Belden Inc. (NYSE:BDC) Relative Strength Index (RSI) is 37.52, with weekly volatility at 5.21% and ATR at 1.91. The BDC stock’s 52-week price range has touched low of $25.54 and a $61.04 high. Intraday shares traded counted 1.11 million, which was -157.53% lower than its 30-day average trading volume of 432.80K. Its shares traded lower over the last trading session, losing -5.26% on 06/26/20. The shares fell to a low of $29.67 before closing at $29.88. BDC’s previous close was $31.54 while the outstanding shares total 45.39M. The firm has a beta of 1.77, a 12-month trailing P/E ratio of 15.58, and a growth ratio of 1.53.
Investors have identified the Electrical Equipment & Parts company Belden Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.40 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Belden Inc. (BDC) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 1186971000 million total, with 574218000 million as their total liabilities.
BDC were able to record -72.99 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by -132.15 million. In cash movements, the company had a total of -52.05 million as operating cash flow.
Potential earnings growth for Belden Inc. (BDC)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Belden Inc. recorded a total of 463.53 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -7.9% coming in sequential stages and their sales for the third quarter increasing by 19.47%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 293.02 million trying to sell their products during the last quarter, with the result yielding a gross income of 170.5 million. This allows shareholders to hold on to 45.39M with the revenue now reading -0.58 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.64 cents a share).
Having a look at the company’s valuation, the company is expected to record 4.52 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on BDC sounds very interesting.
Is the stock of BDC attractive?
In related news, SVP, Ops & Lean Enterprise, Kulmaczewski Leo bought 1,000 shares of the company’s stock in a transaction that recorded on Mar 09. The purchase was performed at an average price of 39.88, for a total value of 39,878. As the purchase deal closes, the SVP, Ops & Lean Enterprise, Kulmaczewski Leo now bought 800 shares of the company’s stock, valued at 36,368. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.10%.
3 out of 8 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on Belden Inc.. 1 analysts has assigned a Sell rating on the BDC stock. The 12-month mean consensus price target for the company’s shares has been set at $39.42.