Lennar Corp (NYSE:LEN) 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 $136.13.
Actively observing the price movement in the last trading, the stock closed the session at $133.14, falling within a range of $132.95 and $136.53. The value of beta (5-year monthly) was 1.619 whereas the PE ratio was 9.49 over 12-month period. Referring to stock’s 52-week performance, its high was $193.80, and the low was $128.41. On the whole, LEN has fluctuated by -6.72% over the past month.
With the market capitalization of Lennar Corp currently standing at about $36.69 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 2.00, with its dividend yield at 1.47%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 37.19B, with a low estimate of 7.07B and a high estimate of 7.59B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.45B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LEN’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 1.58, with the price of LEN currently trading nearly 0.06% and -11.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.25, while the 7-day volatility ratio is showing 3.52% which for the 30-day chart, stands at 2.70%. Furthermore, Lennar Corp (LEN)’s beta value is 1.67, and its average true range (ATR) is 4.34.
A comparison of Lennar Corp (LEN) with its peers suggests the former has fared considerably weaker in the market. LEN showed an intraday change of 2.25% in last session, and over the past year, it shrunk by -10.33%%.
Data on historical trading for Lennar Corp (NYSE:LEN) indicates that the trading volumes over the past 10 days have averaged 4.15 and over the past 3 months, they’ve averaged 2.64 million. According to company’s latest data on outstanding shares, there are 271.25 million shares outstanding.
Nearly 14.16% of Lennar Corp’s shares belong to company insiders and institutional investors own 82.44% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.83 million shares as on 2024-11-29, resulting in a short ratio of 3.02. According to the data, the short interest in Lennar Corp (LEN) stood at 281.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 6.27 million. The stock has fallen by -0.18% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LEN stock heading into the next quarter.
