Harbor Custom Development Inc (NASDAQ: HCDI) stock jumped 10.06% on Friday to $0.94 against a previous-day closing price of $0.86. With 1.12 million shares changed hands, the volume of the stock remained heavier than its average volume of 56150.0 shares. During the session, the Real Estate – Development company that operates in wider Real Estate sector, reached to the highest price of $1.1200 whereas the lowest price it dropped to was $0.8538. The 52-week range on HCDI shows that it touched its highest point at $15.85 and its lowest point at $0.69 during that stretch. It currently has a 1-year price target of $160.00. Beta for the stock currently stands at 0.52.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HCDI was up-trending over the past week, with a rise of 19.11%, but this was down by -15.98% over a month. Three-month performance dropped to -36.42% while six-month performance fell -76.42%. The stock lost -93.02% in the past year, while it has lost -87.31% so far this year. A look at the trailing 12-month EPS for HCDI yields -38.16 with Next year EPS estimates of -0.02. For the next quarter, that number is 0.49. This implies an EPS growth rate of 68.55% for this year and 99.82% for next year.
Float and Shares Shorts:
At present, 2.33 million HCDI shares are outstanding with a float of 2.17 million shares on hand for trading. On Oct 30, 2023, short shares totaled 37510.0, which was 1.61% higher than short shares on Sep 28, 2023. In addition to Mr. Jeffrey B. Habersetzer as the firm’s Interim CEO & Interim President, Mr. Sterling Griffin serves as its Non-Executive Strategic Advisor.
Through their ownership of 1.82% of HCDI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.42% of HCDI, in contrast to 6.09% held by mutual funds. Shares owned by individuals account for 1.03%. As the largest shareholder in HCDI with 7.06% of the stake, Sabby Management LLC holds 164,516 shares worth 164,516. A second-largest stockholder of HCDI, The Vanguard Group, Inc., holds 12,480 shares, controlling over 0.54% of the firm’s shares. Timber Point Capital Management L is the third largest shareholder in HCDI, holding 7,500 shares or 0.32% stake. With a 0.54% stake in HCDI, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 12,480 shares are owned by the mutual fund manager. The Timber Point Global Tactical Allo, which owns about 0.32% of HCDI stock, is the second-largest Mutual Fund holder. It holds 7,500 shares valued at 7118.0. Fidelity Extended Market Index Fu holds 0.14% of the stake in HCDI, owning 3,216 shares worth 3052.0.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HCDI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With HCDI analysts setting a high price target of $6.00 and a low target of $6.00, the average target price over the next 12 months is $6.00. Based on these targets, HCDI could surge 538.3% to reach the target high and rise by 538.3% to reach the target low. Reaching the average price target will result in a growth of 538.3% from current levels.
Summary of Insider Activity:
Insiders traded HCDI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 4 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 3,250 while 3,283 shares were sold.