After finishing at $91.76 in the prior trading day, TREX Co., Inc. (NYSE: TREX) closed at $94.61, up 3.11%. In other words, the price has increased by $+2.85 from its previous closing price. On the day, 907536 shares were traded.
Ratios:
Our goal is to gain a better understanding of TREX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5243.13 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.01. For the most recent quarter (mrq), Quick Ratio is recorded 0.72 and its Current Ratio is at 1.89. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
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 the company, JP Morgan on December 14, 2023, Upgraded its rating to Neutral and sets its target price to $79 from $62 previously.
On December 13, 2023, Barclays Downgraded its rating to Underweight which previously was Equal Weight and also upped its target price recommendation from $66 to $74.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TREX now has a Market Capitalization of 10.28B and an Enterprise Value of 10.31B. As of this moment, TREX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 50.12, and their Forward P/E ratio for the next fiscal year is 37.32. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.39 while its Price-to-Book (P/B) ratio in mrq is 14.34. Its current Enterprise Value per Revenue stands at 9.41 whereas that against EBITDA is 31.58.
Stock Price History:
Over the past 52 weeks, TREX has reached a high of $101.91, while it has fallen to a 52-week low of $44.90. The 50-Day Moving Average of the stock is 85.17, while the 200-Day Moving Average is calculated to be 69.76.
Shares Statistics:
The stock has traded on average 874.91K shares per day over the past 3-months and 1.15M shares per day over the last 10 days, according to various share statistics. A total of 108.61M shares are outstanding, with a floating share count of 107.89M. Insiders hold about 0.68% of the company’s shares, while institutions hold 97.50% stake in the company. Shares short for TREX as of Feb 15, 2024 were 5.97M with a Short Ratio of 6.82, compared to 6.58M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.50% and a Short% of Float of 6.23%.
