As of Friday close, Tricon Residential Inc.’s (NYSE:TCN) stock was up $0.02, moving up 0.24 percent to $8.25. The average number of shares traded per day over the past five days has been 1,063,440 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.48 fall in that time frame. In the last twenty days, the average volume was 885,610, while in the previous 50 days, it was 796,560.
Since last month, TCN stock retreated -11.00%. Shares of the company fell to $8.08 on 08/18/23, the lowest level in the past month. A 52-week high of $11.82 was reached on 07/27/23 after having rallying from a 52-week low of $7.18. Since the beginning of this year, TCN’s stock price has risen by 7.00% or $0.54, and marked a new high 17 times. However, the stock has declined by -30.20% since its 52-week high.
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Valuation Metrics
Right now, Tricon Residential Inc. (TCN) has a P/E ratio of about 7.24. Besides these, the trailing price-to-sales (P/S) ratio of 2.49, the price-to-book (PB) ratio of 0.44, and the price-to-cash flow ratio of 12.90 may also be considered.
The latest dividend of $0.0580 per share was paid out, remained unchanged from last year’s $0.0580. On Thursday December 23 2021, a $0.0013 dividend increase was announced.
Financial Health
In the three months ended June 29, Tricon Residential Inc.’s quick ratio stood at 0.20, while its current ratio was 0.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.38, and the total debt-to-equity ratio was 1.59. On the profitability front, the trailing twelve-month gross margin is 73.10% percent. In the year ended June 29, operating margins totaled 41.40%. Based on annual data, TCN earned $436.5 million in gross profit and brought in $645.59 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 8.00%. Return on equity (ROE) for the past 12 months was 8.00%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Tricon Residential Inc. to report $0.09 quarterly earnings, the actual figure was $0.16 per share, beating the consensus estimate by 77.80%. During the quarter, the company generated $97.51 million in EBITDA. The liabilities of Tricon Residential Inc. were 9.1 billion at the end of its most recent quarter ended June 29, and its total debt was $6.12 billion.
Technical Picture
This quick technical analysis looks at Tricon Residential Inc.’s (TCN) price momentum. With a historical volatility rate of 19.20%, the RSI 9-day stood at 24.90% on 18 August.
With respect to its five-day moving average, the current Tricon Residential Inc. price is down by -5.50% percent or -$0.48. At present, TCN shares trade -11.00% below its 20-day simple moving average and +10.89% percent above its 100-day simple moving average. However, the stock is currently trading approximately -4.18% below its SMA50 and -2.14% below its SMA200.
Stochastic coefficient K was 5.90% and Stochastic coefficient D was 7.83%, while ATR was 0.22. Given the Stochastic reading of 12.78% for the 14-day period, the RSI (14) reading has been calculated as 31.35%. As of today, the MACD Oscillator reading stands at -0.27, while the 14-day reading stands at -0.45.
Analyst Ratings
Tricon Residential Inc. downgraded its rating on Tricon Residential Inc. (NYSE: TCN) to a Sector perform in a note to investors on August 10, 2023. The analysts firm previously had an Outperform rating on the stock.Tricon Residential Inc. (TCN) has been rated Buy by analysts. According to 0 brokerage firms, TCN is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Tricon Residential Inc. stock as buy, with 10 recommending it as overweight.
With a median target price of $10.05, the current consensus forecast for the stock is $9.00 – $11.50. Based on these forecasts, analysts predict Tricon Residential Inc. (TCN) will achieve an average price target of $10.18.
