Resideo Technologies Inc (NYSE: REZI) is 7.86% higher on its value in year-to-date trading and has touched a low of $14.19 and a high of $23.43 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 $20.22 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $20.30, the stock is 4.17% and 1.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.7 million and changing 0.40% at the moment leaves the stock 3.01% off its SMA200. REZI registered 25.39% gain for a year compared to 6-month gain of -8.97%.
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The stock witnessed a -9.46% loss in the last 1 month and extending the period to 3 months gives it a -4.74%, and is 5.51% 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 2.27% over the week and 3.58% over the month.
Resideo Technologies Inc (REZI) has around 14000 employees, a market worth around $2.97B and $6.17B in sales. Current P/E ratio is 17.04 and Fwd P/E is 8.41. Profit margin for the company is 2.85%. Distance from 52-week low is 43.01% and -13.36% from its 52-week high. The company has generated returns on investments over the last 12 months (3.22%).
The EPS is expected to grow by 44.51% this year
532.0 institutions hold shares in Resideo Technologies Inc (REZI), with institutional investors hold 96.22% of the company’s shares. The shares outstanding are 145.39M, and float is at 144.08M with Short Float at 1.92%. Institutions hold 94.50% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 22.98 million shares valued at $449.5 million. The investor’s holdings represent 15.7402 of the REZI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 15.95 million shares valued at $311.9 million to account for 10.9219 of the shares outstanding. The other top investors are ARIEL INVESTMENTS, LLC which holds 9.59 million shares representing 6.5687 and valued at over $187.59 million, while STATE STREET CORP holds 5.4119 of the shares totaling 7.9 million with a market value of $154.55 million.
Resideo Technologies Inc (REZI) Insider Activity
The most recent transaction is an insider sale by Beskid Tina M, the company’s Chief Accounting Officer. SEC filings show that Beskid Tina M sold 7,057 shares of the company’s common stock on May 21 ’24 at a price of $21.67 per share for a total of $0.15 million. Following the sale, the insider now owns 52824.0 shares.
Resideo Technologies Inc disclosed in a document filed with the SEC on May 14 ’24 that LAZAR JACK R (Director) sold a total of 9,000 shares of the company’s common stock. The trade occurred on May 14 ’24 and was made at $21.80 per share for $0.2 million. Following the transaction, the insider now directly holds 91168.0 shares of the REZI stock.
Still, SEC filings show that on May 09 ’24, Beskid Tina M (Chief Accounting Officer) disposed off 3,310 shares at an average price of $21.46 for $71026.0. The insider now directly holds 64,960 shares of Resideo Technologies Inc (REZI).
