On December 03, 2019, Resideo Technologies, Inc. (NYSE:REZI) shares gained 8.63% or 0.8 points to close at $10.07 with a heavy trading volume of 4.067 million shares. It opened the trading session at $8.99, the shares rose to $10.15 and dropped to $8.89, the range by which the price of stock traded the whole day. The company now has a market cap of $1.25 billion and currently has 123.82 million outstanding shares. Resideo Technologies, Inc. (REZI) stock has accumulated 2.03 percent of market value in 21 trading days.
REZI stock’s trailing 3-year beta is 0, meaning there will be a lower rate of return, although posing a lower risk. The part of a firm’s profit given to each outstanding share of regular stock was -$2.11 share in the trailing 52 weeks. The stock’s value fallen -51 percent year to date (YTD) compared to a decline of -51.19 percent in 52 week’s period. The firm’s shares are still trading -61.86 percent below its 1-year high of $26.40 and 17.09 percent up from 52-week low of $8.60. The average consensus ranking on the company is 3, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a hold.
Resideo Technologies, Inc. (REZI) is most likely going to rise 11.72 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $12-month high price target. This represents a whopping 19.17 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $11.25, which means a return possibility of 11.72 percent in comparison with the closing price of the stock of $10.07 on December 03. The lowest price set for the stock is $10.5 — just above 4.27 percent from REZI share price now.
Past records have indicated that shares in Resideo Technologies, Inc. declined on 3 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of REZI’s Q4 earnings on March 05. Analysts are predicting revenue to climb 1.5 percent to $1.28B in the financial fourth quarter, while EPS will soar by about -3.23 percent to $0.3 per share. In the last quarter, it earnings of $0.19 per share came worse than the $0.23, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $1.27B, topping the $1.25B analysts had expected. Earnings are seen to rise by 44.9 percent this year, 10.7 percent in the coming year.
Let’s take a glimpse at some insider activity at Resideo Technologies, Inc. (NYSE:REZI) and observe the pattern. The earliest insider trade happened on 11/27/2019. Ragan Joseph Douglas III parted with a total of 11.11 thousand shares of the firm at average share price of $9.87. The total amount for the sale was set at $109.65 thousand. On completing this exchange, the Former EVP & CFO account balance was 0 thousand shares. The stock lost -6.08 percent from that insider sale. On 11/18/2019, Richardson Nina, Director, did a purchase of 4.92 thousand shares at a price of $10.12 per share. This increased 49.79 thousand shares to the insider’s fortune and the stock experienced a -8.4 percent retreat in price since the news became public. This exchange saw 4.92 thousand shares get into the Director account.
On 11/15/2019, Director Wienbar Sharon L recorded a purchase transaction valued at $50.57 thousand. The purchase at $10.32 a share has added 4.9 thousand shares into the insider’s portfolio position. Meanwhile, shares price witnessed -10.17 percent decrease since the transaction reporting date. The company insider is left with 4.9 thousand shares remaining in the account. TEICH ANDREW C, who works as Director at the company, performed a purchase of 50 thousand shares in a transaction worth $512.5 thousand. The acquisition recorded on 11/15/2019 was priced at $10.25 per share. The stock price plunged -9.56 percent since the transaction. TEICH ANDREW C currently holds a stake of 50 thousand in REZI stock which is worth $503.5 thousand after the insider buying.
The stock is lingering around the initial support level of $9.26. After this, the following support is at the zone of $8.44. Up until the time the REZI stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 48.16 on the daily chart, and this may be a cause for concern. In case the price goes below $8.44 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $10.52 level may cause a pull-back move approaching $10.96 mark.
Resideo Technologies, Inc. (REZI) shares are trading at a P/E ratio of 20.3 times earnings posted in the trailing 12 months. The industry REZI deals with has an average P/E of 215.1. Its P/B ratio is standing at 0.8X compared to the 3.8 industry average. It is additionally sporting a 0.2 on the Price-to-Sales ratio, compared to the industry’s P/S average of 1.7. Resideo Technologies, Inc. has a 24.8% gross profit margin, with its operating margin around 4.9%. Alongside this, the company’s net profit margin currently stands at 1.2%.