Detailed Review Of Prospects For Resideo Technologies Inc Stock

A share price of Resideo Technologies Inc [REZI] is currently trading at $25.78, up 1.66%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The REZI shares have gain 7.37% over the last week, with a monthly amount glided 18.69%, and 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.

Resideo Technologies Inc experienced fluctuations in its stock price throughout the past year between $16.05 and $25.63. Currently, Wall Street analysts expect the stock to reach $32 within the next 12 months. Resideo Technologies Inc [NYSE: REZI] shares were valued at $25.78 at the most recent close of the market. An investor can expect a potential return of 24.13% based on the average REZI price forecast.

Analyzing the REZI fundamentals

Trailing Twelve Months sales for Resideo Technologies Inc [NYSE:REZI] were 6.44B which represents 17.63% growth. 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 0.59.

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 25.21 points at the first support level, and at 24.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.07, and for the 2nd resistance point, it is at 26.37.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Resideo Technologies Inc [NYSE:REZI] is 1.82. Also, the Quick Ratio is 1.10, while the Cash Ratio stands at 0.32. Considering the valuation of this stock, the price to sales ratio is 0.60, the price to book ratio is 1.32 and price to earnings (TTM) ratio is 21.78.

Transactions by insiders

Recent insider trading involved Geldmacher Jay L, President and CEO, that happened on Nov 13 ’24 when 40000.0 shares were sold. EVP, Chief HR Officer, Kelly Stephen Montgomery completed a deal on Nov 13 ’24 to sell 24862.0 shares. Meanwhile, Officer Kelly Stephen Montgomery bought 24862.0 shares on Nov 13 ’24.

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