Does Resideo Technologies Inc (REZI) offer a good opportunity for investors?

With 0.93 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.94 million shares. During the session, the Industrial Distribution company that operates in wider Industrials sector, reached to the highest price of $26.37 whereas the lowest price it dropped to was $25.67. The 52-week range on REZI shows that it touched its highest point at $26.19 and its lowest point at $16.05 during that stretch. It currently has a 1-year price target of $27.33. Beta for the stock currently stands at 2.13.

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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 up-trending over the past week, with a rise of 3.90%, but this was up by 27.60% over a month. Three-month performance surged to 37.60% while six-month performance rose 21.21%. The stock gained 59.79% in the past year, while it has gained 40.01% so far this year. A look at the trailing 12-month EPS for REZI yields 1.18 with Next year EPS estimates of 2.28. For the next quarter, that number is 0.51. This implies an EPS growth rate of 20.89% for this year and 19.50% for next year.

Float and Shares Shorts:

At present, 145.39 million REZI shares are outstanding with a float of 144.38 million shares on hand for trading. On 2024-10-31, short shares totaled 2.13 million, which was 145.00000500000002 higher than short shares on 1727654400. In addition to Mr. Jay L. Geldmacher as the firm’s CEO, President & Director, Ms. Jeannine J. Lane J.D. serves as its Executive VP, General Counsel & Corporate Secretary.

Institutional Ownership:

Through their ownership of 0.94626 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 2024-09-28, REZI reported revenue of $1828000000.0 and operating income of $155000000.0. The EBITDA in the recently reported quarter was $146000000.0 and diluted EPS was $0.07.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for REZI since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With REZI analysts setting a high price target of 31.0 and a low target of 25.0, the average target price over the next 12 months is 27.33333. Based on these targets, REZI could surge 17.65% to reach the target high and fall by -5.12% to reach the target low. Reaching the average price target will result in a growth of 3.73% from current levels.

Analysts have provided yearly estimates in a range of $1.95044 being high and $1.89108 being low. For REZI, this leads to a yearly average estimate of $1.925. The surprise factor in the prior quarter was $0.49. Based on analyst estimates, the high estimate for the next quarter is $0.52 and the low estimate is $0.5. The average estimate for the next quarter is thus $0.51.