As of Friday close, Tecnoglass Inc.’s (NYSE:TGLS) stock was up $1.52, moving up 4.63 percent to $34.37. The average number of shares traded per day over the past five days has been 625,200 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.79 fall in that time frame. In the last twenty days, the average volume was 591,270, while in the previous 50 days, it was 507,510.
Since last month, TGLS stock retreated -27.54%. Shares of the company fell to $32.37 on 08/18/23, the lowest level in the past month. A 52-week high of $54.40 was reached on 07/18/23 after having rallying from a 52-week low of $18.76. Since the beginning of this year, TGLS’s stock price has risen by 11.70% or $3.60, and marked a new high 30 times. However, the stock has declined by -36.82% since its 52-week high.
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TGLS stock investors should be aware that Tecnoglass Inc. (TGLS) stock had its last reported insider trading activity 92 days ago on May 19. Energy Holding Corp, the 10% Owner of the company, disposed of 2,300,000 shares for $41.06 on May 19. It resulted in a $94,449,500 divestment by the insider. Energy Holding Corp added 519,412 shares at an average price of $42.26 on Mar 09. The insider now owns 26,928,108 shares following the transaction. On Mar 09, Chief Executive Officer Daes Jose M sold 275,810 shares at $42.26 apiece. The transaction was valued at $11,655,731.
Valuation Metrics
Right now, Tecnoglass Inc. (TGLS) has a P/E ratio of about 8.10. The stock’s beta is 1.88. Besides these, the trailing price-to-sales (P/S) ratio of 1.98, the price-to-book (PB) ratio of 3.44, and the price-to-cash flow ratio of 42.53 may also be considered.
Financial Health
In the three months ended June 29, Tecnoglass Inc.’s quick ratio stood at 1.60, while its current ratio was 2.20, 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 June 29 was 0.36, and the total debt-to-equity ratio was 0.36. On the profitability front, the trailing twelve-month gross margin is 51.50% percent. In the year ended June 29, EBITDA margin amounted to 34.48%, whereas operating margins totaled 35.10%. Based on annual data, TGLS earned $349.5 million in gross profit and brought in $716.57 million 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 29.30%. Return on equity (ROE) for the past 12 months was 52.70%.
In Tecnoglass Inc.’s quarter-end financial report for June 29, it reported total debt of $169.0 million against cash and short-term investments of $2.37 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TGLS’s revenue rose 24.73% to $202.64 million during the quarter, while net income inched up to $224.67 million. While analysts expected Tecnoglass Inc. to report $1.03 quarterly earnings, the actual figure was $1.12 per share, beating the consensus estimate by 8.70%. During the quarter, the company generated $79.65 million in EBITDA. The liabilities of Tecnoglass Inc. were 414.61 million at the end of its most recent quarter ended June 29, and its total debt was $171.98 million. The value of shareholders’ equity is $47.67 million.
Technical Picture
This quick technical analysis looks at Tecnoglass Inc.’s (TGLS) price momentum. With a historical volatility rate of 70.23%, the RSI 9-day stood at 23.09% on 18 August.
With respect to its five-day moving average, the current Tecnoglass Inc. price is down by -4.95% percent or -$1.79. At present, TGLS shares trade -27.87% below its 20-day simple moving average and -11.10% percent below its 100-day simple moving average. However, the stock is currently trading approximately -20.11% below its SMA50 and +67.41% above its SMA200.
Stochastic coefficient K was 4.91% and Stochastic coefficient D was 4.43%, while ATR was 2.03. Given the Stochastic reading of 12.59% for the 14-day period, the RSI (14) reading has been calculated as 25.56%. As of today, the MACD Oscillator reading stands at -2.03, while the 14-day reading stands at -5.83.
Analyst Ratings
Stifel launched its rating on Tecnoglass Inc. (NYSE: TGLS) to a Buy in a note to investors on June 15, 2023. Tecnoglass Inc. (TGLS) has been rated Buy by analysts. According to 0 brokerage firms, TGLS is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Tecnoglass Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $54.00, the current consensus forecast for the stock is $52.00 – $60.00. Based on these forecasts, analysts predict Tecnoglass Inc. (TGLS) will achieve an average price target of $55.00.
