The Home Depot Inc. (NYSE:HD) went down by -3.12% from its latest closing price compared to the recent 1-year high of $292.95. The company’s stock price has collected -2.96% of loss in the last five trading sessions. MarketWatch.com reported 6 hours ago that Home Depot Inc. stock falls Tuesday, underperforms market
Is It Worth Investing in The Home Depot Inc. (NYSE :HD) Right Now?
The Home Depot Inc. (NYSE:HD) scored a price-to-earnings ratio above its average ratio, recording 23.10 x from its present earnings ratio. Plus, the 36-month beta value for HD is at 1.02. Opinions of the stock are interesting as 19 analysts out of 33 who provided ratings for The Home Depot Inc. declared the stock was a “buy,” while 4 rated the stock as “overweight,” 9 rated it as “hold,” and 0 as “sell.”
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The average price from analysts is $308.07, which is $39.75 above the current price. HD currently public float of 1.08B and currently shorts hold a 0.78% ratio of that float. Today, the average trading volume of HD was 3.82M shares.
HD’s Market Performance
HD stocks went down by -2.96% for the week, with a monthly drop of -5.90% and a quarterly performance of -1.36%, while its annual performance rate touched 11.49%. The volatility ratio for the week stands at 2.42% while the volatility levels for the past 30 days are set at 1.90% for The Home Depot Inc.. The simple moving average for the period of the last 20 days is -3.69% for HD stocks with a simple moving average of -0.25% for the last 200 days.
Analysts’ Opinion of HD
Many brokerage firms have already submitted their reports for HD stocks, with Guggenheim repeating the rating for HD by listing it as a “Buy.” The predicted price for HD in the upcoming period, according to Guggenheim is $310 based on the research report published on January 13th of the current year 2021.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see HD reach a price target of $315, previously predicting the price at $300. The rating they have provided for HD stocks is “Outperform” according to the report published on November 16th, 2020.
Gordon Haskett gave a rating of “Buy” to HD, setting the target price at $315 in the report published on November 12th of the previous year.
HD Trading at -2.10% from the 50-Day Moving Average
After a stumble in the market that brought HD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.78% of loss for the given period.
Volatility was left at 1.90%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares sank -6.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.63% upper at present.
During the last 5 trading sessions, HD fell by -2.96%, which changed the moving average for the period of 200-days by +16.47% in comparison to the 20-day moving average, which settled at $276.59. In addition, The Home Depot Inc. saw 0.61% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at HD starting from Campbell Ann Marie, who sale 120 shares at the price of $269.03 back on Nov 20. After this action, Campbell Ann Marie now owns 5,065 shares of The Home Depot Inc., valued at $32,284 using the latest closing price.
Decker Edward P., the President & COO of The Home Depot Inc., sale 25,595 shares at $269.40 during a trade that took place back on Nov 19, which means that Decker Edward P. is holding 71,757 shares at $6,895,293 based on the most recent closing price.
Stock Fundamentals for HD
Current profitability levels for the company are sitting at:
- +14.37 for the present operating margin
- +32.28 for the gross margin
The net margin for The Home Depot Inc. stands at +10.20. The total capital return value is set at 51.45, while invested capital returns managed to touch 40.48. Equity return is now at value -910.80, with 20.80 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 2.59, with the company’s debt to enterprise value settled at 0.13. The receivables turnover for the company is 54.54 and the total asset turnover is 2.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.