The stock of Regal Rexnord Corp (RRX) has seen a -0.90% decrease in the past week, with a 0.14% gain in the past month, and a 2.68% flourish in the past quarter. The volatility ratio for the week is 3.52%, and the volatility levels for the past 30 days are at 3.72% for RRX. The simple moving average for the past 20 days is -1.97% for RRX’s stock, with a 5.45% simple moving average for the past 200 days.
Is It Worth Investing in Regal Rexnord Corp (NYSE: RRX) Right Now?
The price-to-earnings ratio for Regal Rexnord Corp (NYSE: RRX) is 53.59x, which is above its average ratio. Moreover, the 36-month beta value for RRX is 1.03. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for RRX is 65.84M and currently, short sellers hold a 1.98% of that float. On November 28, 2024, RRX’s average trading volume was 456.61K shares.
RRX) stock’s latest price update
Regal Rexnord Corp (NYSE: RRX)’s stock price has dropped by -1.34 in relation to previous closing price of 171.97. Nevertheless, the company has seen a loss of -0.90% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-05 that Regal Rexnord Corporation (NYSE:RRX ) Q3 2024 Earnings Call Transcript November 5, 2024 10:00 AM ET Company Participants Rob Barry – IR Louis Pinkham – CEO Rob Rehard – CFO Conference Call Participants Mike Halloran – Baird Jeff Hammond – KeyBanc Capital Markets Julian Mitchell – Barclays Nigel Coe – Wolfe Research Joe Ritchie – Goldman Sachs Christopher Glynn – Oppenheimer Operator Good morning and welcome to Regal Rexnord Third Quarter 2024 Earnings Call. All participants will be in listen-only mode.
Analysts’ Opinion of RRX
Many brokerage firms have already submitted their reports for RRX stocks, with Citigroup repeating the rating for RRX by listing it as a “Buy.” The predicted price for RRX in the upcoming period, according to Citigroup is $200 based on the research report published on October 14, 2024 of the current year 2024.
Wolfe Research gave a rating of “Outperform” to RRX, setting the target price at $151 in the report published on December 11th of the previous year.
RRX Trading at -0.70% from the 50-Day Moving Average
After a stumble in the market that brought RRX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.43% of loss for the given period.
Volatility was left at 3.72%, however, over the last 30 days, the volatility rate increased by 3.52%, as shares surge +0.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.38% upper at present.
During the last 5 trading sessions, RRX fell by -0.90%, which changed the moving average for the period of 200-days by +12.95% in comparison to the 20-day moving average, which settled at $173.06. In addition, Regal Rexnord Corp saw 14.62% 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 RRX starting from Pinkham Louis V., who sale 8,774 shares at the price of $180.03 back on Nov 07 ’24. After this action, Pinkham Louis V. now owns 149,618 shares of Regal Rexnord Corp, valued at $1,579,583 using the latest closing price.
Pinkham Louis V., the Officer of Regal Rexnord Corp, proposed sale 8,774 shares at $180.03 during a trade that took place back on Nov 07 ’24, which means that Pinkham Louis V. is holding shares at $1,579,566 based on the most recent closing price.
Stock Fundamentals for RRX
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.36 for the gross margin
The net margin for Regal Rexnord Corp stands at 0.03. The total capital return value is set at 0.05. Equity return is now at value 3.34, with 1.41 for asset returns.
Based on Regal Rexnord Corp (RRX), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 0.88. The interest coverage ratio of the stock is 1.59.
Currently, EBITDA for the company is 922.2 million with net debt to EBITDA at 4.34. When we switch over and look at the enterprise to sales, we see a ratio of 2.69. The receivables turnover for the company is 7.22for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.45.
Conclusion
To wrap up, the performance of Regal Rexnord Corp (RRX) 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.
