Landsea Homes Corporation (NASDAQ:LSEA) price on Friday, February 28, rose 8.37% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.12.
A look at the stock’s price movement, the close in the last trading session was $6.57. The PE ratio in trailing twelve months stood at 15.08. Turning to its 52-week performance, $14.91 and $6.54 were the 52-week high and 52-week low respectively. Overall, LSEA moved -14.93% over the past month.
Landsea Homes Corporation’s market cap currently stands at around $258.34 million, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 225.88M for the company’s revenue for the quarter, with a low and high estimate of 189.27M and 262.5M respectively. The average forecast suggests down to a -22.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.59B, representing a 7.02% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LSEA is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend LSEA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LSEA’s current price about -11.58% and -14.16% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.33, while 7-day volatility ratio is 8.05% and 4.87% in the 30-day chart. Further, Landsea Homes Corporation (LSEA) has a beta value of 1.31, and an average true range (ATR) of 0.48. Analysts have given the company’s stock an average 52-week price target of $15, forecast between a low of $15 and high of $15. Looking at the price targets, the low is -110.67% off current price level while to achieve the yearly target high, price needs to move -110.67%. Nonetheless, investors will most likely welcome a -110.67% jump to $15 which is the analysts’ median price.
If we refocus on Landsea Homes Corporation (NASDAQ:LSEA), historical trading data shows that trading volumes averaged 363.15K over the past 3 months. The company’s latest data on shares outstanding shows there are 36.52 million shares.
The 43.55% of Landsea Homes Corporation’s shares are in the hands of company insiders while institutional holders own 63.35% of the company’s shares. Current price change has pushed the stock -16.14% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LSEA stock continues to rise going into the next quarter.
