Truist Financial Issues Pessimistic Forecast for REX American Resources Stock Price
REX Stock | USD 43.02 0.90 2.14% |
Slightly above 56% of all REX American's investors are looking to take a long position. The current sentiment regarding investing in REX American Resources stock implies that some traders are interested. REX American's investing sentiment can be driven by a variety of factors including economic data, REX American's earnings reports, geopolitical events, and overall market trends.
REX |
REX American Resources had its price target dropped by stock analysts at Truist Financial from 60.00 to 55.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a buy rating on the energy companys stock. Truist Financials target price would suggest a potential upside of 32.63 percent
Read at thelincolnianonline.com
REX American Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards REX American can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
REX American Fundamental Analysis
We analyze REX American's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of REX American using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of REX American based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
REX American is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
REX American Resources Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with REX American stock to make a market-neutral strategy. Peer analysis of REX American could also be used in its relative valuation, which is a method of valuing REX American by comparing valuation metrics with similar companies.
Peers
REX American Related Equities
PRM | Perimeter Solutions | 4.85 | ||||
SXT | Sensient Technologies | 3.72 | ||||
KRO | Kronos Worldwide | 3.72 | ||||
ODC | Oil Dri | 1.82 | ||||
IOSP | Innospec | 1.45 | ||||
ECVT | Ecovyst | 1.33 | ||||
OEC | Orion Engineered | 1.14 | ||||
KWR | Quaker Chemical | 0.87 | ||||
FUL | H B | 0.64 | ||||
MTX | Minerals Technologies | 0.01 | ||||
NTIC | Northern Technologies | 0.99 | ||||
HWKN | Hawkins | 1.22 | ||||
NEU | NewMarket | 1.55 |
Additional Tools for REX Stock Analysis
When running REX American's price analysis, check to measure REX American's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy REX American is operating at the current time. Most of REX American's value examination focuses on studying past and present price action to predict the probability of REX American's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move REX American's price. Additionally, you may evaluate how the addition of REX American to your portfolios can decrease your overall portfolio volatility.