This trade activity should not be overlooked: Resideo Technologies Inc (REZI)

With 0.58 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.92 million shares. During the session, the Industrial Distribution company that operates in wider Industrials sector, reached to the highest price of $20.24 whereas the lowest price it dropped to was $19.66. The 52-week range on REZI shows that it touched its highest point at $23.43 and its lowest point at $14.21 during that stretch. It currently has a 1-year price target of $25.33. Beta for the stock currently stands at 2.09.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of REZI was down-trending over the past week, with a drop of -2.62%, but this was up by 0.46% over a month. Three-month performance dropped to -3.10% while six-month performance fell -0.30%. The stock gained 35.84% in the past year, while it has gained 4.52% so far this year. A look at the trailing 12-month EPS for REZI yields 1.19 with Next year EPS estimates of 2.41. For the next quarter, that number is 0.56. This implies an EPS growth rate of 44.51% for this year and 5.68% for next year.

Float and Shares Shorts:

At present, 145.39 million REZI shares are outstanding with a float of 144.12 million shares on hand for trading. On 2024-10-15, short shares totaled 2.26 million, which was 154.0 higher than short shares on 1726185600. In addition to Mr. Jay L. Geldmacher as the firm’s CEO, President & Director, Ms. Jeannine J. Lane serves as its Executive VP, General Counsel & Corporate Secretary.

Institutional Ownership:

Through their ownership of 0.94727 of REZI’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-29, REZI reported revenue of $1589000000.0 and operating income of $133000000.0. The EBITDA in the recently reported quarter was $113000000.0 and diluted EPS was $0.19.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for REZI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.