Top 3 Industrials Stocks You May Want To Dump This Month
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Overbought Stocks in Industrials Sector: As of December 12, 2024, three stocks—Alaska Air Group (ALK), APi Group Corp (APG), and Tecnoglass Inc (TGLS)—are identified as overbought based on their RSI values, indicating potential caution for momentum-focused investors.
Recent Performance Highlights: Alaska Air's shares rose 4.6%, APi Group's increased by 0.2%, and Tecnoglass saw a 4.8% gain, with each company achieving significant price increases and high RSI values, reflecting strong recent performance.
Analyst Views on TGLS
Wall Street analysts forecast TGLS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TGLS is 74.00 USD with a low forecast of 70.00 USD and a high forecast of 80.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 53.820
Low
70.00
Averages
74.00
High
80.00
Current: 53.820
Low
70.00
Averages
74.00
High
80.00
About TGLS
Tecnoglass Inc. (Tecnoglass) is a holding company. The Company is a manufacturer of architectural glass and windows for the western hemisphere residential and commercial construction industries. It manufactures a range of glass products installed primarily in commercial and residential buildings, including tempered safety, double thermo-acoustic and laminated glass. Its products are installed in hotels, residential buildings, commercial and corporate centers, universities, airports and hospitals in a range of applications, such as floating facades, windows, doors, handrails, interior and bathroom spatial dividers. Tecnoglass also produces aluminum products, such as profiles, rods, bars, plates and other hardware used in the manufacture of windows. It designs, manufactures, markets and installs architectural systems for high, medium and low rise construction, glass and aluminum windows and doors, office dividers and interiors, floating facades and commercial display windows.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
