Resideo Technologies Inc [REZI] stock prices are up 0.95% to $22.30 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The REZI shares have gain 4.99% over the last week, with a monthly amount glided 28.09%, and seem to be holding up well over a long-time horizon.
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On 13, February 2024, Resideo Announces Fourth Quarter and Full Year 2023 Financial Results. In a post published today on Yahoo Finance, Products and Solutions fourth quarter gross margin of 39.5%, third consecutive quarter of year-over-year and sequential improvement.
From an analyst’s perspective:
Previously, Imperial Capital downgraded its rating to In-line on November 02, 2022, and kept the price target unchanged to $27. On March 17, 2021, Morgan Stanley initiated with a Equal-Weight rating and assigned a price target of $33 on the stock. ROTH Capital downgraded its rating to a Neutral but stick to its price target of $30 on March 11, 2021. William Blair initiated its recommendation with a Mkt Perform. BofA Securities downgraded its rating to Neutral for this stock on February 26, 2021. In a note dated December 21, 2020, JP Morgan initiated an Overweight rating and provided a target price of $28 on this stock.
The stock price of Resideo Technologies Inc [REZI] has been fluctuating between $14.19 and $22.48 over the past year. Currently, Wall Street analysts expect the stock to reach $32 within the next 12 months. Resideo Technologies Inc [NYSE: REZI] shares were valued at $22.30 at the most recent close of the market. An investor can expect a potential return of 43.5% based on the average REZI price forecast.
Analyzing the REZI fundamentals
The Resideo Technologies Inc [NYSE:REZI] reported sales of 6.24B for trailing twelve months, representing a drop of -1.47%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.08 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.53.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.84 points at the first support level, and at 21.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.67, and for the 2nd resistance point, it is at 23.03.
Resideo Technologies Inc [REZI] reported earnings per share of $0.48 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.44/share, meaning a difference of $0.04 and a surprise factor of 9.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.41 per share as compared to estimates of $0.27 per share, a difference of $0.14 representing a surprise of 51.90%.
Ratios To Look Out For
It’s worth pointing out that Resideo Technologies Inc [NYSE:REZI]’s Current Ratio is 1.80. In addition, the Quick Ratio stands at 1.18 and the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 0.52, the price to book ratio is 1.18 and price to earnings (TTM) ratio is 15.73.
Transactions by insiders
Recent insider trading involved Theodore Phillip L., President Products & Solutions, that happened on Nov 16 when 20000.0 shares were sold. Chief Accounting Officer, Beskid Tina M completed a deal on Jun 07 to sell 13543.0 shares. Meanwhile, President and CEO Geldmacher Jay L bought 7500.0 shares on Mar 07.
