Allegion plc (NYSE: ALLE)’s stock price has decreased by -1.09 compared to its previous closing price of 132.48. However, the company has seen a -5.90% decrease in its stock price over the last five trading sessions. prnewswire.com reported 2024-12-18 that All residents at 606 West 42nd Street, a multi-family housing location in New York City, are able to access the building, their units, and amenities with a simple tap of an iPhone or Apple Watch NEW YORK, Dec. 18, 2024 /PRNewswire/ — Silverstein Properties, a leading real estate development, investment, and management firm, and its partners SwiftConnect, Allegion, and Kastle, today announced they are live with resident keys in Apple Wallet for all apartment units at a multi-family housing location: Silverstein’s Silver Towers residential property at 606 West 42nd Street in New York City. Silverstein’s residential tenants now have an easy and secure way to add a resident key to Apple Wallet to access the apartment building and unlock their homes with a simple tap of an iPhone or Apple Watch—thus eliminating the need to use a traditional, physical key.
Is It Worth Investing in Allegion plc (NYSE: ALLE) Right Now?
The price-to-earnings ratio for Allegion plc (NYSE: ALLE) is 20.13x, which is above its average ratio. Moreover, the 36-month beta value for ALLE is 1.11. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for ALLE is 86.65M and currently, short sellers hold a 1.68% of that float. On December 19, 2024, ALLE’s average trading volume was 849.54K shares.
ALLE’s Market Performance
ALLE’s stock has seen a -5.90% decrease for the week, with a -5.13% drop in the past month and a -6.67% fall in the past quarter. The volatility ratio for the week is 1.97%, and the volatility levels for the past 30 days are at 1.69% for Allegion plc The simple moving average for the past 20 days is -6.03% for ALLE’s stock, with a -1.06% simple moving average for the past 200 days.
Analysts’ Opinion of ALLE
Many brokerage firms have already submitted their reports for ALLE stocks, with Barclays repeating the rating for ALLE by listing it as a “Underweight.” The predicted price for ALLE in the upcoming period, according to Barclays is $116 based on the research report published on June 04, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see ALLE reach a price target of $141, previously predicting the price at $140. The rating they have provided for ALLE stocks is “Neutral” according to the report published on February 23rd, 2024.
Wells Fargo gave a rating of “Equal Weight” to ALLE, setting the target price at $140 in the report published on February 21st of the current year.
ALLE Trading at -7.85% from the 50-Day Moving Average
After a stumble in the market that brought ALLE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.05% of loss for the given period.
Volatility was left at 1.69%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares sank -6.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.76% lower at present.
During the last 5 trading sessions, ALLE fell by -6.07%, which changed the moving average for the period of 200-days by +1.86% in comparison to the 20-day moving average, which settled at $139.44. In addition, Allegion plc saw 3.43% 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 ALLE starting from Stone John H, who purchase 7,500 shares at the price of $140.70 back on Dec 03 ’24. After this action, Stone John H now owns 120,481 shares of Allegion plc, valued at $1,055,246 using the latest closing price.
Kemp Tracy L, the SVP-Chief Info. & Digital Ofr. of Allegion plc, sale 2,466 shares at $139.47 during a trade that took place back on Dec 02 ’24, which means that Kemp Tracy L is holding 9,781 shares at $343,933 based on the most recent closing price.
Stock Fundamentals for ALLE
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.44 for the gross margin
The net margin for Allegion plc stands at 0.15. The total capital return value is set at 0.19. Equity return is now at value 40.81, with 12.49 for asset returns.
Based on Allegion plc (ALLE), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 1.53. The interest coverage ratio of the stock is 7.59.
Currently, EBITDA for the company is 819.3 million with net debt to EBITDA at 1.73. When we switch over and look at the enterprise to sales, we see a ratio of 3.46. The receivables turnover for the company is 8.12for trailing twelve months and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.71.
Conclusion
To wrap up, the performance of Allegion plc (ALLE) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
