A share price of TREX Co., Inc. [TREX] is currently trading at $93.41, up 2.89%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TREX shares have gain 3.71% over the last week, with a monthly amount glided 1.40%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
TREX Co., Inc. [NYSE: TREX] stock has seen the most recent analyst activity on December 14, 2023, when JP Morgan upgraded its rating to a Neutral and also boosted its price target to $79 from $62. Previously, Barclays downgraded its rating to Underweight on December 13, 2023, and elevated its price target to $74. On December 12, 2023, Wolfe Research initiated with a Peer Perform rating. Goldman started tracking the stock assigning a Buy rating and suggested a price target of $78 on October 03, 2023. Citigroup initiated its recommendation with a Neutral and recommended $72 as its price target on August 25, 2023. BofA Securities upgraded its rating to Buy for this stock on May 09, 2023, and upped its price target to $66. In a note dated April 24, 2023, Loop Capital upgraded an Buy rating on this stock and boosted its target price from $55 to $64.
TREX Co., Inc. experienced fluctuations in its stock price throughout the past year between $51.03 and $101.91. Currently, Wall Street analysts expect the stock to reach $79 within the next 12 months. TREX Co., Inc. [NYSE: TREX] shares were valued at $93.41 at the most recent close of the market. An investor can expect a potential drop of -15.43% based on the average TREX price forecast.
Analyzing the TREX fundamentals
Trailing Twelve Months sales for TREX Co., Inc. [NYSE:TREX] were 1.09B which represents 1.90% growth. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.21, Equity is 0.32 and Total Capital is 0.32. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
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 91.10 points at the first support level, and at 88.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 94.84, and for the 2nd resistance point, it is at 96.27.
TREX Co., Inc. [TREX] reported earnings per share of $0.2 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.19/share, meaning a difference of $0.01 and a surprise factor of 5.30%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.57 per share as compared to estimates of $0.5 per share, a difference of $0.07 representing a surprise of 14.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for TREX Co., Inc. [NYSE:TREX] is 1.89. As well, the Quick Ratio is 0.72, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 9.27, the price to book ratio is 14.16 and price to earnings (TTM) ratio is 49.49.
Transactions by insiders
Recent insider trading involved Rudolph Jacob T., SVP, CHRO, that happened on Apr 04 ’24 when 35.0 shares were purchased. President and CEO, FAIRBANKS BRYAN HORIX completed a deal on Mar 04 ’24 to sell 6164.0 shares.
