The price of Resideo Technologies Inc (NYSE: REZI) closed at $22.65 in the last session, down -1.26% from day before closing price of $22.94. In other words, the price has decreased by -$0.29 from its previous closing price. On the day, 1217820 shares were traded.
Ratios:
We take a closer look at REZI’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.83. For the most recent quarter (mrq), Quick Ratio is recorded 1.18 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.57.
On November 02, 2022, Imperial Capital Downgraded its rating to In-line which previously was Outperform but kept the price unchanged to $27.
On March 17, 2021, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $33.Morgan Stanley initiated its Equal-Weight rating on March 17, 2021, with a $33 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 16 ’23 when Theodore Phillip L. sold 20,000 shares for $16.45 per share. The transaction valued at 329,000 led to the insider holds 149,855 shares of the business.
Beskid Tina M sold 13,543 shares of REZI for $233,617 on Jun 07 ’23. The Chief Accounting Officer now owns 41,259 shares after completing the transaction at $17.25 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, REZI now has a Market Capitalization of 3.29B and an Enterprise Value of 4.10B. As of this moment, Resideo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.98, and their Forward P/E ratio for the next fiscal year is 11.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.53 while its Price-to-Book (P/B) ratio in mrq is 1.20. Its current Enterprise Value per Revenue stands at 0.66 whereas that against EBITDA is 8.62.
Stock Price History:
Over the past 52 weeks, REZI has reached a high of $23.17, while it has fallen to a 52-week low of $14.19. The 50-Day Moving Average of the stock is 19.23, while the 200-Day Moving Average is calculated to be 17.34.
Shares Statistics:
According to the various share statistics, REZI traded on average about 826.56K shares per day over the past 3-months and 805.49k shares per day over the past 10 days. A total of 145.39M shares are outstanding, with a floating share count of 142.14M. Insiders hold about 2.19% of the company’s shares, while institutions hold 92.18% stake in the company. Shares short for REZI as of Feb 29, 2024 were 2.56M with a Short Ratio of 3.10, compared to 2.5M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.76% and a Short% of Float of 2.49%.
Earnings Estimates
The company has 5 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.33 for the current quarter, with a high estimate of $0.34 and a low estimate of $0.32, while EPS last year was $0.39. The consensus estimate for the next quarter is $0.43, with high estimates of $0.47 and low estimates of $0.41.
Analysts are recommending an EPS of between $1.69 and $1.56 for the fiscal current year, implying an average EPS of $1.64. EPS for the following year is $1.89, with 5 analysts recommending between $2.08 and $1.72.
Revenue Estimates
According to 4 analysts, the current quarter’s revenue is expected to be $1.49B. It ranges from a high estimate of $1.49B to a low estimate of $1.49B. As of the current estimate, Resideo Technologies Inc’s year-ago sales were $1.53B, an estimated decrease of -3.10% from the year-ago figure.
A total of 5 analysts have provided revenue estimates for REZI’s current fiscal year. The highest revenue estimate was $6.18B, while the lowest revenue estimate was $6.14B, resulting in an average revenue estimate of $6.16B. In the same quarter a year ago, actual revenue was $6.24B, down -1.30% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $6.33B in the next fiscal year. The high estimate is $6.46B and the low estimate is $6.17B. The average revenue growth estimate for next year is up 2.70% from the average revenue estimate for this year.
