Resideo Technologies Inc (NYSE: REZI) is -7.03% lower on its value in year-to-date trading and has touched a low of $17.43 and a high of $28.28 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 REZI stock was last observed hovering at around $21.86 in the last trading session, with the day’s loss setting it -0.43%.
Currently trading at $21.43, the stock is -3.49% and -8.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing -1.97% at the moment leaves the stock -0.78% off its SMA200. REZI registered -3.64% loss for a year compared to 6-month gain of 12.79%.
The stock witnessed a -7.19% loss in the last 1 month and extending the period to 3 months gives it a -16.87%, and is 0.42% 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 2.32% over the week and 2.34% over the month.
Resideo Technologies Inc (REZI) has around 14000 employees, a market worth around $3.15B and $6.44B in sales. Current P/E ratio is 18.10 and Fwd P/E is 8.12. Profit margin for the company is 2.72%. Distance from 52-week low is 22.95% and -24.22% from its 52-week high. The company has generated returns on investments over the last 12 months (3.17%).
with sales reaching $1.84B over the same period.The EPS is expected to shrink by -0.36% this year, but quarterly earnings will post 7.99% year-over-year. Quarterly sales are estimated to grow 19.46% in year-over-year returns.
The shares outstanding are 146.92M, and float is at 143.52M with Short Float at 2.18%.
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).
