Howard Hughes Holdings Inc (NYSE:HHH) price on Friday, February 28, rose 2.30% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $79.20.
A look at the stock’s price movement, the close in the last trading session was $77.42. The PE ratio in trailing twelve months stood at 20.03. Turning to its 52-week performance, $87.77 and $56.22 were the 52-week high and 52-week low respectively. Overall, HHH moved 4.22% over the past month.
Howard Hughes Holdings Inc’s market cap currently stands at around $3.99 billion, with investors looking forward to this quarter’s earnings report slated for in April.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.31B, representing a -25.34% decline 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 HHH is a Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
3 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, 3 recommend HHH 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.
HHH’s current price about 4.54% and 3.99% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.34, while 7-day volatility ratio is 3.16% and 2.37% in the 30-day chart. Further, Howard Hughes Holdings Inc (HHH) has a beta value of 1.48, and an average true range (ATR) of 2.25. Analysts have given the company’s stock an average 52-week price target of $87.5, forecast between a low of $80 and high of $95. Looking at the price targets, the low is -1.01% off current price level while to achieve the yearly target high, price needs to move -19.95%. Nonetheless, investors will most likely welcome a -10.48% jump to $87.5 which is the analysts’ median price.
If we refocus on Howard Hughes Holdings Inc (NYSE:HHH), historical trading data shows that trading volumes averaged 412.01K over the past 3 months. The company’s latest data on shares outstanding shows there are 50.12 million shares.
The 1.42% of Howard Hughes Holdings Inc’s shares are in the hands of company insiders while institutional holders own 94.42% of the company’s shares. Current price change has pushed the stock 2.96% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HHH stock continues to rise going into the next quarter.
