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Resideo Technologies Inc (REZI) – Don’t Be So Quick to Call it Dead

Resideo Technologies Inc (NYSE: REZI) is 2.02% higher on its value in year-to-date trading and has touched a low of $14.19 and a high of $23.21 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The REZI stock was last observed hovering at around $19.39 in the last trading session, with the day’s loss setting it -0.19%.

Currently trading at $19.20, the stock is -11.90% and -10.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing -0.98% at the moment leaves the stock 7.45% off its SMA200. REZI registered 5.90% gain for a year compared to 6-month gain of 26.15%.

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The stock witnessed a -13.51% loss in the last 1 month and extending the period to 3 months gives it a 14.97%, and is -11.15% down 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 4.07% over the week and 2.81% over the month.

Resideo Technologies Inc (REZI) has around 14000 employees, a market worth around $2.79B and $6.24B in sales. Current P/E ratio is 13.54 and Fwd P/E is 10.55. Profit margin for the company is 3.36%. Distance from 52-week low is 35.26% and -17.28% from its 52-week high. The company has generated returns on investments over the last 12 months (4.87%).

The EPS is expected to grow by 4.89% this year

The shares outstanding are 145.39M, and float is at 142.14M with Short Float at 2.23%.

Resideo Technologies Inc (REZI) Insider Activity

The most recent transaction is an insider sale by Theodore Phillip L., the company’s President Products & Solutions. SEC filings show that Theodore Phillip L. sold 20,000 shares of the company’s common stock on Nov 16 ’23 at a price of $16.45 per share for a total of $0.33 million. Following the sale, the insider now owns 0.15 million shares.

Resideo Technologies Inc disclosed in a document filed with the SEC on Jun 07 ’23 that Beskid Tina M (Chief Accounting Officer) sold a total of 13,543 shares of the company’s common stock. The trade occurred on Jun 07 ’23 and was made at $17.25 per share for $0.23 million. Following the transaction, the insider now directly holds 41259.0 shares of the REZI stock.

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