Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Trex Co Inc before investing.

In this article, we go over a few key elements for understanding Trex Co Inc’s stock price such as:

• Trex Co Inc’s current stock price and volume
• Why Trex Co Inc’s stock price changed recently
• Upgrades and downgrades for TREX from analysts
• TREX’s stock price momentum as measured by its relative strength

About Trex Co Inc (TREX)

Before we jump into Trex Co Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Trex Company, Inc. is a manufacturer of wood-alternative decking and residential railing and outdoor living products and accessories, marketed under the brand name Trex. The Company’s segment is Trex Residential Products. Trex Residential Products manufactures outdoor living products, consisting of composite decking and railing products, hidden fasteners, and a broad offering of outdoor living accessories. The Company offers a range of products, such as Trex Outdoor Furniture; Trex Pergola; Trex Lattice; Trex Cornhole; Trex Blade; Trex Outdoor Kitchens, and others. Its principal decking products are Trex Signature, Trex Transcend Lineage, Trex Transcend, Trex Select, and Trex Enhance. Trex Outdoor Kitchens cabinetry is manufactured and sold by Danver Outdoor Kitchens. Its Trex Seclusions composite fencing product is offered through two specialty distributors. This product consists of structural posts, bottom rails, pickets, top rails and decorative post caps.

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Trex Co Inc’s Stock Price as of Market Close

As of May 10, 2024, 4:00 PM, CST, Trex Co Inc’s stock price was $87.38.

Trex Co Inc is down 6.46% from its previous closing price of $93.41.

During the last market session, Trex Co Inc’s stock traded between $90.22 and $93.96. Currently, there are 108.60 million shares of Trex Co Inc stock available for purchase.

Trex Co Inc’s price-earnings (P/E) ratio is currently at 49.5, which is high compared to the Construction Supplies & Fixtures industry median of 20.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Trex Co Inc Stock Price History

Trex Co Inc’s (TREX) price is currently down 1.32% so far this month.

During the month of May, Trex Co Inc’s stock price has reached a high of $94.00 and a low of $84.69.

Over the last year, Trex Co Inc has hit prices as high as $101.91 and as low as $51.03. Year to date, Trex Co Inc’s stock is up 106.43%.

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What Caused Trex Co Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 09, 2024, there was 1 analyst who downgraded Trex Co Inc’s stock and 4 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Trex Co Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Trex Co Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Trex Co Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Trex Co Inc (TREX) by visiting AAII Stock Evaluator.

Relative Price Strength of Trex Co Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 09, 2024, Trex Co Inc has a weighted four-quarter relative price strength of 5.37%, which translates to a Momentum Score of 78 and is considered to be Strong.

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Trex Co Inc Stock Price: Bottom Line

As of May 10, 2024, Trex Co Inc’s stock price is $87.38, which is down 6.46% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Trex Co Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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