Tricon Residential Inc (NYSE:TCN) finished Wednesday with a subtraction of -$0.15 to close at $7.45, a downside of -1.97 percent. An average of 902,820 shares of common stock have been traded in the last five days. There was a fall of -$0.91 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 620,675 shares traded, while the 50-day average volume stands at 738,064.
TCN stock has decreased by -11.63% in the last month. The company shares reached their 1-month lowest point of $7.39 on 09/27/23. With the stock rallying to its 52-week high on 07/27/23, shares of the company touched a low of $7.18 and a high of $9.56 in 52 weeks. It has reached a new high 17 times so far this year and lost -3.37% or -$0.26 in price. In spite of this, the price is down -22.07% from the 52-week high.
Valuation Metrics
Tricon Residential Inc (TCN) has a trailing price-to-earnings (P/E) ratio of 7.51. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.24, the price-to-book (PB) ratio at 0.53, and the price-to-cash flow ratio at 9.60.
The company has a payout ratio of 7.95%. The company’s most recent quarterly dividend payment was $0.0580 a share, without any change from last year. Its latest increase dividend $0.0013 reported on Thursday December 23 2021.
Financial Health
Further, the company has a long term debt to equity ratio of 1.32 and a total debt to equity ratio of 1.53 for the quarter ending June 29. Its gross profit as reported stood at $436.5 million compared to revenue of $645.59 million.
Earnings Surprise
The analyst consensus anticipated Tricon Residential Inc’s latest quarter earnings to come in at $0.09 per share, but it turned out to be $0.16, a 77.80% surprise. For the quarter, EBITDA amounted to $97.51 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Tricon Residential Inc (TCN) price momentum. RSI 9-day as of the close on 27 September was 17.57%, suggesting the stock is oversold, with historical volatility in this time frame at 19.84%.
As of today, TCN’s price is $7.79 -10.89% or -$0.91 from its 5-day moving average. TCN is currently trading -12.56% lower than its 20-day SMA and -4.24% lower than its 100-day SMA. However, the stock’s current price level is -18.85% below the SMA50 and -6.41% below the SMA200.
The stochastic %K and %D were 2.99% and 7.23%, respectively, and the average true range (ATR) was 0.21. With the 14-day stochastic at 5.04% and the average true range at 0.20, the RSI (14) stands at 24.46%. The stock has reached -0.42 on the 9-day MACD Oscillator while the 14-day reading was at -0.52.
Analyst Ratings
National Bank Financial downgraded Tricon Residential Inc (NYSE: TCN) to a a Sector perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Tricon Residential Inc (TCN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TCN, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 8 others rate it as a “buy”.
