With 82539.0 shares changed hands, the volume of the stock remained heavier than its average volume of 71710.0 shares. During the session, the Residential Construction company that operates in wider Consumer Cyclical sector, reached to the highest price of $198.67 whereas the lowest price it dropped to was $190.505. The 52-week range on HOV shows that it touched its highest point at $240.34 and its lowest point at $86.61 during that stretch. It currently has a 1-year price target of $11.00. Beta for the stock currently stands at 2.62.
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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 HOV was up-trending over the past week, with a rise of 10.80%, but this was up by 8.63% over a month. Three-month performance dropped to -12.61% while six-month performance rose 33.54%. The stock gained 119.19% in the past year, while it has gained 22.43% so far this year.
Float and Shares Shorts:
At present, 5.35 million HOV shares are outstanding with a float of 4.40 million shares on hand for trading. On 2024-11-15, short shares totaled 0.22 million, which was 356.0 higher than short shares on 1728950400. In addition to Mr. Ara K. Hovnanian as the firm’s CEO & Chairman of the Board, Mr. Michael P. Wyatt serves as its Group President.
Institutional Ownership:
Through their ownership of 0.68902 of HOV’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-07-31, HOV reported revenue of $722704000.0 and operating income of $48126000.0. The EBITDA in the recently reported quarter was $105598000.0 and diluted EPS was $9.75.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HOV since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
Analysts have provided yearly estimates in a range of -$4.205 being high and -$4.495 being low. For HOV, this leads to a yearly average estimate of -$4.35. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
