Beacon Roofing Supply Inc (NASDAQ: BECN) has a price-to-earnings ratio of 18.56x that is above its average ratio. Additionally, the 36-month beta value for BECN is 1.56. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 6 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for BECN is 61.42M and currently, short sellers hold a 2.71% ratio of that float. The average trading volume of BECN on November 19, 2024 was 664.83K shares.
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BECN) stock’s latest price update
The stock price of Beacon Roofing Supply Inc (NASDAQ: BECN) has surged by 9.88 when compared to previous closing price of 98.75, but the company has seen a 3.14% gain in its stock price over the last five trading sessions. wsj.com reported 2024-11-18 that QXO’s Brad Jacobs has built companies in logistics and other sectors through acquisitions.
BECN’s Market Performance
BECN’s stock has risen by 3.14% in the past week, with a monthly rise of 13.46% and a quarterly rise of 27.00%. The volatility ratio for the week is 5.67% while the volatility levels for the last 30 days are 3.66% for Beacon Roofing Supply Inc The simple moving average for the past 20 days is 10.97% for BECN’s stock, with a 17.58% simple moving average for the past 200 days.
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 17.75% 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 able to rebound, for now settling with 2.52% of gains for the given period.
Volatility was left at 3.66%, however, over the last 30 days, the volatility rate increased by 5.67%, as shares surge +15.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.21% upper at present.
During the last 5 trading sessions, BECN rose by +3.14%, which changed the moving average for the period of 200-days by +28.60% in comparison to the 20-day moving average, which settled at $97.79. In addition, Beacon Roofing Supply Inc saw 24.70% 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 JASON TAYLOR, who proposed sale 2,600 shares at the price of $98.75 back on Nov 18 ’24. After this action, JASON TAYLOR now owns shares of Beacon Roofing Supply Inc, valued at $256,750 using the latest closing price.
CLEMENT MUNROE BEST III, the Officer of Beacon Roofing Supply Inc, proposed sale 7,037 shares at $103.14 during a trade that took place back on Nov 08 ’24, which means that CLEMENT MUNROE BEST III is holding shares at $725,792 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 20.46, with 5.34 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 1.06. 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 1.91.
Conclusion
In conclusion, Beacon Roofing Supply Inc (BECN) has seen better performance in recent times. Analysts have a bullish 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.
