The stock price of Terex Corp. (NYSE: TEX) has plunged by -4.74 when compared to previous closing price of 54.26, but the company has seen a -2.27% decline in its stock price over the last five trading sessions. zacks.com reported 2024-10-30 that While the top- and bottom-line numbers for Terex (TEX) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Is It Worth Investing in Terex Corp. (NYSE: TEX) Right Now?
The price-to-earnings ratio for Terex Corp. (NYSE: TEX) is above average at 7.08x. The 36-month beta value for TEX is also noteworthy at 1.53. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 10 rating it as “hold,” and 2 rating it as “sell.”
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The public float for TEX is 65.19M, and at present, short sellers hold a 7.70% of that float. The average trading volume of TEX on October 30, 2024 was 821.88K shares.
TEX’s Market Performance
The stock of Terex Corp. (TEX) has seen a -2.27% decrease in the past week, with a -0.14% drop in the past month, and a -11.99% fall in the past quarter. The volatility ratio for the week is 2.71%, and the volatility levels for the past 30 days are at 3.00% for TEX. The simple moving average for the past 20 days is -4.12% for TEX’s stock, with a -9.82% simple moving average for the past 200 days.
Analysts’ Opinion of TEX
Citigroup, on the other hand, stated in their research note that they expect to see TEX reach a price target of $60. The rating they have provided for TEX stocks is “Neutral” according to the report published on June 26th, 2024.
JP Morgan gave a rating of “Neutral” to TEX, setting the target price at $63 in the report published on March 18th of the current year.
TEX Trading at -3.14% from the 50-Day Moving Average
After a stumble in the market that brought TEX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.08% of loss for the given period.
Volatility was left at 3.00%, however, over the last 30 days, the volatility rate increased by 2.71%, as shares surge +0.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.89% lower at present.
During the last 5 trading sessions, TEX fell by -2.38%, which changed the moving average for the period of 200-days by -9.12% in comparison to the 20-day moving average, which settled at $53.91. In addition, Terex Corp. saw -10.04% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TEX starting from RUSH ANDRA, who purchase 2,205 shares at the price of $54.36 back on Aug 02 ’24. After this action, RUSH ANDRA now owns 21,983 shares of Terex Corp., valued at $119,864 using the latest closing price.
POSNER SCOTT, the Senior V.P., Gen Counsel Sec. of Terex Corp., sale 12,500 shares at $60.48 during a trade that took place back on May 24 ’24, which means that POSNER SCOTT is holding 58,224 shares at $756,000 based on the most recent closing price.
Stock Fundamentals for TEX
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.23 for the gross margin
The net margin for Terex Corp. stands at 0.1. The total capital return value is set at 0.23. Equity return is now at value 30.48, with 13.80 for asset returns.
Based on Terex Corp. (TEX), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.54. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is 21.37.
Currently, EBITDA for the company is 699.4 million with net debt to EBITDA at 0.5. When we switch over and look at the enterprise to sales, we see a ratio of 0.73. The receivables turnover for the company is 7.21for trailing twelve months and the total asset turnover is 1.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.21.
Conclusion
In summary, Terex Corp. (TEX) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
