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 Wednesday, January 22, with the stock price up by 2.25% to the previous day’s close as strong demand from buyers drove the stock to $146.93.

Actively observing the price movement in the last trading, the stock closed the session at $143.70, falling within a range of $143.525 and $147.19. The value of beta (5-year monthly) was 1.744 whereas the PE ratio was 10.38 over 12-month period. Referring to stock’s 52-week performance, its high was $199.85, and the low was $133.02. On the whole, DHI has fluctuated by 3.64% over the past month.

With the market capitalization of D.R. Horton Inc currently standing at about $47.14 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.30, with its dividend yield at 0.88%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 36.74B, with a low estimate of 7.97B and a high estimate of 9.27B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 8.24B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DHI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0.55, with the price of DHI currently trading nearly 4.03% and -3.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.95, while the 7-day volatility ratio is showing 3.46% which for the 30-day chart, stands at 2.51%. Furthermore, D.R. Horton Inc (DHI)’s beta value is 1.76, and its average true range (ATR) is 4.26.

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 2.25% in last session, and over the past year, it shrunk by -5.39%%.

Data on historical trading for D.R. Horton Inc (NYSE:DHI) indicates that the trading volumes over the past 10 days have averaged 3.8 and over the past 3 months, they’ve averaged 3.11 million. According to company’s latest data on outstanding shares, there are 317.65 million shares outstanding.

Nearly 12.01% of D.R. Horton Inc’s shares belong to company insiders and institutional investors own 82.96% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.53 million shares as on 2024-12-31, resulting in a short ratio of 2.18. According to the data, the short interest in D.R. Horton Inc (DHI) stood at 261.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 7.62 million. The stock has risen by 5.09% 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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