Moreover, the 36-month beta value for HCDI is 0.52. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The average price recommended by analysts for Harbor Custom Development Inc (HCDI) is $6.00, which is $159.06 above the current market price. The public float for HCDI is 2.17M and currently, short sellers hold a 1.73% of that float. On November 17, 2023, HCDI’s average trading volume was 56.15K shares.
HCDI) stock’s latest price update
The stock of Harbor Custom Development Inc (NASDAQ: HCDI) has increased by 10.53 when compared to last closing price of 0.86. Despite this, the company has experienced a 19.62% gain in its stock price over the last five trading sessions. Proactive Investors reported 2023-08-16 that Harbor Custom Development Inc. (NASDAQ:HCDI)Â has announced 17 new construction homes are available to purchase now and into the fall in the Austin and Horseshoe Bay metropolitan statistical areas (MSAs). The company noted that the spacious homes range from 3,040 to 4,836 square feet and feature four to five bedrooms, four to five bathrooms, and three-car garages.
HCDI’s Market Performance
Harbor Custom Development Inc (HCDI) has experienced a 19.62% rise in stock performance for the past week, with a -15.63% drop in the past month, and a -36.15% drop in the past quarter. The volatility ratio for the week is 23.41%, and the volatility levels for the past 30 days are at 17.35% for HCDI. The simple moving average for the last 20 days is 9.91% for HCDI stock, with a simple moving average of -74.21% for the last 200 days.
HCDI Trading at -21.44% from the 50-Day Moving Average
After a stumble in the market that brought HCDI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -94.04% of loss for the given period.
Volatility was left at 17.35%, however, over the last 30 days, the volatility rate increased by 23.41%, as shares surge +18.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.52% lower at present.
During the last 5 trading sessions, HCDI rose by +36.71%, which changed the moving average for the period of 200-days by -88.98% in comparison to the 20-day moving average, which settled at $0.8681. In addition, Harbor Custom Development Inc saw -87.25% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for HCDI
Current profitability levels for the company are sitting at:
- -27.95 for the present operating margin
- -3.36 for the gross margin
The net margin for Harbor Custom Development Inc stands at -30.54. The total capital return value is set at -8.17, while invested capital returns managed to touch -16.12. Equity return is now at value -54.70, with -16.91 for asset returns.
Based on Harbor Custom Development Inc (HCDI), the company’s capital structure generated 192.36 points at debt to equity in total, while total debt to capital is 65.80. Total debt to assets is 61.54, with long-term debt to equity ratio resting at 212.18. Finally, the long-term debt to capital ratio is 12.15.
When we switch over and look at the enterprise to sales, we see a ratio of 3.48, with the company’s debt to enterprise value settled at 0.72. The receivables turnover for the company is 9.63 and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.16.
Conclusion
To wrap up, the performance of Harbor Custom Development Inc (HCDI) has been bad 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.
