Resideo Technologies Inc (NYSE: REZI)’s stock price has gone decline by -0.68 in comparison to its previous close of 21.90, however, the company has experienced a 10.57% increase in its stock price over the last five trading days. zacks.com reported 2024-11-07 that Resideo Technologies (REZI) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.41 per share a year ago.
Is It Worth Investing in Resideo Technologies Inc (NYSE: REZI) Right Now?
Resideo Technologies Inc (NYSE: REZI) has a price-to-earnings ratio of 18.25x that is above its average ratio. Additionally, the 36-month beta value for REZI is 2.10. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for REZI is 144.12M and currently, short sellers hold a 1.57% ratio of that float. The average trading volume of REZI on November 08, 2024 was 916.45K shares.
REZI’s Market Performance
REZI stock saw an increase of 10.57% in the past week, with a monthly gain of 8.91% and a quarterly increase of 16.06%. The volatility ratio for the week is 3.17%, and the volatility levels for the last 30 days are 2.56% for Resideo Technologies Inc (REZI). The simple moving average for the past 20 days is 5.14% for REZI’s stock, with a 6.76% simple moving average for the past 200 days.
Analysts’ Opinion of REZI
Many brokerage firms have already submitted their reports for REZI stocks, with Evercore ISI repeating the rating for REZI by listing it as a “Outperform.” The predicted price for REZI in the upcoming period, according to Evercore ISI is $25 based on the research report published on August 09, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see REZI reach a price target of $22. The rating they have provided for REZI stocks is “Overweight” according to the report published on July 05th, 2023.
Imperial Capital gave a rating of “In-line” to REZI, setting the target price at $27 in the report published on November 02nd of the previous year.
REZI Trading at 9.46% from the 50-Day Moving Average
After a stumble in the market that brought REZI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.17% of loss for the given period.
Volatility was left at 2.56%, however, over the last 30 days, the volatility rate increased by 3.17%, as shares surge +9.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.14% upper at present.
During the last 5 trading sessions, REZI rose by +10.57%, which changed the moving average for the period of 200-days by +30.40% in comparison to the 20-day moving average, which settled at $20.69. In addition, Resideo Technologies Inc saw 15.57% 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 REZI starting from Beskid Tina M, who sale 7,057 shares at the price of $21.67 back on May 21 ’24. After this action, Beskid Tina M now owns 52,824 shares of Resideo Technologies Inc, valued at $152,943 using the latest closing price.
LAZAR JACK R, the Director of Resideo Technologies Inc, sale 9,000 shares at $21.80 during a trade that took place back on May 14 ’24, which means that LAZAR JACK R is holding 91,168 shares at $196,210 based on the most recent closing price.
Stock Fundamentals for REZI
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.27 for the gross margin
The net margin for Resideo Technologies Inc stands at 0.03. The total capital return value is set at 0.08. Equity return is now at value 5.90, with 2.42 for asset returns.
Based on Resideo Technologies Inc (REZI), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is 8.88.
Currently, EBITDA for the company is 687.0 million with net debt to EBITDA at 3.01. When we switch over and look at the enterprise to sales, we see a ratio of 0.81. The receivables turnover for the company is 5.76for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.81.
Conclusion
In conclusion, Resideo Technologies Inc (REZI) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
