Tri Pointe Homes Inc (NYSE:TPH) price on Friday, June 13, fall -2.82% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $30.37.
A look at the stock’s price movement, the close in the last trading session was $31.25. The PE ratio in trailing twelve months stood at 6.76. Turning to its 52-week performance, $47.78 and $27.90 were the 52-week high and 52-week low respectively. Overall, TPH moved -2.66% over the past month.
Tri Pointe Homes Inc’s market cap currently stands at around $2.75 billion, with investors looking forward to this quarter’s earnings report slated for in July.
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 -0.26% and -0.53% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.91, while 7-day volatility ratio is 2.63% and 1.90% in the 30-day chart. Further, Tri Pointe Homes Inc (TPH) has a beta value of 1.25, and an average true range (ATR) of 0.88. 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 -35.0% off current price level while to achieve the yearly target high, price needs to move -41.59%. Nonetheless, investors will most likely welcome a -38.29% 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 1.07 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 98.67% of the company’s shares. Current price change has pushed the stock -16.24% 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.
