The stock of TREX Co., Inc (NYSE: TREX) has decreased by -2.56 when compared to last closing price of 72.64. Despite this, the company has experienced a -1.52% fall in its stock price over the last five trading sessions. zacks.com reported 2024-11-14 that Trex expands its distribution network with Boise Cascade partnership.
Is It Worth Investing in TREX Co., Inc (NYSE: TREX) Right Now?
TREX Co., Inc (NYSE: TREX) has a higher price-to-earnings ratio of 32.26x compared to its average ratio. TREX has 36-month beta value of 1.49. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for TREX is 106.46M, and currently, short sellers hold a 4.80% ratio of that float. The average trading volume of TREX on November 15, 2024 was 1.24M shares.
TREX’s Market Performance
TREX stock saw an increase of -1.52% in the past week, with a monthly gain of 9.36% and a quarterly increase of 11.64%. The volatility ratio for the week is 2.58%, and the volatility levels for the last 30 days are 3.13% for TREX Co., Inc (TREX). The simple moving average for the last 20 days is 2.49% for TREX stock, with a simple moving average of -11.37% for the last 200 days.
Analysts’ Opinion of TREX
Many brokerage firms have already submitted their reports for TREX stocks, with Stephens repeating the rating for TREX by listing it as a “Equal-Weight.” The predicted price for TREX in the upcoming period, according to Stephens is $72 based on the research report published on August 07, 2024 of the current year 2024.
Loop Capital, on the other hand, stated in their research note that they expect to see TREX reach a price target of $75, previously predicting the price at $95. The rating they have provided for TREX stocks is “Hold” according to the report published on August 07th, 2024.
JP Morgan gave a rating of “Neutral” to TREX, setting the target price at $79 in the report published on December 14th of the previous year.
TREX Trading at 5.23% from the 50-Day Moving Average
After a stumble in the market that brought TREX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.55% of loss for the given period.
Volatility was left at 3.13%, however, over the last 30 days, the volatility rate increased by 2.58%, as shares surge +10.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.32% upper at present.
During the last 5 trading sessions, TREX fell by -1.52%, which changed the moving average for the period of 200-days by -13.13% in comparison to the 20-day moving average, which settled at $69.06. In addition, TREX Co., Inc saw -14.51% 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 TREX starting from Rudolph Jacob T., who purchase 43 shares at the price of $56.59 back on Oct 03 ’24. After this action, Rudolph Jacob T. now owns 25,833 shares of TREX Co., Inc, valued at $2,433 using the latest closing price.
Rudolph Jacob T., the SVP, CHRO of TREX Co., Inc, purchase 44 shares at $63.00 during a trade that took place back on Jul 03 ’24, which means that Rudolph Jacob T. is holding 25,790 shares at $2,772 based on the most recent closing price.
Stock Fundamentals for TREX
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.43 for the gross margin
The net margin for TREX Co., Inc stands at 0.2. The total capital return value is set at 0.31. Equity return is now at value 30.21, with 21.07 for asset returns.
Based on TREX Co., Inc (TREX), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 2.62.
Currently, EBITDA for the company is 326.39 million with net debt to EBITDA at 0.24. When we switch over and look at the enterprise to sales, we see a ratio of 6.5. The receivables turnover for the company is 8.42for trailing twelve months and the total asset turnover is 0.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.40.
Conclusion
To put it simply, TREX Co., Inc (TREX) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
