The stock price of PulteGroup Inc (NYSE: PHM) has jumped by 0.36 compared to previous close of 111.42. Despite this, the company has seen a fall of -0.39% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-01 that The crux of safe investment lies in choosing a company that is not burdened with debt, as a debt-free stock is almost impossible to find. You may buy NVDA, PHM, MEG, JHG and HG for now.
Is It Worth Investing in PulteGroup Inc (NYSE: PHM) Right Now?
The price-to-earnings ratio for PulteGroup Inc (NYSE: PHM) is above average at 8.95x. The 36-month beta value for PHM is also noteworthy at 1.57. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 14 rating it as “hold,” and 0 rating it as “sell.”
The public float for PHM is 208.80M, and at present, short sellers hold a 2.24% of that float. The average trading volume of PHM on May 02, 2024 was 1.77M shares.
PHM’s Market Performance
The stock of PulteGroup Inc (PHM) has seen a -0.39% decrease in the past week, with a -2.08% drop in the past month, and a 6.94% gain in the past quarter. The volatility ratio for the week is 3.00%, and the volatility levels for the past 30 days are at 2.88% for PHM. The simple moving average for the past 20 days is 0.54% for PHM’s stock, with a 19.76% simple moving average for the past 200 days.
Analysts’ Opinion of PHM
Many brokerage firms have already submitted their reports for PHM stocks, with Citigroup repeating the rating for PHM by listing it as a “Neutral.” The predicted price for PHM in the upcoming period, according to Citigroup is $113 based on the research report published on January 08, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see PHM reach a price target of $120, previously predicting the price at $93. The rating they have provided for PHM stocks is “Neutral” according to the report published on January 04th, 2024.
Jefferies gave a rating of “Buy” to PHM, setting the target price at $107 in the report published on November 27th of the previous year.
PHM Trading at 0.40% from the 50-Day Moving Average
After a stumble in the market that brought PHM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.64% of loss for the given period.
Volatility was left at 2.88%, however, over the last 30 days, the volatility rate increased by 3.00%, as shares sank -3.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.52% upper at present.
During the last 5 trading sessions, PHM fell by -0.39%, which changed the moving average for the period of 200-days by +36.87% in comparison to the 20-day moving average, which settled at $111.03. In addition, PulteGroup Inc saw 8.33% 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 PHM starting from O’Meara Brien P., who sale 2,000 shares at the price of $103.09 back on Feb 06 ’24. After this action, O’Meara Brien P. now owns 15,389 shares of PulteGroup Inc, valued at $206,180 using the latest closing price.
Snyder Lila, the Director of PulteGroup Inc, sale 4,000 shares at $80.73 during a trade that took place back on Aug 03 ’23, which means that Snyder Lila is holding 5,540 shares at $322,936 based on the most recent closing price.
Stock Fundamentals for PHM
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.3 for the gross margin
The net margin for PulteGroup Inc stands at 0.17. The total capital return value is set at 0.27. Equity return is now at value 27.22, with 17.40 for asset returns.
Based on PulteGroup Inc (PHM), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 0.69. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 7426.41.
Currently, EBITDA for the company is -1.31 million with net debt to EBITDA at 0.2. When we switch over and look at the enterprise to sales, we see a ratio of 1.48. The receivables turnover for the company is -26.62for trailing twelve months and the total asset turnover is 1.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.12.
Conclusion
In summary, PulteGroup Inc (PHM) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
