The Home Depot Inc. (NYSE:HD) went down by -1.56% from its latest closing price compared to the recent 1-year high of $420.61. The company’s stock price has collected -5.18% of loss in the last five trading sessions. Press Release reported 15 hours ago that Whole Earth Brands, Inc. Appoints New Chief Financial Officer
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 25.91 x from its present earnings ratio. Plus, the 36-month beta value for HD is at 0.99. 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 3 rated the stock as “overweight,” 10 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $422.43, which is $28.3 above the current price. HD currently public float of 1.04B and currently shorts hold a 1.14% ratio of that float. Today, the average trading volume of HD was 3.54M shares.
HD’s Market Performance
HD stocks went down by -5.18% for the week, with a monthly drop of -5.81% and a quarterly performance of 14.98%, while its annual performance rate touched 42.85%. The volatility ratio for the week stands at 1.85% while the volatility levels for the past 30 days are set at 1.99% for The Home Depot Inc.. The simple moving average for the period of the last 20 days is -3.91% for HD stocks with a simple moving average of 12.86% for the last 200 days.
Analysts’ Opinion of HD
Many brokerage firms have already submitted their reports for HD stocks, with Oppenheimer repeating the rating for HD by listing it as a “Outperform.” The predicted price for HD in the upcoming period, according to Oppenheimer is $470 based on the research report published on December 06th of the previous year 2021.
Credit Suisse, on the other hand, stated in their research note that they expect to see HD reach a price target of $450, previously predicting the price at $357. The rating they have provided for HD stocks is “Outperform” according to the report published on November 19th, 2021.
Wedbush gave a rating of “Neutral” to HD, setting the target price at $410 in the report published on November 17th of the previous year.
HD Trading at -2.07% 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 -7.88% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 1.85%, as shares sank -6.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.28% upper at present.
During the last 5 trading sessions, HD fell by -5.18%, which changed the moving average for the period of 200-days by +27.53% in comparison to the 20-day moving average, which settled at $401.85. In addition, The Home Depot Inc. saw -6.64% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at HD starting from KINNAIRD JEFFREY G, who sale 7,000 shares at the price of $408.83 back on Nov 19. After this action, KINNAIRD JEFFREY G now owns 22,122 shares of The Home Depot Inc., valued at $2,861,810 using the latest closing price.
Padilla Hector A, the EVP – Outside Sales & Service of The Home Depot Inc., sale 4,874 shares at $394.24 during a trade that took place back on Nov 17, which means that Padilla Hector A is holding 7,733 shares at $1,921,526 based on the most recent closing price.
Stock Fundamentals for HD
Equity return is now at value 782.10, with 22.20 for asset returns.