Resideo Technologies, Inc. (NYSE:REZI) has seen 10,331,377 shares traded in the last trading session. The company, currently valued at $1.35 Billion, closed the last trade at $10.98 per share which meant it lost -$1 on the day or -8.65% during that session. The REZI stock price is -102.82% off its 52-week high price of $22.27 and 66.12% above the 52-week low of $3.72. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.15 Million shares traded. The 3-month trading volume is 2.15 Million shares.
The consensus among analysts is that Resideo Technologies, Inc. (REZI) is a Hold stock at the moment, with a recommendation rating of 2.5. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 3 out of 4 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.04.
Resideo Technologies, Inc. (NYSE:REZI) trade information
Despite being -8.65% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Jun 24 when the REZI stock price touched $12.60- or saw a rise of 12.86%. Year-to-date, Resideo Technologies, Inc. shares have moved -7.96%, while the 5-day performance has seen it change -3.09%. Over the past 30 days, the shares of Resideo Technologies, Inc. (NYSE:REZI) have changed 69.71%. Short interest in the company has seen 7.51 Million shares shorted with days to cover at 3.49.
Wall Street analysts have a consensus price target for the stock at $8.83, which means that the shares’ value could jump -19.58% from current levels. The projected low price target is $4.5 while the price target rests at a high of $12. In that case, then, we find that the current price level is +9.29% off the targeted high while a plunge would see the stock lose -59.02% from current levels.
Resideo Technologies, Inc. (REZI) estimates and forecasts
Figures show that Resideo Technologies, Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -7.03% over the past 6 months, with this year growth rate of -52.73%, compared to -8.4% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -78.9% and -78.9% for the next quarter. Revenue growth from the last financial year stood is estimated to be -8.8%.
4 analysts offering their estimates for the company have set an average revenue estimate of $1.02 Billion for the current quarter. 4 have an estimated revenue figure of $1.09 Billion for the next quarter concluding in September 01, 2020. Year-ago sales stood $1.24 Billion and $1.23 Billion respectively for this quarter and the next, and analysts expect sales will grow by -18.2% for the current quarter and -11.3% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest -57.8% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Resideo Technologies, Inc. (NYSE:REZI)’s Major holders
Insiders own 0.32% of the company shares, while shares held by institutions stand at 86.78% with a share float percentage of 87.06%. Investors are also buoyed by the number of investors in a company, with Resideo Technologies, Inc. having a total of 579 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 11.64 Million shares worth more than $56.33 Million. As of March 30, 2020, Vanguard Group, Inc. (The) held 9.45% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 10.89 Million shares as of March 30, 2020. The firm’s total holdings are worth over $52.73 Million and represent 8.85% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Undiscovered Managers Behavioral Value Fund. As of March 30, 2020, the former fund manager holds about 2.97% shares in the company for having 3652345 shares of worth $17.68 Million while later fund manager owns 3.65 Million shares of worth $17.65 Million as of March 30, 2020, which makes it owner of about 2.96% of company’s outstanding stock.