What Can We Learn From Resideo Technologies Inc. (REZI)’s Valuation Ratios?

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Resideo Technologies Inc. (NYSE:REZI) finished Friday with an addition of $0.36 to close at $16.45, an upside of 2.24 percent. An average of 657,020 shares of common stock have been traded in the last five days. There was a gain of $0.19 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 988,200 shares traded, while the 50-day average volume stands at 841,762.

REZI stock has increased by 1.54% in the last month. The company shares reached their 1-month lowest point of $15.34 on 12/07/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $14.95 and a high of $27.46 in 52 weeks. It has reached a new high 2 times so far this year and lost -36.80% or -$9.58 in price. In spite of this, the price is down -40.09% from the 52-week high.


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Insider Transactions

REZI stock investors should be aware that Resideo Technologies Inc. (REZI) stock had its last reported insider trading activity 220 days ago on May 25.

Valuation Metrics

Resideo Technologies Inc. (REZI) has a trailing price-to-earnings (P/E) ratio of 7.88. The stock’s beta is 1.94. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.38, the price-to-book (PB) ratio at 1.00, and the price-to-cash flow ratio at 31.59.

Financial Health

The quick ratio of Resideo Technologies Inc. for the three months ended September 29 was 1.00, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.59 and a total debt to equity ratio of 0.59 for the quarter ending September 29. Its gross profit as reported stood at $1.56 billion compared to revenue of $5.85 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Resideo Technologies Inc.’s return on assets was 5.00%.

Earnings Surprise

For the three-month period that ended September 29, Resideo Technologies Inc. had $1.41 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $63.0 million in the quarter, while revenues were shrunk -7.94%. The analyst consensus anticipated Resideo Technologies Inc.’s latest quarter earnings to come in at $0.56 per share, but it turned out to be $0.42, a -25.00% surprise. For the quarter, EBITDA amounted to $179.0 million. Shareholders own equity worth $145.84 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Resideo Technologies Inc. (REZI) price momentum. RSI 9-day as of the close on 30 December was 53.40%, suggesting the stock is Neutral, with historical volatility in this time frame at 35.11%.

As of today, REZI’s price is $16.15 +1.17% or $0.19 from its 5-day moving average. REZI is currently trading +3.39% higher than its 20-day SMA and -26.07% lower than its 100-day SMA. However, the stock’s current price level is -21.70% below the SMA50 and -38.25% below the SMA200.

The stochastic %K and %D were 28.50% and 29.86%, respectively, and the average true range (ATR) was 0.60. With the 14-day stochastic at 47.48% and the average true range at 0.63, the RSI (14) stands at 49.42%. The stock has reached -0.26 on the 9-day MACD Oscillator while the 14-day reading was at -0.34.

Analyst Ratings

Imperial Capital downgraded Resideo Technologies Inc. (NYSE: REZI) to a an In-line rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Resideo Technologies Inc. (REZI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell REZI, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is REZI’s price target for the next 12 months?

Analysts predict a range of price targets between $25.00 and $27.00, with a median target of $26.00. Taking a look at these predictions, the average price target given by analysts for Resideo Technologies Inc. (REZI) stock is $26.00.

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