Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SDHC is 8.52M, and currently, short sellers hold a 8.53% ratio of that floaft. The average trading volume of SDHC on April 19, 2024 was 151.61K shares.
SDHC) stock’s latest price update
Smith Douglas Homes Corp. (NYSE: SDHC) has experienced a decline in its stock price by -6.18 compared to its previous closing price of 26.71. However, the company has seen a fall of -12.87% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-20 that Smith Douglas Homes Corp. (SDHC) Q4 2023 Earnings Call Transcript
SDHC’s Market Performance
Smith Douglas Homes Corp. (SDHC) has seen a -12.87% fall in stock performance for the week, with a -17.78% decline in the past month and a 2.66% surge in the past quarter. The volatility ratio for the week is 4.36%, and the volatility levels for the past 30 days are at 3.73% for SDHC. The simple moving average for the past 20 days is -13.81% for SDHC’s stock, with a -10.77% simple moving average for the past 200 days.
Analysts’ Opinion of SDHC
Wells Fargo, on the other hand, stated in their research note that they expect to see SDHC reach a price target of $25. The rating they have provided for SDHC stocks is “Equal Weight” according to the report published on February 05th, 2024.
Wedbush gave a rating of “Neutral” to SDHC, setting the target price at $23 in the report published on February 05th of the current year.
SDHC Trading at -13.99% from the 50-Day Moving Average
After a stumble in the market that brought SDHC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.64% of loss for the given period.
Volatility was left at 3.73%, however, over the last 30 days, the volatility rate increased by 4.36%, as shares sank -18.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.98% lower at present.
During the last 5 trading sessions, SDHC fell by -12.87%, in comparison to the 20-day moving average, which settled at $28.79. In addition, Smith Douglas Homes Corp. saw 4.42% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SDHC starting from Steele Brett Allen, who purchase 5,000 shares at the price of $21.00 back on Jan 16 ’24. After this action, Steele Brett Allen now owns 5,000 shares of Smith Douglas Homes Corp., valued at $105,000 using the latest closing price.
Stock Fundamentals for SDHC
The liquidity ratio also appears to be rather interesting for investors as it stands at 4.70.
Conclusion
In a nutshell, Smith Douglas Homes Corp. (SDHC) has experienced a mixed performance in recent times. The stock has received mixed “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.
