At the time of writing, Resideo Technologies Inc [REZI] stock is trading at $19.52, down -3.08%. 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 REZI shares have gain 1.67% over the last week, with a monthly amount drifted -3.17%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On November 02, 2022, downgrade downgraded it’s rating to In-line but maintained its price target of $27 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $33 on March 17, 2021. ROTH Capital downgraded its rating to a Neutral but $30 remained the price target by the analyst firm on March 11, 2021. In a note dated February 26, 2021, BofA Securities downgraded an Neutral rating on this stock.
For the past year, the stock price of Resideo Technologies Inc fluctuated between $14.19 and $23.43. Currently, Wall Street analysts expect the stock to reach $32 within the next 12 months. Resideo Technologies Inc [NYSE: REZI] shares were valued at $19.52 at the most recent close of the market. An investor can expect a potential return of 63.93% based on the average REZI price forecast.
Analyzing the REZI fundamentals
According to Resideo Technologies Inc [NYSE:REZI], the company’s sales were 6.17B for trailing twelve months, which represents an -0.81% plunge. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.06 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.62.
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 19.31 points at the first support level, and at 19.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.92, and for the 2nd resistance point, it is at 20.32.
Ratios To Look Out For
It is important to note that Resideo Technologies Inc [NYSE:REZI] has a current ratio of 1.81. Further, the Quick Ratio stands at 1.06, while the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 0.46, the price to book ratio is 1.02 and price to earnings (TTM) ratio is 16.38.
Transactions by insiders
Recent insider trading involved Beskid Tina M, Chief Accounting Officer, that happened on May 21 ’24 when 7057.0 shares were sold. Director, LAZAR JACK R completed a deal on May 14 ’24 to sell 9000.0 shares. Meanwhile, Chief Accounting Officer Beskid Tina M sold 3310.0 shares on May 09 ’24.
