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The closing price of TREX Co., Inc. (NYSE: TREX) was $78.38 for the day, up 4.81% from the previous closing price of $74.78. In other words, the price has increased by $4.81 from its previous closing price. On the day, 1.3 million shares were traded. TREX stock price reached its highest trading level at $78.83 during the session, while it also had its lowest trading level at $75.94.
Ratios:
Our analysis of TREX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2793.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 51.25. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.39. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.02.
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.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 03 ’24 when Rudolph Jacob T. bought 44 shares for $63.00 per share. The transaction valued at 2,772 led to the insider holds 25,790 shares of the business.
Rudolph Jacob T. sold 16,440 shares of TREX for $1,494,472 on May 15 ’24. The SVP, CHRO now owns 25,746 shares after completing the transaction at $90.90 per share. On Apr 04 ’24, another insider, Rudolph Jacob T., who serves as the SVP, CHRO of the company, bought 35 shares for $70.37 each. As a result, the insider paid 2,463 and bolstered with 42,186 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, TREX now has a Market Capitalization of 8519356928 and an Enterprise Value of 8764516352. As of this moment, TREX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.66, and their Forward P/E ratio for the next fiscal year is 31.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.93 while its Price-to-Book (P/B) ratio in mrq is 10.59. Its current Enterprise Value per Revenue stands at 7.127 whereas that against EBITDA is 22.456.
Stock Price History:
The Beta on a monthly basis for TREX is 1.50, which has changed by 0.12147665 over the last 52 weeks, in comparison to a change of 0.23951602 over the same period for the S&P500. Over the past 52 weeks, TREX has reached a high of $101.91, while it has fallen to a 52-week low of $53.59. The 50-Day Moving Average of the stock is -6.21%, while the 200-Day Moving Average is calculated to be -2.06%.
Shares Statistics:
TREX traded an average of 853.41K shares per day over the past three months and 1123860 shares per day over the past ten days. A total of 108.61M shares are outstanding, with a floating share count of 108.02M. Insiders hold about 0.62% of the company’s shares, while institutions hold 95.29% stake in the company. Shares short for TREX as of 1718323200 were 5380484 with a Short Ratio of 6.65, compared to 1715731200 on 5099327. Therefore, it implies a Short% of Shares Outstanding of 5380484 and a Short% of Float of 5.71.
