Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, Beacon Roofing Supply Inc (NASDAQ: BECN) closed at $93.86 down -1.68% from its previous closing price of $95.46. In other words, the price has decreased by -$1.68 from its previous closing price. On the day, 0.62 million shares were traded. BECN stock price reached its highest trading level at $95.65 during the session, while it also had its lowest trading level at $93.33.
Ratios:
For a deeper understanding of Beacon Roofing Supply Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 44.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.28. For the most recent quarter (mrq), Quick Ratio is recorded 1.02 and its Current Ratio is at 1.87. In the meantime, Its Debt-to-Equity ratio is 1.78 whereas as Long-Term Debt/Eq ratio is at 1.71.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, The Benchmark Company on April 18, 2024, initiated with a Buy rating and assigned the stock a target price of $135.
On February 29, 2024, Robert W. Baird Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $99 to $115.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 28 ’24 when Nelson Christopher Carl sold 3,268 shares for $93.87 per share. The transaction valued at 306,767 led to the insider holds 176 shares of the business.
Taylor Jason L sold 1,805 shares of BECN for $171,475 on Mar 21 ’24. The President, West Division now owns 10,531 shares after completing the transaction at $95.00 per share. On Dec 20 ’23, another insider, Taylor Jason L, who serves as the President, West Division of the company, sold 1,806 shares for $88.75 each. As a result, the insider received 160,282 and left with 11,178 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BECN now has a Market Capitalization of 6006946304 and an Enterprise Value of 9104305152. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.64 while its Price-to-Book (P/B) ratio in mrq is 3.24. Its current Enterprise Value per Revenue stands at 0.979 whereas that against EBITDA is 10.299.
Stock Price History:
Over the past 52 weeks, BECN has reached a high of $103.75, while it has fallen to a 52-week low of $57.88. The 50-Day Moving Average of the stock is 0.15%, while the 200-Day Moving Average is calculated to be 11.91%.
Shares Statistics:
For the past three months, BECN has traded an average of 660.82K shares per day and 746880 over the past ten days. A total of 63.30M shares are outstanding, with a floating share count of 63.13M. Insiders hold about 0.74% of the company’s shares, while institutions hold 92.85% stake in the company. Shares short for BECN as of 1713139200 were 1034374 with a Short Ratio of 1.57, compared to 1710460800 on 1489224. Therefore, it implies a Short% of Shares Outstanding of 1034374 and a Short% of Float of 2.08.
