Resideo Technologies Inc. (NYSE:REZI) has a 12-month trailing P/E ratio of 41.26. The stock’s Relative Strength Index (RSI) is 54.45, with weekly volatility at 3.81% and ATR at 1.28. The REZI stock’s 52-week price range has touched low of $8.52 and a $32.80 high. Its shares traded lower over the last trading session, losing -0.68% on 06/10/21. The shares fell to a low of $30.69 before closing at $30.90. Intraday shares traded counted 0.46 million, which was 37.34% higher than its 30-day average trading volume of 741.91K. REZI’s previous close was $31.11 while the outstanding shares total 143.38M.
Investors have identified the Security & Protection Services company Resideo Technologies 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 $4.34 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.
Resideo Technologies Inc. (REZI) 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. For REZI, the company has in raw cash 508.0 million on their books with 10.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 2.22 billion total, with 1.45 billion as their total liabilities.
REZI were able to record -14.0 million as free cash flow during the 08/11/2021 quarter of the year, this saw their quarterly net cash flow reduce by -9.0 million. In cash movements, the company had a total of 5.0 million as operating cash flow.
Potential earnings growth for Resideo Technologies Inc. (REZI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/11/2021 quarter of the year, Resideo Technologies Inc. recorded a total of 1.42 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 16.91% coming in sequential stages and their sales for the 08/11/2021 quarter reducing by -5.78%.
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 1.05 billion trying to sell their products during the last quarter, with the result yielding a gross income of 368.0 million. This allows shareholders to hold on to 143.38M with the recently reported earning now reading 0.34 cents per share. This is a figure that compared to analyst’s prediction for their 08/11/2021 (0.33 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.74 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 REZI sounds very interesting.
Is the stock of REZI attractive?
In related news, EVP, Chief Financial Officer, TRUNZO ANTHONY L bought 20 shares of the company’s stock in a transaction that recorded on Apr 15. The purchase was performed at an average price of 28.84, for a total value of 577. As the purchase deal closes, the EVP, GC, Corp Sec & CCO, Lane Jeannine J now sold 8,162 shares of the company’s stock, valued at 240,861. Also, President, ADI, Aarnes Robert B sold 4,267 shares of the company’s stock in a deal that was recorded on Mar 04. The shares were cost at an average price of 27.48 per share, with a total market value of 117,257. Following this completion of disposal, the Director, LAZAR JACK R now holds 6,666 shares of the company’s stock, valued at 99,990. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
3 out of 7 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on Resideo Technologies Inc.. 0 analysts has assigned a Sell rating on the REZI stock. The 12-month mean consensus price target for the company’s shares has been set at $35.25.