Tecnoglass Inc. (NASDAQ:TGLS) shares fell to a low of $18.02 before closing at $19.08. Intraday shares traded counted 0.71 million, which was -34.28% lower than its 30-day average trading volume of 531.55K. TGLS’s previous close was $20.08 while the outstanding shares total 47.67M. The firm has a beta of 1.68, a 12-month trailing P/E ratio of 17.44, and a growth ratio of 18.55. The stock’s Relative Strength Index (RSI) is 50.79, with weekly volatility at 10.88% and ATR at 1.86. The TGLS stock’s 52-week price range has touched low of $4.21 and a $24.01 high. The stock traded lower over the last trading session, losing -4.98% on 06/17/21.
Investors have identified the Building Products & Equipment company Tecnoglass 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 $821.01 million, 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.
Tecnoglass Inc. (TGLS) 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 TGLS, the company has in raw cash 85.16 million on their books with 13.75 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 293.23 million total, with 103.47 million as their total liabilities.
TGLS were able to record 23.27 million as free cash flow during the 08/06/2021 quarter of the year, this saw their quarterly net cash flow reduce by 18.26 million. In cash movements, the company had a total of 28.96 million as operating cash flow.
Potential earnings growth for Tecnoglass Inc. (TGLS)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/06/2021 quarter of the year, Tecnoglass Inc. recorded a total of 110.88 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 21.27% coming in sequential stages and their sales for the 08/06/2021 quarter increasing by 7.67%.
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 65.74 million trying to sell their products during the last quarter, with the result yielding a gross income of 45.14 million. This allows shareholders to hold on to 47.67M with the recently reported earning now reading 0.17 cents per share. This is a figure that compared to analyst’s prediction for their 08/06/2021 (0.35 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.34 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 TGLS sounds very interesting.
Is the stock of TGLS attractive?
In related news, Director, Torres Julio A. sold 20,000 shares of the company’s stock in a transaction that recorded on May 13. The sale was performed at an average price of 15.87, for a total value of 317,400. As the sale deal closes, the Director, Byorum Martha L now sold 3,000 shares of the company’s stock, valued at 21,102. Also, Director, Byorum Martha L sold 5,000 shares of the company’s stock in a deal that was recorded on Dec 16. The shares were price at an average price of 7.10 per share, with a total market value of 35,501. Following this completion of acquisition, the Director, Byorum Martha L now holds 2,000 shares of the company’s stock, valued at 10,400. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
4 out of 5 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Tecnoglass Inc.. 0 analysts has assigned a Sell rating on the TGLS stock. The 12-month mean consensus price target for the company’s shares has been set at $17.80.