In the past week, BECN stock has gone down by -2.35%, with a monthly gain of 7.87% and a quarterly surge of 7.81%. The volatility ratio for the week is 3.65%, and the volatility levels for the last 30 days are 3.07% for Beacon Roofing Supply Inc The simple moving average for the last 20 days is -1.65% for BECN stock, with a simple moving average of 0.84% for the last 200 days.
Is It Worth Investing in Beacon Roofing Supply Inc (NASDAQ: BECN) Right Now?
Moreover, the 36-month beta value for BECN is 1.55. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 6 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for BECN is 61.40M and currently, short sellers hold a 2.31% of that float. On November 01, 2024, BECN’s average trading volume was 752.02K shares.
BECN) stock’s latest price update
The stock price of Beacon Roofing Supply Inc (NASDAQ: BECN) has plunged by -3.56 when compared to previous closing price of 95.47, but the company has seen a -2.35% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-31 that Beacon Roofing Supply, Inc. (NASDAQ:BECN ) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Binit Sanghvi – Vice President of Capital Markets and Treasurer Julian Francis – President and Chief Executive Officer Prithvi Gandhi – Chief Financial Officer Conference Call Participants Philip Ng – Jefferies Group LLC Brian Biros – Thompson Research Group Ryan Merkel – William Blair & Company Ketan Mamtora – BMO Capital Markets Michael Rehaut – JPMorgan Chase & Co. Michael Dahl – RBC Capital Markets David Manthey – Robert W. Baird & Co. Garik Shmois – Loop Capital Markets David MacGregor – Longbow Research Adam Baumgarten – Zelman & Associates LLC Operator Good morning, ladies and gentlemen, and welcome to the Beacon Third Quarter 2024 Earnings Call.
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 3.63% 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 -12.66% of loss for the given period.
Volatility was left at 3.07%, however, over the last 30 days, the volatility rate increased by 3.65%, as shares surge +6.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.13% upper at present.
During the last 5 trading sessions, BECN fell by -2.35%, which changed the moving average for the period of 200-days by +9.45% in comparison to the 20-day moving average, which settled at $93.62. In addition, Beacon Roofing Supply Inc saw 5.80% 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 2,600 shares at the price of $90.00 back on Oct 07 ’24. After this action, Taylor Jason L now owns 9,131 shares of Beacon Roofing Supply Inc, valued at $234,000 using the latest closing price.
JASON TAYLOR, the Officer of Beacon Roofing Supply Inc, proposed sale 2,600 shares at $88.75 during a trade that took place back on Oct 07 ’24, which means that JASON TAYLOR is holding shares at $230,750 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 0.95. 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
To wrap up, the performance of Beacon Roofing Supply Inc (BECN) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
