Looking For A Top Momentum Stock? Why D.R. Horton Inc. (NYSE: DHI) Is A Great Pick

D.R. Horton Inc. (NYSE:DHI) shares, rose in value, on Thursday, July 18, with the stock price up by 11.66% to the previous day’s close as strong demand from buyers drove the stock to $175.87.

Actively observing the price movement in the recent trading, the stock is buoying the session at $157.51. The PE ratio was 11.97 over 12-month period. Referring to stock’s 52-week performance, its high was $165.75, and the low was $100.08. On the whole, DHI has fluctuated by 22.76% over the past month.

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The company’s Forward Dividend Ratio is 1.15, with its dividend yield at 0.65%.

The stock’s technical analysis shows that the PEG ratio is about 2.72, with the price of DHI currently trading nearly 22.95% and 21.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 76.16, while the 7-day volatility ratio is showing 3.68% which for the 30-day chart, stands at 2.57%. Furthermore, D.R. Horton Inc. (DHI)’s beta value is 1.72, and its average true range (ATR) is 5.66.

A comparison of D.R. Horton Inc. (DHI) with its peers suggests the former has fared considerably weaker in the market. DHI showed an intraday change of 11.66% in today’s session so far, and over the past year, it grew by 37.53%%.

Data on historical trading for D.R. Horton Inc. (NYSE:DHI) indicates that the trading volumes over the past 3 months, they’ve averaged 2.46 million. According to company’s latest data on outstanding shares, there are 334.85 million shares outstanding.

Nearly 12.06% of D.R. Horton Inc.’s shares belong to company insiders and institutional investors own 84.29% of the company’s shares. The stock has risen by 15.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DHI stock heading into the next quarter.

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