As of Friday close, Resideo Technologies Inc.’s (NYSE:REZI) stock was down -$2.68, moving down -14.93 percent to $15.27. The average number of shares traded per day over the past five days has been 820,840 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.24 fall in that time frame. In the last twenty days, the average volume was 502,485, while in the previous 50 days, it was 544,528.
Since last month, REZI stock retreated -7.79%. Shares of the company fell to $15.20 on 08/04/23, the lowest level in the past month. A 52-week high of $23.94 was reached on 02/16/23 after having rallying from a 52-week low of $14.95. Since the beginning of this year, REZI’s stock price has dropped by -7.17% or -$1.18, and marked a new high 14 times. However, the stock has declined by -36.22% since its 52-week high.
REZI stock investors should be aware that Resideo Technologies Inc. (REZI) stock had its last reported insider trading activity 59 days ago on Jun 07. Beskid Tina M, the Chief Accounting Officer of the company, disposed of 13,543 shares for $17.25 on Jun 07. It resulted in a $233,617 divestment by the insider. Geldmacher Jay L added 7,500 shares at an average price of $17.53 on Mar 07. The insider now owns 441,879 shares following the transaction. On Mar 03, Director Richardson Nina sold 3,458 shares at $18.78 apiece. The transaction was valued at $64,941.
Valuation Metrics
Right now, Resideo Technologies Inc. (REZI) has a P/E ratio of about 8.99. The stock’s beta is 1.94. Besides these, the trailing price-to-sales (P/S) ratio of 0.35, the price-to-book (PB) ratio of 0.86, and the price-to-cash flow ratio of 18.55 may also be considered.
Financial Health
In the three months ended March 30, Resideo Technologies Inc.’s quick ratio stood at 1.00, while its current ratio was 1.70, 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 March 30 was 0.54, and the total debt-to-equity ratio was 0.54. On the profitability front, the trailing twelve-month gross margin is 27.30% percent. In the year ended March 30, EBITDA margin amounted to 11.79%, whereas operating margins totaled 6.30%. Based on annual data, REZI earned $1.77 billion in gross profit and brought in $6.37 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 7.80%. Return on equity (ROE) for the past 12 months was 10.20%.
In Resideo Technologies Inc.’s quarter-end financial report for March 30, it reported total debt of $1.4 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. REZI’s revenue rose 2.78% to $1.56 billion during the quarter, while net income inched up to $1.55 billion. While analysts expected Resideo Technologies Inc. to report $0.34 quarterly earnings, the actual figure was $0.63 per share, beating the consensus estimate by 85.30%. During the quarter, the company generated $162.0 million in EBITDA. The liabilities of Resideo Technologies Inc. were 3.79 billion at the end of its most recent quarter ended March 30, and its total debt was $1.41 billion. The value of shareholders’ equity is $147.11 million.
Technical Picture
This quick technical analysis looks at Resideo Technologies Inc.’s (REZI) price momentum. With a historical volatility rate of 79.29%, the RSI 9-day stood at 16.28% on 04 August.
With respect to its five-day moving average, the current Resideo Technologies Inc. price is down by -17.50% percent or -$3.24. At present, REZI shares trade -9.48% below its 20-day simple moving average and -8.78% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.48% below its SMA50 and -27.18% below its SMA200.
Stochastic coefficient K was 22.36% and Stochastic coefficient D was 49.60%, while ATR was 0.66. Given the Stochastic reading of 1.93% for the 14-day period, the RSI (14) reading has been calculated as 24.97%. As of today, the MACD Oscillator reading stands at -0.90, while the 14-day reading stands at -1.02.
Analyst Ratings
Resideo Technologies Inc. (REZI) has been rated Overweight by analysts. According to 0 brokerage firms, REZI is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Resideo Technologies Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $21.00, the current consensus forecast for the stock is $16.00 – $27.00. Based on these forecasts, analysts predict Resideo Technologies Inc. (REZI) will achieve an average price target of $21.25.
