Beacon Roofing Supply, Inc. (NASDAQ:BECN) PEG Ratio At 1.320


Market experts’ mean price target is at $51.100 for Beacon Roofing Supply, Inc. (NASDAQ:BECN) stock. First Call has set EPS estimate of $0.500 for next quarter and $2.130 for this year.

Technical View

The technical appraisal of Beacon Roofing Supply, Inc. identifies that the 50-day MA of Beacon Roofing Supply, Inc. (NASDAQ:BECN) stock is $43.532, and is trading $-1.738 points away or -3.992% from 50-day moving average of $43.532. It is trading $-2.305 or -5.227% off 200-day MA of $44.099. MA should be denoted as moving average.

The 52-week high of Beacon Roofing Supply, Inc. (NASDAQ:BECN) was $48.960 while $32.240 is the low in the same period. Beacon Roofing Supply, Inc. share price need to increase over $-7.166 to register 52-week high or nosedive +29.634% for hitting 52-week low.

Technical study is a trading tool used to assess securities and attempt to estimate their future movement by analysing statistics collected from trading activity, like volume and price movement. Unlike fundamental experts who attempt to assess a security’s intrinsic value, technical experts focus on price movement recorded on charts and numerous analytical tools to assess a security’s weakness or strength and estimate future price changes.

Technical analysts believe past trading activity and price changes of a security are better indicators of the security’s likely future price movements than the intrinsic value of the security. Technical analysis was shaped out of basic concepts garnered from Dow Theory, a philosophy about trading market activities that originated from the initial literatures of Charles Dow. Two simple assumptions of popular Dow Theory that trigger all of technical study are market discounts every element that may impact a security’s price and secondly market price movements are in identifiable trends and patterns that repeat over time.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) P/E ratio is 32.883 while PEG ratio is at 1.320. Beacon Roofing Supply, Inc. stock recorded a close of $41.794 in last trading session, which gets it market cap to $2.50B.

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