEL stocks is “Hold” according to the report published on July 24th, 2024.
Vertical Research gave a rating of “Hold” to TEL, setting the target price at $155 in the report published on July 23rd of the current year.
TEL Trading at -0.76% from the 50-Day Moving Average
After a stumble in the market that brought TEL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.24% of loss for the given period.
Volatility was left at 1.75%, however, over the last 30 days, the volatility rate increased by 1.80%, as shares sank -1.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.45% upper at present.
During the last 5 trading sessions, TEL rose by +0.35%, which changed the moving average for the period of 200-days by +10.92% in comparison to the 20-day moving average, which settled at $147.22. In addition, TE Connectivity plc saw 4.48% 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 TEL starting from Kroeger Shadrak W, who sale 8,750 shares at the price of $151.41 back on Sep 03 ’24. After this action, Kroeger Shadrak W now owns 25,976 shares of TE Connectivity plc, valued at $1,324,799 using the latest closing price.
SHADRAK KROEGER, the Officer of TE Connectivity plc, proposed sale 8,750 shares at $151.41 during a trade that took place back on Sep 03 ’24, which means that SHADRAK KROEGER is holding shares at $1,324,799 based on the most recent closing price.
Stock Fundamentals for TEL
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.34 for the gross margin
The net margin for TE Connectivity plc stands at 0.22. The total capital return value is set at 0.16. Equity return is now at value 28.95, with 15.57 for asset returns.
Based on TE Connectivity plc (TEL), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.85. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is 38.41.
Currently, EBITDA for the company is 3.52 billion with net debt to EBITDA at 0.73. When we switch over and look at the enterprise to sales, we see a ratio of 2.99. The receivables turnover for the company is 5.47for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.51.
Conclusion
In conclusion, TE Connectivity plc (TEL) 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
