Tri Pointe Homes Inc (NYSE:TPH) price on Friday, May 23, rose 0.13% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $29.85.
A look at the stock’s price movement, the close in the last trading session was $29.81. The PE ratio in trailing twelve months stood at 6.65. Turning to its 52-week performance, $47.78 and $27.90 were the 52-week high and 52-week low respectively. Overall, TPH moved -3.27% over the past month.
Tri Pointe Homes Inc’s market cap currently stands at around $2.71 billion, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 810.77M for the company’s revenue for the quarter, with a low and high estimate of 790.9M and 829.9M respectively. The average forecast suggests down to a -28.75% 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 3.48B, representing a -21.28% 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 TPH is a 50% 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.
5 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 2 analyst(s) rate the stock as a Hold, 3 recommend TPH 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.
TPH’s current price about -4.03% and -3.72% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.72, while 7-day volatility ratio is 1.59% and 1.79% in the 30-day chart. Further, Tri Pointe Homes Inc (TPH) has a beta value of 1.27, and an average true range (ATR) of 0.93. Analysts have given the company’s stock an average 52-week price target of $42, forecast between a low of $41 and high of $43. Looking at the price targets, the low is -37.35% off current price level while to achieve the yearly target high, price needs to move -44.05%. Nonetheless, investors will most likely welcome a -40.7% jump to $42 which is the analysts’ median price.
If we refocus on Tri Pointe Homes Inc (NYSE:TPH), historical trading data shows that trading volumes averaged 1.16 million over the past 3 months. The company’s latest data on shares outstanding shows there are 90.67 million shares.
The 3.25% of Tri Pointe Homes Inc’s shares are in the hands of company insiders while institutional holders own 98.68% of the company’s shares. Current price change has pushed the stock -17.68% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TPH stock continues to rise going into the next quarter.
