The stock of TopBuild Corp. (NYSE:BLD) is now priced at $113.12 and the shares are -4.11 points down or -3.51% lower compared to its previous closing price of $117.23. The stock had 236067 contracts set over the past session. BLD shares’ daily volume is compared to its average trading volume at 0.509 million shares. However, it has a float of 32.89 million and although its performance was -4.15% over the week, it’s one to watch. Analysts have given the BLD stock a yearly average price target of $129.78 per share. It means the stock’s upside potential is 14.73% with the BLD share price recently placing at $112.92 to $121. However, some brokerage firms have priced the stock below the average, including one that has called $100.
The shorts are running away from the TopBuild Corp. stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the BLD shares have declined. Short interest in the stock represents just 3.19% of its float, but the volume has dropped by 0. The volume of shorted shares dropped to from shares over the last two weeks. The average intraday trading volume has been shares, which means that days to cover moved to roughly.
In the last trading session, TopBuild Corp. (NYSE:BLD) dropped by -$4.9 over the week and lost -$1.63 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $134.75. The stock recorded its established 52-week high on 06/08/20.
Since 03/18/20, the stock has traded to a low of $54.83 at 106.31%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.35. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, TopBuild Corp.’s two-week RSI is 49.72. This suggests that the stock is neutral at the moment and that BLD shares’ price movement remains stable. The stochastic readings are equally revealing at 46.85% meaning the BLD share price is currently in neutral territory.
The technical chart shows that the BLD stock will likely settle at between $118.44 and $123.76 per share. However, if the stock dips below $110.36, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $107.6.
Currently, the stock is trading in the green of MACD, with a reading of 0.61. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Maxim Group assigned BLD a rating of Outperform in their intiating review released on May 28. SunTrust analysts upgraded their recommendation of the stock from Hold to Buy while keeping its target price at $115 to $122 in a flash note released to investors on March 04. The Benchmark Company analysts see the stock as Buy when the analysts initiated the share price coverage on February 05, placing it at $134.
The average rating for the BLD equity is 2.22 and is currently gathering a bullish momentum. Of 10 analysts tracking TopBuild Corp. polled by Reuters, 3 rated BLD as a hold. The remaining 7 analysts were split evenly. However, the split wasn’t equal as a majority (7) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the BLD stock price is 19.92X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 19.6 above the group’s average of 11.2. TopBuild Corp. has its P/E ratio at 3.3, which means that the stock is currently trading at a premium relative to the 1.5 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for TopBuild Corp. (NYSE:BLD) will decrease by about -99.91%, which will see them reach $587.44 million. The company’s full-year revenues are, however, expected to diminish by about -6.49%, down from $2620 million to $2450 million. BLD’s expected adjusted earnings should drop almost -31.47% to end up at $0.98 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -15.48% to record $4.64/share.