The price-to-earnings ratio for Meritage Homes Corp. (NYSE: MTH) is above average at 7.70x, Company’s 36-month beta value is 1.77.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 10 as “hold,” and 2 as “sell.”
The public float for MTH is 35.25M, and currently, short sellers hold a 1.85% ratio of that floaft. The average trading volume of MTH on April 26, 2024 was 432.62K shares.
MTH) stock’s latest price update
Meritage Homes Corp. (NYSE: MTH) has seen a rise in its stock price by 6.71 in relation to its previous close of 154.69. However, the company has experienced a 9.98% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-25 that Meritage Homes’ (MTH) first-quarter results reflect strong closing, orders and backlog.
MTH’s Market Performance
Meritage Homes Corp. (MTH) has seen a 9.98% rise in stock performance for the week, with a -1.07% decline in the past month and a -0.63% plunge in the past quarter. The volatility ratio for the week is 3.51%, and the volatility levels for the past 30 days are at 2.98% for MTH. The simple moving average for the past 20 days is 3.25% for MTH’s stock, with a 12.35% simple moving average for the past 200 days.
Analysts’ Opinion of MTH
Many brokerage firms have already submitted their reports for MTH stocks, with Wedbush repeating the rating for MTH by listing it as a “Underperform.” The predicted price for MTH in the upcoming period, according to Wedbush is $148 based on the research report published on April 02, 2024 of the current year 2024.
Wedbush gave a rating of “Neutral” to MTH, setting the target price at $170 in the report published on December 18th of the previous year.
MTH Trading at 4.06% from the 50-Day Moving Average
After a stumble in the market that brought MTH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.13% of loss for the given period.
Volatility was left at 2.98%, however, over the last 30 days, the volatility rate increased by 3.51%, as shares sank -4.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.73% upper at present.
During the last 5 trading sessions, MTH rose by +9.98%, which changed the moving average for the period of 200-days by +19.69% in comparison to the 20-day moving average, which settled at $159.49. In addition, Meritage Homes Corp. saw -5.24% 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 MTH starting from Lord Phillippe, who sale 2,500 shares at the price of $162.79 back on Mar 13 ’24. After this action, Lord Phillippe now owns 100,266 shares of Meritage Homes Corp., valued at $406,975 using the latest closing price.
Lord Phillippe, the Chief Executive Officer of Meritage Homes Corp., sale 18,119 shares at $158.22 during a trade that took place back on Mar 04 ’24, which means that Lord Phillippe is holding 102,766 shares at $2,866,820 based on the most recent closing price.
Stock Fundamentals for MTH
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.25 for the gross margin
The net margin for Meritage Homes Corp. stands at 0.13. The total capital return value is set at 0.22. Equity return is now at value 18.06, with 12.84 for asset returns.
Currently, EBITDA for the company is 975.67 million with net debt to EBITDA at -0.8. When we switch over and look at the enterprise to sales, we see a ratio of 0.8. The receivables turnover for the company is 25.98for trailing twelve months and the total asset turnover is 0.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.21.
Conclusion
In a nutshell, Meritage Homes Corp. (MTH) has experienced a mixed performance in recent times. The stock has received mixed “sell” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
