The stock of HomeStreet Inc (HMST) has seen a -10.59% decrease in the past week, with a -22.86% drop in the past month, and a -20.28% decrease in the past quarter. The volatility ratio for the week is 7.83%, and the volatility levels for the past 30 days are at 5.28% for HMST. The simple moving average for the past 20 days is -14.79% for HMST’s stock, with a 6.54% simple moving average for the past 200 days.
Is It Worth Investing in HomeStreet Inc (NASDAQ: HMST) Right Now?
HMST has 36-month beta value of 1.35. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for HMST is 17.45M, and currently, short sellers hold a 3.15% ratio of that float. The average trading volume of HMST on May 02, 2024 was 173.90K shares.
HMST) stock’s latest price update
The stock price of HomeStreet Inc (NASDAQ: HMST) has dropped by -10.45 compared to previous close of 12.25. Despite this, the company has seen a fall of -10.59% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-30 that Although the revenue and EPS for HomeStreet (HMST) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Analysts’ Opinion of HMST
Many brokerage firms have already submitted their reports for HMST stocks, with Wedbush repeating the rating for HMST by listing it as a “Neutral.” The predicted price for HMST in the upcoming period, according to Wedbush is $12 based on the research report published on April 26, 2023 of the previous year 2023.
Piper Sandler, on the other hand, stated in their research note that they expect to see HMST reach a price target of $28, previously predicting the price at $24. The rating they have provided for HMST stocks is “Neutral” according to the report published on February 01st, 2023.
Keefe Bruyette gave a rating of “Mkt Perform” to HMST, setting the target price at $29 in the report published on January 31st of the previous year.
HMST Trading at -21.23% from the 50-Day Moving Average
After a stumble in the market that brought HMST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.66% of loss for the given period.
Volatility was left at 5.28%, however, over the last 30 days, the volatility rate increased by 7.83%, as shares sank -22.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.19% lower at present.
During the last 5 trading sessions, HMST fell by -10.59%, which changed the moving average for the period of 200-days by +51.52% in comparison to the 20-day moving average, which settled at $12.71. In addition, HomeStreet Inc saw 6.50% 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 HMST starting from Harrell Joanne R, who purchase 1,685 shares at the price of $14.87 back on Mar 15 ’24. After this action, Harrell Joanne R now owns 14,907 shares of HomeStreet Inc, valued at $25,052 using the latest closing price.
MICHEL JOHN, the EVP, Chief Financial Officer of HomeStreet Inc, purchase 10,000 shares at $5.99 during a trade that took place back on May 12 ’23, which means that MICHEL JOHN is holding 50,000 shares at $59,880 based on the most recent closing price.
Stock Fundamentals for HMST
Current profitability levels for the company are sitting at:
- -0.17 for the present operating margin
- 1.0 for the gross margin
The net margin for HomeStreet Inc stands at -0.14. The total capital return value is set at -0.01. Equity return is now at value -5.00, with -0.29 for asset returns.
Based on HomeStreet Inc (HMST), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is -0.19.
Currently, EBITDA for the company is -32.76 million with net debt to EBITDA at 1.92. When we switch over and look at the enterprise to sales, we see a ratio of 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.04.
Conclusion
To put it simply, HomeStreet Inc (HMST) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
