Tecnoglass Inc (NYSE: TGLS) closed the day trading at $44.80 down -4.19% from the previous closing price of $46.76. In other words, the price has decreased by -$1.96 from its previous closing price. On the day, 1091220 shares were traded.
Ratios:
For a better understanding of TGLS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.41. For the most recent quarter (mrq), Quick Ratio is recorded 1.60 and its Current Ratio is at 2.27. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.30.
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, Stifel on February 14, 2024, Downgraded its rating to Hold and sets its target price to $45 from $48 previously.
On June 15, 2023, Stifel started tracking the stock assigning a Buy rating and target price of $60.
Sidoti Upgraded its Neutral to Buy on December 10, 2021, while the target price for the stock was maintained at $34.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 19 when Energy Holding Corp sold 2,300,000 shares for $41.06 per share. The transaction valued at 94,449,500 led to the insider holds 24,628,108 shares of the business.
Energy Holding Corp bought 519,412 shares of TGLS for $21,950,351 on Mar 09. The 10% Owner now owns 26,928,108 shares after completing the transaction at $42.26 per share. On Mar 09, another insider, Daes Jose M, who serves as the Chief Executive Officer of the company, sold 275,810 shares for $42.26 each. As a result, the insider received 11,655,731 and left with 0 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, TGLS now has a Market Capitalization of 2.11B and an Enterprise Value of 2.15B. As of this moment, Tecnoglass’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 12.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.53 while its Price-to-Book (P/B) ratio in mrq is 3.84. Its current Enterprise Value per Revenue stands at 2.53 whereas that against EBITDA is 6.69.
Stock Price History:
Over the past 52 weeks, TGLS has reached a high of $54.40, while it has fallen to a 52-week low of $28.21. The 50-Day Moving Average of the stock is 45.18, while the 200-Day Moving Average is calculated to be 40.92.
Shares Statistics:
Over the past 3-months, TGLS traded about 312.68K shares per day on average, while over the past 10 days, TGLS traded about 377.41k shares per day. A total of 47.00M shares are outstanding, with a floating share count of 22.20M. Insiders hold about 52.76% of the company’s shares, while institutions hold 37.81% stake in the company. Shares short for TGLS as of Feb 15, 2024 were 1.37M with a Short Ratio of 4.39, compared to 1.32M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.88% and a Short% of Float of 6.09%.
Dividends & Splits
TGLS’s forward annual dividend rate is 0.36, up from 0.00 a year ago. Against a Trailing Annual Dividend Yield of 0.00%, it implies a Forward Annual Dividend Yield of 0.98%. The stock’s 5-year Average Dividend Yield is 3.11.
Earnings Estimates
Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of $0.91 for the current quarter, with a high estimate of $1.01 and a low estimate of $0.77, while EPS last year was $1.08. The consensus estimate for the next quarter is $1.12, with high estimates of $1.2 and low estimates of $1.02.
Analysts are recommending an EPS of between $4.55 and $3.78 for the fiscal current year, implying an average EPS of $4.25. EPS for the following year is $4.44, with 4 analysts recommending between $4.75 and $3.95.
Revenue Estimates
5 analysts predict $207.23M in revenue for the current quarter. It ranges from a high estimate of $212.4M to a low estimate of $197.86M. As of the current estimate, Tecnoglass Inc’s year-ago sales were $191.06M, an estimated increase of 8.50% from the year-ago figure.
A total of 6 analysts have provided revenue estimates for TGLS’s current fiscal year. The highest revenue estimate was $930.9M, while the lowest revenue estimate was $849.51M, resulting in an average revenue estimate of $915.31M. In the same quarter a year ago, actual revenue was $833.26M, up 9.80% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $961.14M in the next fiscal year. The high estimate is $1.02B and the low estimate is $892.97M. The average revenue growth estimate for next year is up 5.00% from the average revenue estimate for this year.
