The Home Depot Inc. (NYSE: HD)’s stock price has plunge by 1.47relation to previous closing price of 290.66. Nevertheless, the company has seen a 4.47% surge in its stock price over the last five trading sessions. Barrons Online reported on 05/17/23 that Stock Futures Rise on Optimism Over Debt-Ceiling Talks
Is It Worth Investing in The Home Depot Inc. (NYSE: HD) Right Now?
The price-to-earnings ratio for The Home Depot Inc. (NYSE: HD) is 17.96x, which is above its average ratio. Moreover, the 36-month beta value for HD is 0.93. Analysts have varying opinions on the stock, with 17 analysts rating it as a “buy,” 3 as “overweight,” 15 as “hold,” and 1 as “sell.”
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The public float for HD is 1.01B and currently, short sellers hold a 1.40% of that float. On May 24, 2023, HD’s average trading volume was 4.11M shares.
HD’s Market Performance
The stock of The Home Depot Inc. (HD) has seen a 4.47% increase in the past week, with a -2.22% drop in the past month, and a -0.46% fall in the past quarter. The volatility ratio for the week is 2.54%, and the volatility levels for the past 30 days are at 2.25% for HD. The simple moving average for the last 20 days is 1.27% for HD stock, with a simple moving average of -2.09% for the last 200 days.
HD Trading at 1.46% 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 -15.06% of loss for the given period.
Volatility was left at 2.25%, however, over the last 30 days, the volatility rate increased by 2.54%, as shares sank -0.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.94% upper at present.
During the last 5 trading sessions, HD rose by +4.47%, which changed the moving average for the period of 200-days by -4.76% in comparison to the 20-day moving average, which settled at $291.18. In addition, The Home Depot Inc. saw -6.62% 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 Padilla Hector A, who sale 1,502 shares at the price of $293.09 back on May 17. After this action, Padilla Hector A now owns 13,958 shares of The Home Depot Inc., valued at $440,222 using the latest closing price.
KINNAIRD JEFFREY G, the EVP – Merchandising of The Home Depot Inc., sale 6,403 shares at $311.65 during a trade that took place back on Nov 18, which means that KINNAIRD JEFFREY G is holding 25,241 shares at $1,995,495 based on the most recent closing price.
Stock Fundamentals for HD
Current profitability levels for the company are sitting at:
- +15.27 for the present operating margin
- +31.97 for the gross margin
The net margin for The Home Depot Inc. stands at +10.87. The total capital return value is set at 49.82, while invested capital returns managed to touch 38.01.
Based on The Home Depot Inc. (HD), the company’s capital structure generated 3,224.33 points at debt to equity in total, while total debt to capital is 96.99. Total debt to assets is 65.88, with long-term debt to equity ratio resting at 3,085.02. Finally, the long-term debt to capital ratio is 92.80.
When we switch over and look at the enterprise to sales, we see a ratio of 2.20, with the company’s debt to enterprise value settled at 0.14. The receivables turnover for the company is 46.69 and the total asset turnover is 2.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.41.
Conclusion
To wrap up, the performance of The Home Depot Inc. (HD) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
