Beacon Roofing Supply Inc (NASDAQ: BECN) is 14.88% higher on its value in year-to-date trading and has touched a low of $60.85 and a high of $103.75 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 BECN stock was last observed hovering at around $95.90 in the last trading session, with the day’s gains setting it 4.07%.
Currently trading at $99.97, the stock is 4.49% and 5.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.74 million and changing 4.24% at the moment leaves the stock 18.76% off its SMA200. BECN registered 60.39% gain for a year compared to 6-month gain of 32.76%.
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The stock witnessed a 5.64% loss in the last 1 month and extending the period to 3 months gives it a 14.84%, and is 8.33% 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 2.63% over the week and 2.66% over the month.
Beacon Roofing Supply Inc (BECN) has around 8063 employees, a market worth around $6.36B and $9.30B in sales. Fwd P/E is 11.99. Profit margin for the company is -0.36%. Distance from 52-week low is 64.28% and -3.64% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.68%).
The EPS is expected to shrink by -3.58% this year
The shares outstanding are 63.30M, and float is at 63.13M with Short Float at 1.63%.
Beacon Roofing Supply Inc (BECN) Insider Activity
The most recent transaction is an insider sale by Nelson Christopher Carl, the company’s EVP & CTO. SEC filings show that Nelson Christopher Carl sold 3,268 shares of the company’s common stock on Mar 28 ’24 at a price of $93.87 per share for a total of $0.31 million. Following the sale, the insider now owns 176.0 shares.
Beacon Roofing Supply Inc disclosed in a document filed with the SEC on Mar 21 ’24 that Taylor Jason L (President, West Division) sold a total of 1,805 shares of the company’s common stock. The trade occurred on Mar 21 ’24 and was made at $95.00 per share for $0.17 million. Following the transaction, the insider now directly holds 10531.0 shares of the BECN stock.
Still, SEC filings show that on Dec 20 ’23, Taylor Jason L (President, West Division) disposed off 1,806 shares at an average price of $88.75 for $0.16 million. The insider now directly holds 11,178 shares of Beacon Roofing Supply Inc (BECN).
