Tricon Residential Inc (TCN) concluded trading on Wednesday at a closing price of $11.02, with 5.06 million shares of worth about $55.76 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 61.35% during that period and on April 24, 2024 the price saw a loss of about -0.27%. Currently the company’s common shares owned by public are about 272.64M shares, out of which, 239.29M shares are available for trading.
Stock saw a price change of 0.27% in past 5 days and over the past one month there was a price change of -0.81%. Year-to-date (YTD), TCN shares are showing a performance of 21.10% which increased to 38.44% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.53 but also hit the highest price of $11.19 during that period. The average intraday trading volume for Tricon Residential Inc shares is 6.01 million. The stock is currently trading -0.78% below its 20-day simple moving average (SMA20), while that difference is down -0.82% for SMA50 and it goes to 20.48% higher than SMA200.
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Tricon Residential Inc (NYSE: TCN) currently have 272.64M outstanding shares and institutions hold larger chunk of about 74.62% of that.
The stock has a current market capitalization of $3.01B. PE ratio of stock for trailing 12 months is 30.52, while it has posted earnings per share of $0.36 in the same period. It has a debt-to-equity ratio of 1.65. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TCN, volatility over the week remained 0.51% while standing at 1.36% over the month.
Analysts are in expectations that Tricon Residential Inc (TCN) stock would likely to be making an EPS of $0.15 in the current quarter, while forecast for next quarter EPS is $0.15 and it is $0.72 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.15 which is $0.15 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 45.12% while it is estimated to increase by 15.13% in next year.
On August 10, 2023, National Bank Financial Downgrade their recommendations, while on March 22, 2023, Mizuho Initiated their ratings for the stock with a price target of $9. Stock get an Outperform rating from Wolfe Research on March 14, 2023.
