While TREX Co., Inc. has overperformed by 2.89%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TREX rose by 53.41%, with highs and lows ranging from $101.91 to $51.03, whereas the simple moving average jumped by 20.60% 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.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of TREX Co., Inc.’s future performance, with equity being one of the most critical indicators. 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and TREX is recording an average volume of 718.69K. On a monthly basis, the volatility of the stock is set at 2.84%, whereas on a weekly basis, it is put at 2.48%, with a gain of 3.71% over the past seven days. Furthermore, long-term investors anticipate a median target price of $101.44, showing growth from the present price of $93.41, 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?
TREX Co., Inc. (TREX) is based in the USA and is one of the most prominent companies operating in the Building Products & Equipment market. 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 49.49, there is a growth in quarterly earnings of 118.63%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 0.63%. 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 96.15% 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 96.15% at present.
