While TREX Co., Inc. has underperformed by -0.80%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TREX rose by 79.46%, with highs and lows ranging from $101.91 to $44.90, whereas the simple moving average jumped by 32.22% in the last 200 days.
On December 14, 2023, JP Morgan Upgraded TREX Co., Inc. (NYSE: TREX) to Neutral. A report published by Barclays on December 13, 2023, Downgraded its rating to ‘Underweight’ for TREX. Goldman Initiated an Buy rating on October 03, 2023, and assigned a price target of $78. Citigroup initiated its ‘Neutral’ rating for TREX, as published in its report on August 25, 2023. BofA Securities’s report from May 09, 2023 suggests a price prediction of $66 for TREX shares, giving the stock a ‘Buy’ rating. Loop Capital also rated the stock as ‘Buy’.
Analysis of TREX Co., Inc. (TREX)
Further, the quarter-over-quarter increase in sales is 1.90%, showing a positive trend in the upcoming months.
One of the most important indicators of TREX Co., Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 33.26% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.72, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and TREX is recording 864.05K average volume. On a monthly basis, the volatility of the stock is set at 3.51%, whereas on a weekly basis, it is put at 3.83%, with a loss of -1.88% over the past seven days. Furthermore, long-term investors anticipate a median target price of $102.50, showing growth from the present price of $91.76, which can serve as yet another indication of whether TREX is worth investing in or should be passed over.
How Do You Analyze TREX Co., Inc. Shares?
The Building Products & Equipment market is dominated by TREX Co., Inc. (TREX) based in the USA. When comparing TREX Co., Inc. shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 48.61, there is a growth in quarterly earnings of 118.63%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.68%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 97.48% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TREX shares are owned by institutional investors to the tune of 97.48% at present.
