The stock of Home Depot, Inc. (HD) has seen a -0.54% decrease in the past week, with a -14.95% drop in the past month, and a -5.77% decrease in the past quarter. The volatility ratio for the week is 1.51%, and the volatility levels for the past 30 days are at 1.69% for HD. The simple moving average for the last 20 days is -6.22% for HD’s stock, with a simple moving average of 0.81% for the last 200 days.
Is It Worth Investing in Home Depot, Inc. (NYSE: HD) Right Now?
The price-to-earnings ratio for Home Depot, Inc. (NYSE: HD) is above average at 22.26x, Company’s 36-month beta value is 1.01.Analysts have differing opinions on the stock, with 12 analysts rating it as a “buy,” 12 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for HD is 988.72M, and currently, short sellers hold a 1.00% ratio of that floaft. The average trading volume of HD on April 23, 2024 was 3.42M shares.
HD) stock’s latest price update
Home Depot, Inc. (NYSE: HD)’s stock price has gone rise by 0.22 in comparison to its previous close of 335.36, however, the company has experienced a -0.54% decrease in its stock price over the last five trading days. The Motley Fool reported 2024-04-21 that Prologis is the largest REIT in the world, with over $200 billion in assets under management. Thanks to interest rate headwinds and geopolitical uncertainty, the stock has been beaten down recently.
Analysts’ Opinion of HD
Many brokerage firms have already submitted their reports for HD stocks, with Telsey Advisory Group repeating the rating for HD by listing it as a “Market Perform.” The predicted price for HD in the upcoming period, according to Telsey Advisory Group is $360 based on the research report published on April 01, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see HD reach a price target of $415. The rating they have provided for HD stocks is “Buy” according to the report published on March 19th, 2024.
HSBC Securities gave a rating of “Reduce” to HD, setting the target price at $323 in the report published on February 21st of the current year.
HD Trading at -8.42% 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 -15.31% of loss for the given period.
Volatility was left at 1.69%, however, over the last 30 days, the volatility rate increased by 1.51%, as shares sank -13.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.59% lower at present.
During the last 5 trading sessions, HD fell by -0.54%, which changed the moving average for the period of 200-days by +11.29% in comparison to the 20-day moving average, which settled at $355.68. In addition, Home Depot, Inc. saw -3.01% 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 Decker Edward P., who sale 35,987 shares at the price of $368.63 back on Feb 22 ’24. After this action, Decker Edward P. now owns 107,731 shares of Home Depot, Inc., valued at $13,266,019 using the latest closing price.
Campbell Ann Marie, the Senior EVP of Home Depot, Inc., sale 27,574 shares at $368.65 during a trade that took place back on Feb 22 ’24, which means that Campbell Ann Marie is holding 65,520 shares at $10,165,043 based on the most recent closing price.
Stock Fundamentals for HD
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.33 for the gross margin
The net margin for Home Depot, Inc. stands at 0.1. The total capital return value is set at 0.4. Equity return is now at value 1162.16, with 19.80 for asset returns.
Based on Home Depot, Inc. (HD), the company’s capital structure generated 0.98 points at debt to capital in total, while cash flow to debt ratio is standing at 0.5. The debt to equity ratio resting at 40.38. The interest coverage ratio of the stock is 11.16.
Currently, EBITDA for the company is 24.94 billion with net debt to EBITDA at 1.94. When we switch over and look at the enterprise to sales, we see a ratio of 2.5. The receivables turnover for the company is 45.87for trailing twelve months and the total asset turnover is 1.99. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.35.
Conclusion
In a nutshell, Home Depot, Inc. (HD) has experienced a bad 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.
