Beacon Roofing Supply Inc (NASDAQ:BECN) price on Friday, July 12, rose 2.51% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $97.09.
A look at the stock’s price movement, the close in the last trading session was $94.71. Turning to its 52-week performance, $103.75 and $68.50 were the 52-week high and 52-week low respectively. Overall, BECN moved 0.06% over the past month.
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Beacon Roofing Supply Inc’s market cap currently stands at around $6.17 billion.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BECN is a Hold. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
BECN’s current price about 4.86% and 2.52% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.93, while 7-day volatility ratio is 2.50% and 2.74% in the 30-day chart. Further, Beacon Roofing Supply Inc (BECN) has a beta value of 1.58, and an average true range (ATR) of 2.71.
If we refocus on Beacon Roofing Supply Inc (NASDAQ:BECN), historical trading data shows that trading volumes averaged 659.58K over the past 3 months. The company’s latest data on shares outstanding shows there are 63.30 million shares.
The 0.74% of Beacon Roofing Supply Inc’s shares are in the hands of company insiders while institutional holders own 96.56% of the company’s shares. Current price change has pushed the stock 11.57% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BECN stock continues to rise going into the next quarter.
