Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...

EschCollection/DigitalVision via Getty Images Investment Thesis Tecnoglass (NYSE:TGLS) is a regional market leader in the Southeast of the US (particularly in Florida) with two key differentiators: (i) a cost advantage enabled by its near-shored production base in Colombia, and evidenced by its best-in-class margins, and (ii) a vertically integrated production model, from aluminium extrusion and glass transformation, all the way to product design, distribution and installation. As a market leader in a cycli ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock ali ...

Miami, FL, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NYSE: TGLS) ("Tecnoglass" or the "Company"), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, today announced that its Board of Directors has declared a quarterly dividend of $0.11 per share, or $0.44 per share on an annualized basis, for the third quarter of 2024. Shareholders of record as of the close of business on September 30, 2024 will be paid a divide ...

Core Viewpoint - The article emphasizes the importance of identifying and sustaining trends in short-term investing, highlighting that sound fundamentals and positive earnings estimates are crucial for maintaining momentum in stock prices [1]. Group 1: Stock Performance - Tecnoglass (TGLS) has shown a solid price increase of 32.5% over the past 12 weeks, indicating strong investor interest [3]. - The stock has also increased by 19.6% over the last four weeks, suggesting that the upward trend is still intact [4]. - TGLS is currently trading at 97.4% of its 52-week high-low range, indicating a potential breakout [4]. Group 2: Fundamental Strength - TGLS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [5]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [6]. Group 3: Investment Strategy - The article suggests that investors can utilize the "Recent Price Strength" screen to identify stocks like TGLS that are on an upward trend supported by strong fundamentals [2][7]. - It also mentions that there are over 45 Zacks Premium Screens available for investors to find winning stock picks based on their personal investing styles [7].

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Financial Performance - Revenues reached $219.7 million, marking the second-highest quarterly total[5] - Adjusted EBITDA was $64.1 million, representing 29.2% of revenues[6, 12] - Operating cash flow amounted to $34.5 million[8, 12] - Adjusted net income was $40.5 million, resulting in adjusted EPS of $0.86[12] Growth and Backlog - Single-family residential activity grew by 10% year-over-year to a record $95.7 million[12] - Single-family residential orders increased by over 60% year-over-year[12, 20] - Backlog grew by 29% year-over-year to a record $1.02 billion, with a book-to-build ratio above 1.5x[10, 12] Financial Position - Debt was reduced to $142 million, bringing leverage to an all-time low of 0.06x net debt/LTM Adjusted EBITDA[12] - The company has liquidity of approximately $300 million, including $127 million in cash[25] Outlook - The company anticipates full-year 2024 revenues between $860 million and $910 million[29] - The company anticipates full-year 2024 Adjusted EBITDA between $260 million and $285 million[29]

Tecnoglass (TGLS) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $1.12 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 6.17%. A quarter ago, it was expected that this architectural glass maker would post earnings of $0.67 per share when it actually produced earnings of $0.66, delivering a surprise of -1.49%. Over the last four quarters, ...

Miami, FL, July 31, 2024 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NYSE: TGLS) ("Tecnoglass" or the "Company"), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, is proud to announce that its ES Pivot Door has received multiple prestigious awards that highlight excellence in design and functionality. The ES Pivot Door has been recognized with two significant honors: José Manuel Daes, CEO of Tecnoglass, commented, "We are thri ...