The trading price of Hovnanian Enterprises, Inc (NYSE:HOV) closed higher on Friday, May 23, and closing at $90.91, 3.44% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 3.22. In examining the 52-week price action we see that the stock hit a 52-week high of $240.34 and a 52-week low of $81.15. Over the past month, the stock has lost -7.91% in value.
Hovnanian Enterprises, Inc, whose market valuation is $603.59 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest HOV has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned HOV a recommendation rating is 1. Out of them, 1 rate it a Hold, while 0 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Hovnanian Enterprises, Inc (HOV) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that HOV’s price is currently -9.73% off the SMA20 and -9.92% off the SMA50. The RSI metric on the 14-day chart is currently showing 40.82, and weekly volatility stands at 7.22%. When measured over the past 30 days, the indicator reaches 4.62%. Hovnanian Enterprises, Inc (NYSE:HOV)’s beta value is currently sitting at 2.17, while the Average True Range indicator is currently displaying 6.44.
To see how Hovnanian Enterprises, Inc stock has been performing in comparison to its peers in the industry, here are the numbers: HOV stock’s performance was 3.44% in the latest trading, and -46.24% in the past year. Hovnanian Enterprises, Inc has a P/E ratio of 3.22.
An evaluation of the daily trading volume of Hovnanian Enterprises, Inc (NYSE:HOV) indicates that the 3-month average is 82.33K.
Currently, records show that 5.07 million of the company’s shares remain outstanding. The insiders hold 26.41% of outstanding shares, whereas institutions hold 55.25%. However, since the stock’s price has seen -32.07% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
