This Analyst Recently Issued Research Note On TriNet Group Inc. (TNET)

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As of Wednesday close, TriNet Group Inc.’s (NYSE:TNET) stock was up $0.59, moving up 0.84 percent to $70.60. The average number of shares traded per day over the past five days has been 253,920 shares. 3 times new highs have been achieved over the past 5 days, with a $1.53 gain in that time frame. In the last twenty days, the average volume was 398,850, while in the previous 50 days, it was 290,984.

Since last month, TNET stock retreated -7.78%. Shares of the company fell to $60.60 on 11/04/22, the lowest level in the past month. A 52-week high of $107.90 was reached on 03/30/22 after having rallying from a 52-week low of $60.60. Since the beginning of this year, TNET’s stock price has dropped by -25.89% or -$24.66, and marked a new high 4 times. However, the stock has declined by -34.57% since its 52-week high.


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TNET stock investors should be aware that TriNet Group Inc. (TNET) stock had its last reported insider trading activity 21 days ago on Nov 03. Chamberlain Paul Edward, the Director of the company, disposed of 125 shares for $61.93 on Nov 03. It resulted in a $7,741 divestment by the insider. Goldfield Burton M. sold 6,250 shares at an average price of $64.78 on Oct 28. The insider now owns 210,268 shares following the transaction. On Oct 03, Director Chamberlain Paul Edward sold 125 shares at $72.21 apiece. The transaction was valued at $9,026.

Valuation Metrics

Right now, TriNet Group Inc. (TNET) has a P/E ratio of about 12.15. The stock’s beta is 1.10. Besides these, the trailing price-to-sales (P/S) ratio of 0.90, the price-to-book (PB) ratio of 5.11, and the price-to-cash flow ratio of 16.90 may also be considered.

Financial Health

In the three months ended September 29, TriNet Group Inc.’s quick ratio stood at 1.30, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.58. On the profitability front, the trailing twelve-month gross margin is 22.60% percent. In the year ended September 29, operating margins totaled 10.90%. Based on annual data, TNET earned $937.0 million in gross profit and brought in $4.54 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 25.60%. Return on equity (ROE) for the past 12 months was 47.20%.

In TriNet Group Inc.’s quarter-end financial report for September 29, it reported total debt of $496.0 million against cash and short-term investments of $95.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TNET’s revenue rose 7.49% to $1.2 billion during the quarter, while net income inched up to $1.24 billion. While analysts expected TriNet Group Inc. to report $1.02 quarterly earnings, the actual figure was $1.64 per share, beating the consensus estimate by 60.80%. During the quarter, the company generated $155.0 million in EBITDA. The liabilities of TriNet Group Inc. were 2.22 billion at the end of its most recent quarter ended September 29, and its total debt was $552.0 million. The value of shareholders’ equity is $62.23 million.

Technical Picture

This quick technical analysis looks at TriNet Group Inc.’s (TNET) price momentum. With a historical volatility rate of 11.07%, the RSI 9-day stood at 62.30% on 23 November.

With respect to its five-day moving average, the current TriNet Group Inc. price is up by +2.22% percent or $1.53. At present, TNET shares trade +7.49% above its 20-day simple moving average and -9.61% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.43% below its SMA50 and -20.75% below its SMA200.

Stochastic coefficient K was 89.73% and Stochastic coefficient D was 86.52%, while ATR was 1.76. Given the Stochastic reading of 93.63% for the 14-day period, the RSI (14) reading has been calculated as 54.66%. As of today, the MACD Oscillator reading stands at 0.68, while the 14-day reading stands at 1.89.

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