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Tecnoglass Inc. (TGLS) 2022 Stock Forecast: Bullish Outlook with 41.69% Upside

Tecnoglass Inc. (NYSE: TGLS) is -19.85% lower on its value in year-to-date trading and has touched a low of $16.05 and a high of $34.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TGLS stock was last observed hovering at around $20.43 in the last trading session, with the day’s gains setting it 0.56% off its average median price target of $33.00 for the next 12 months. It is also 41.69% off the consensus price target high of $36.00 offered by 5 analysts, but current levels are 34.41% higher than the price target low of $32.00 for the same period.

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Currently trading at $20.99, the stock is 12.43% and 8.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing 2.74% at the moment leaves the stock -10.77% off its SMA200. TGLS registered 14.89% gain for a year compared to 6-month loss of 3.45%.

The stock witnessed a 15.39% gain in the last 1 month and extending the period to 3 months gives it a -7.49%, and is 3.96% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.56% over the week and 4.17% over the month.

Tecnoglass Inc. (TGLS) has around 6908 employees, a market worth around $996.82M and $520.50M in sales. Current P/E ratio is 12.38 and Fwd P/E is 8.24. Profit margin for the company is 15.50%. Distance from 52-week low is 30.78% and -39.86% from its 52-week high. The company has generated returns on investments over the last 12 months (17.60%).

Tecnoglass Inc. (TGLS) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Tecnoglass Inc. (TGLS) is a “Buy”. 5 analysts offering their recommendations for the stock have an average rating of 1.40, where 0 rate it as a Hold and 1 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Tecnoglass Inc. is expected to release its quarterly report on 11/09/2022.The EPS is expected to grow by 177.80% this year.

Tecnoglass Inc. (TGLS) Top Institutional Holders

The shares outstanding are 47.67M, and float is at 20.57M with Short Float at 8.38%.

Tecnoglass Inc. (TGLS) Insider Activity

A total of 1 insider transactions have happened at Tecnoglass Inc. (TGLS) in the last six months, with sales accounting for 0 and purchases happening 1 times. The most recent transaction is an insider sale by Byorum Martha L,the company’sDirector. SEC filings show that Byorum Martha L sold 8,000 shares of the company’s common stock on Sep 02 at a price of $24.46 per share for a total of $0.2 million. Following the sale, the insider now owns 50304.0 shares.

Tecnoglass Inc. (TGLS): Who are the competitors?

The company’s main competitors (and peers) include Masonite International Corporation (DOOR) that is trading -18.47% down over the past 12 months and PPG Industries Inc. (PPG) that is -23.14% lower over the same period. PGT Innovations Inc. (PGTI) is -5.22% down on the 1-year trading charts.

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