A share price of Tecnoglass Inc [TGLS] is currently trading at $47.55, up 4.69%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TGLS shares have gain 5.67% over the last week, with a monthly amount glided 9.94%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Tecnoglass Inc [NYSE: TGLS] stock has seen the most recent analyst activity on February 14, 2024, when Stifel downgraded its rating to a Hold and also revised its price target to $45 from $48. Previously, Stifel started tracking the stock with Buy rating on June 15, 2023, and set its price target to $60. On December 10, 2021, upgrade upgraded it’s rating to Buy but maintained its price target of $34 on the stock. B. Riley Securities upgraded its rating to a Buy but stick to its price target of $37 on November 09, 2021. Sidoti initiated its recommendation with a Neutral and recommended $25 as its price target on September 21, 2021. Raymond James upgraded its rating to Strong Buy for this stock on May 10, 2021, but kept the price target unchanged to $15. In a note dated December 14, 2020, DA Davidson upgraded an Buy rating on this stock.
Tecnoglass Inc experienced fluctuations in its stock price throughout the past year between $28.21 and $54.40. Tecnoglass Inc [NYSE: TGLS] shares were valued at $47.55 at the most recent close of the market.
Analyzing the TGLS fundamentals
Trailing Twelve Months sales for Tecnoglass Inc [NYSE:TGLS] were 833.26M which represents -7.82% decline. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.19, Equity is 0.38 and Total Capital is 0.36. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.31.
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 45.77 points at the first support level, and at 43.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.75, and for the 2nd resistance point, it is at 49.95.
Tecnoglass Inc [TGLS] reported earnings per share of $0.8 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 $0.76/share, meaning a difference of $0.04 and a surprise factor of 5.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.98 per share as compared to estimates of $0.97 per share, a difference of $0.01 representing a surprise of 1.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tecnoglass Inc [NYSE:TGLS] is 2.27. Further, the Quick Ratio stands at 1.60, while the Cash Ratio is 0.55. Considering the valuation of this stock, the price to sales ratio is 2.68, the price to book ratio is 4.08 and price to earnings (TTM) ratio is 12.36.
Transactions by insiders
Recent insider trading involved Giraldo Santiago, Chief Financial Officer, that happened on Mar 08 ’24 when 563.0 shares were purchased. 10% Owner, Energy Holding Corp completed a deal on May 19 ’23 to sell 2.3 million shares.
