Beacon Roofing Supply Inc. (NASDAQ:BECN) went down by -6.78% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Building Products & Equipment giant went up by $25.15 to trade ended Thursday trading at $26.98. This is down from the $26.98 price recorded on Wednesday’s trading session. Thanks to this latest performance, BECN is closer to the higher price 52-week target of $34.00 and further from the lowest price target of $19.00. Its performance from the start of the year has also been negative, with BECN down by -21.36% year-to-date.
Beacon Roofing Supply Inc. (BECN) started the day trading at $26.77 and recorded an intraday high of $26.93. It also recorded an intraday low of $25.09 during Thursday’s trading session. Beacon Roofing Supply Inc. is a very active stock that recorded a trading volume that is less than -13.95% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 490718, which is less than -13.95 of the total average daily trading volume of 559.15K.
Beacon Roofing Supply Inc. (NASDAQ:BECN) 2020 Performance Impressive
The increase in BECN’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of BECN currently stands at $37.87, which is higher than the current trading price of the stock by 33.59%. However, BECN’s current trading price is -115.69% lower than the 52-week low price of $11.66. In terms of trading volume, Beacon Roofing Supply Inc. currently experienced healthy participation during the last trading session. 490718 shares of Beacon Roofing Supply Inc. were traded on the stock exchange on Thursday, which is less than -13.95% of the 559.15K average trading volume of the stock.
The performance of the stock has been positive over the past year. BECN’s performance over the past one year has seen it plunge by -31.04%, while the stock has gone down by -28.37% in the last six months. The quarterly performance of BECN currently stands at 52.42%, and it is down by -14.31% in the last month. The only negative figure was from the weekly performance, which currently reads -1.30%. At the time of writing BECN’s report, the company has a total market cap of $1.73B, making it one of the largest publicly-traded companies in the world.Beacon Roofing Supply Inc. also has over 8147 employees all over the world.
BECN Insider Activities
The insider transactions over the past six months are up by 5.70%.For Beacon Roofing Supply Inc. insiders bought 28,873 shares in 7 transactions. In that same period, insiders sold 3,029 of their shares in 1 transactions. After these transactions, insiders at Beacon Roofing Supply Inc. now hold 475.66k shares, which is over 106.00% of the total company stocks. Institutional investors currently hold a large chunk of the BECN shares, as they control 0.69% of the company’s total stock.
BECN Fundamental Analysis
For Beacon Roofing Supply Inc., the stock’s diluted earnings per share (EPS) stands at -1.63. In the coming year, analysts expect the EPS to be 2.02. The stock’s EPS growth this year is -211.40%, with analysts expecting almost a 1 growth in the earnings per share next week. In terms of revenue, Beacon Roofing Supply Inc.’s quarterly sales (YOY) is growing at 0.56, which is higher than the average annual revenue of -19.90% over the past half a decade.
The Return on Investment (ROI) on Beacon Roofing Supply Inc.’s stock currently stands at 3.30%, and it has a net profit margin of -1.60%. The operating margin of the company is -0.20%, and its gross margin is 24.30%.
BECN Analysts Prediction
The RBC Capital Mkts has a Underperform rating for Beacon Roofing Supply Inc., predicting the stock price to stay between $20 and $13.
At the moment, Beacon Roofing Supply Inc.’s Total Debt to Equity ratio stands at 2.07, and they have a long-term Debt to Equity ratio of 2.06.
BECN Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of BECN currently stands at -6.25%, while the SMA50 is 1.97%. The biggest one is the SMA200, which is currently reading -9.68% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 46.39.