Resideo Technologies Inc (NYSE: REZI) is -17.09% 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 $19.08 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $19.11, the stock is -10.83% and -15.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing 0.16% at the moment leaves the stock -11.40% off its SMA200. REZI registered -11.24% loss for a year compared to 6-month gain of -5.16%.
The stock witnessed a -16.26% loss in the last 1 month and extending the period to 3 months gives it a -27.53%, and is -12.58% 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 5.00% over the week and 2.90% over the month.
Resideo Technologies Inc (REZI) has around 14600 employees, a market worth around $2.83B and $6.76B in sales. Current P/E ratio is 27.06 and Fwd P/E is 8.25. Profit margin for the company is 1.55%. Distance from 52-week low is 9.64% and -32.43% from its 52-week high. The company has generated returns on investments over the last 12 months (1.91%).
The EPS is expected to shrink by -5.68% this year
The shares outstanding are 147.23M, and float is at 144.52M with Short Float at 2.16%.
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).
