Resideo Technologies Inc (NYSE: REZI) is 43.46% higher on its value in year-to-date trading and has touched a low of $16.36 and a high of $28.28 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 $27.56 in the last trading session, with the day’s loss setting it -0.56%.
Currently trading at $27.00, the stock is 3.26% and 19.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing -2.03% at the moment leaves the stock 27.73% off its SMA200. REZI registered 58.26% gain for a year compared to 6-month loss of 29.68%. The firm has a 50-day simple moving average (SMA 50) of $22.493 and a 200-day simple moving average (SMA200) of $21.10985.
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The stock witnessed a 31.45% gain in the last 1 month and extending the period to 3 months gives it a 47.95%, and is -0.52% 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 2.21% over the week and 3.37% over the month.
Resideo Technologies Inc (REZI) has around 14000 employees, a market worth around $3.97B and $6.44B in sales. Current P/E ratio is 22.81 and Fwd P/E is 11.83. Profit margin for the company is 2.72%. Distance from 52-week low is 65.04% and -4.53% from its 52-week high. The company has generated returns on investments over the last 12 months (3.17%).
The EPS is expected to grow by 20.89% this year
521.0 institutions hold shares in Resideo Technologies Inc (REZI), with institutional investors hold 96.61% of the company’s shares. The shares outstanding are 146.92M, and float is at 143.94M with Short Float at 1.91%. Institutions hold 94.93% 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 Aarnes Robert B, the company’s President, ADI. SEC filings show that Aarnes Robert B sold 98,829 shares of the company’s common stock on Nov 20 ’24 at a price of $26.16 per share for a total of $2.59 million. Following the sale, the insider now owns 0.46 million shares.
Still, SEC filings show that on Nov 18 ’24, Lane Jeannine J (EVP, GC and Corp Sec) disposed off 15,990 shares at an average price of $25.58 for $0.41 million. The insider now directly holds 128,677 shares of Resideo Technologies Inc (REZI).
