TREX Co., Inc. (TREX) is expecting 20.99% growth in the next quarter: What can investors do to maximize their returns?

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TREX Co., Inc. (NYSE: TREX) kicked off on Tuesday, down -1.37% from the previous trading day ,before settling in for the closing price of $97.35. Over the past 52 weeks, TREX has traded in a range of $47.65-$101.91.

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During the last 5-year period, the sales growth of Industrials Sector giant was 10.88%. While this was happening, its average annual earnings per share was recorded 18.90%. With a float of $107.94 million, this company’s outstanding shares have now reached $108.61 million.

Let’s determine the extent of company efficiency that accounts for 1765 employees.

TREX Co., Inc. (TREX) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Building Products & Equipment Industry. The insider ownership of TREX Co., Inc. is 0.63%, while institutional ownership is 97.42%. The most recent insider transaction that took place on Apr 04 ’24, was worth 2,463. In this transaction SVP, CHRO of this company bought 35 shares at a rate of $70.37, taking the stock ownership to the 42,186 shares. Before that another transaction happened on Mar 04 ’24, when Company’s President and CEO sold 6,164 for $95.95, making the entire transaction worth $591,413. This insider now owns 143,544 shares in total.

TREX Co., Inc. (TREX) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 12/30/2023, the organization reported $0.2 earnings per share (EPS), higher than consensus estimate (set at $0.19) by $0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.75 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 18.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.69% during the next five years compared to 10.63% growth over the previous five years of trading.

TREX Co., Inc. (NYSE: TREX) Trading Performance Indicators

Take a look at TREX Co., Inc.’s (TREX) current performance indicators. Last quarter, stock had a quick ratio of 0.72. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.53. Likewise, its price to free cash flow for the trailing twelve months is 46.69.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.89, a number that is poised to hit 0.71 in the next quarter and is forecasted to reach 2.53 in one year’s time.

Technical Analysis of TREX Co., Inc. (TREX)

Looking closely at TREX Co., Inc. (NYSE: TREX), its last 5-days average volume was 0.6 million, which is a drop from its year-to-date volume of 0.81 million. As of the previous 9 days, the stock’s Stochastic %D was 46.50%. Additionally, its Average True Range was 2.57.

During the past 100 days, TREX Co., Inc.’s (TREX) raw stochastic average was set at 84.56%, which indicates a significant increase from 38.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.91% in the past 14 days, which was lower than the 32.59% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $93.14, while its 200-day Moving Average is $74.93. However, in the short run, TREX Co., Inc.’s stock first resistance to watch stands at $97.50. Second resistance stands at $98.99. The third major resistance level sits at $100.51. If the price goes on to break the first support level at $94.49, it is likely to go to the next support level at $92.97. Should the price break the second support level, the third support level stands at $91.48.

TREX Co., Inc. (NYSE: TREX) Key Stats

The company with the Market Capitalisation of 10.43 billion has total of 108,624K Shares Outstanding. Its annual sales at the moment are 1,095 M in contrast with the sum of 205,380 K annual income. Company’s last quarter sales were recorded 195,750 K and last quarter income was 21,950 K.