Beacon Roofing Supply Inc (BECN) saw an uptrend of 2.35% in the recent trading with $86.58 being its most recent. The current price level -17.87% lower than the highest price of $105.42 marked by the stock while trading over the past 52-weeks, whereas it is 26.39% higher than the lowest price of $68.50 the company dropped to over past 52-weeks. The latest news story on BECN appeared in (Business Wire) under the title “Beacon Expands Digital Platform to Support Canadian Customers”.
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Squeezing the time span to 30 day period shows us the stock is currently trading -6.71% below one month high and is +10.97% above of the lowest during that time. Looking into the simple moving average, Beacon Roofing Supply Inc (BECN)’s stock stands at a SMA-50 of $89.68 while that of 5-day is reading $83.18.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and BECN’s SMA-200 as of now is $90.35.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 9 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.93 for the stock.
Beacon Roofing Supply Inc Earnings – What Happened With BECN
Coming around sales and income figures on BECN Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
BECN – Beacon Roofing Supply Inc Stock Earnings Estimates
The perspective of Beacon Roofing Supply Inc (NASDAQ:BECN)’s current quarter earnings identifies that analysts are in consensus over the estimate of 2.61 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was 2.84.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 63.30 million. BECN does have institutional investors; and they hold 98.57% of the stock.
Beacon Roofing Supply Inc – Insider Activity and Holdings
As on 2024-06-30, VANGUARD GROUP INC was the top most holder in Beacon Roofing Supply Inc (NASDAQ:BECN) with an ownership of 6.8 million shares of the company or 10.6957 of the stake worth $615.63 million. The filing also reveals FMR LLC as the second largest holder in the company with a control over 8.6041 of the outstanding shares. Its stake is worth $495.24 million for having 5.47 million shares in hand.
BLACKROCK INC. also came holding a key position in the company during the recent quarter and it now holds 7.7756 of the outstanding shares. With this there are now 439.0 institutions which have possession in BECN’s shares.
Currently, the stock has been recommended as Strong Buy by 9 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.93 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Beacon Roofing Supply Inc has a debt to equity ratio of 2.11.
Technical Analysis of Beacon Roofing Supply Inc (NASDAQ:BECN) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Beacon Roofing Supply Inc (BECN), we notice that the stock’s 20-day average volume is at 585,775 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 757,266 shares. And to end, BECN’s 100-day average volume is 719,474 shares with 50% of the long-term indicators pointing towards Sell for the stock.
