Tricon Residential Inc [NYSE: TCN] traded at a low on Friday, posting a -1.16 loss after which it closed the day’ session at $11.04.
The results of the trading session contributed to over 47430590 shares changing hands. Over the past one week, the price volatility of Tricon Residential Inc stands at 3.86% while the volatility over the past one month is 1.19%.
The market cap for TCN stock reached $3.02 billion, with 272.64 million shares outstanding and 239.29 million shares in the current float. Compared to the average trading volume of 7.20M shares, TCN reached a trading volume of 47430590 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Tricon Residential Inc [TCN]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TCN shares is $11.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TCN stock is a recommendation set at 3.22. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for Tricon Residential Inc shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on February 01, 2024. The new note on the price target was released on January 22, 2024, representing the official price target for Tricon Residential Inc stock.
The Average True Range (ATR) for Tricon Residential Inc is set at 0.16, with the Price to Sales ratio for TCN stock in the period of the last 12 months amounting to 3.52. The Price to Book ratio for the last quarter was 0.78, with the Price to Cash per share for the same quarter was set at 0.81. Price to Free Cash Flow for TCN in the course of the last twelve months was 33.27.
How has TCN stock performed recently?
Tricon Residential Inc [TCN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.08. With this latest performance, TCN shares dropped by -0.72% in over the last four-week period, additionally plugging by 50.20% over the last 6 months – not to mention a rise of 38.17% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TCN stock in for the last two-week period is set at 39.92, with the RSI for the last a single of trading hit 26.06, and the three-weeks RSI is set at 52.65 for Tricon Residential Inc [TCN]. The present Moving Average for the last 50 days of trading for this stock 11.11, while it was recorded at 11.15 for the last single week of trading, and 9.07 for the last 200 days.
Insider trade positions for Tricon Residential Inc [TCN]
The top three institutional holders of TCN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in TCN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in TCN stock with ownership which is approximately 5.8386%.
