In the past week, HD stock has gone up by 0.37%, with a monthly decline of -10.39% and a quarterly plunge of -13.81%. The volatility ratio for the week is 2.60%, and the volatility levels for the last 30 days are 2.24% for The Home Depot Inc. The simple moving average for the last 20 days is -2.64% for HD stock, with a simple moving average of -4.58% for the last 200 days.
Is It Worth Investing in The Home Depot Inc. (NYSE: HD) Right Now?
The Home Depot Inc. (NYSE: HD) has a price-to-earnings ratio that is above its average at 17.19x. and a 36-month beta value of 0.94.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
The public float for HD is 1.02B, and at present, short sellers hold a 1.19% of that float. On March 17, 2023, the average trading volume of HD was 3.52M shares.
HD) stock’s latest price update
The Home Depot Inc. (NYSE: HD)’s stock price has increased by 0.23 compared to its previous closing price of 286.73. Despite this, the company has seen a gain of 0.37% in its stock price over the last five trading days. The Wall Street Journal reported on 02/21/23 that Walmart, Home Depot Earnings Dented by More Spending on Basics
Analysts’ Opinion of HD
In the past week, HD stock has gone up by 0.37%, with a monthly decline of -10.39% and a quarterly plunge of -13.81%. The volatility ratio for the week is 2.60%, and the volatility levels for the last 30 days are 2.24% for The Home Depot Inc. The simple moving average for the last 20 days is -2.64% for HD stock, with a simple moving average of -4.58% for the last 200 days.
Analysts’ Opinion of HD
Many brokerage firms have already submitted their reports for HD stocks, with UBS repeating the rating for HD by listing it as a “Buy.” The predicted price for HD in the upcoming period, according to UBS is $340 based on the research report published on February 22nd of the current year 2023.
Robert W. Baird, on the other hand, stated in their research note that they expect to see HD reach a price target of $340, previously predicting the price at $360. The rating they have provided for HD stocks is “Outperform” according to the report published on February 22nd, 2023.
Morgan Stanley gave a rating of “Overweight” to HD, setting the target price at $340 in the report published on February 22nd of the current year.
HD Trading at -7.60% 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 -17.24% of loss for the given period.
Volatility was left at 2.24%, however, over the last 30 days, the volatility rate increased by 2.60%, as shares sank -10.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.07% lower at present.
During the last 5 trading sessions, HD rose by +0.42%, which changed the moving average for the period of 200-days by -5.03% in comparison to the 20-day moving average, which settled at $293.48. In addition, The Home Depot Inc. saw -9.02% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HD starting from KINNAIRD JEFFREY G, who sale 6,403 shares at the price of $311.65 back on Nov 18. After this action, KINNAIRD JEFFREY G now owns 25,241 shares of The Home Depot Inc., valued at $1,995,495 using the latest closing price.
Siddiqui Fahim, the EVP and CIO of The Home Depot Inc., sale 2,000 shares at $311.29 during a trade that took place back on Nov 17, which means that Siddiqui Fahim is holding 3,928 shares at $622,580 based on the most recent closing price.
Conclusion
To sum up, The Home Depot Inc. (HD) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
