The Impact of Market Fluctuations on Home Depot, Inc.’s (HD) Stock

TEAM

The stock of Home Depot, Inc. (HD) has gone up by 0.90% for the week, with a -2.24% drop in the past month and a -13.77% drop in the past quarter. The volatility ratio for the week is 1.72%, and the volatility levels for the past 30 days are 1.77% for HD.. The simple moving average for the past 20 days is -2.82% for HD’s stock, with a -2.20% simple moving average for the past 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 22.01x, Company’s 36-month beta value is 1.00.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.”

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The public float for HD is 990.99M, and currently, short sellers hold a 0.86% ratio of that floaft. The average trading volume of HD on June 04, 2024 was 3.62M shares.

HD) stock’s latest price update

Home Depot, Inc. (NYSE: HD) has experienced a decline in its stock price by -2.05 compared to its previous closing price of 334.87. However, the company has seen a gain of 0.90% in its stock price over the last five trading days. fool.com reported 2024-06-03 that The home improvement industry is a large and growing opportunity, with Home Depot and Lowe’s at the top.

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 -5.35% 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 -17.35% of loss for the given period.

Volatility was left at 1.77%, however, over the last 30 days, the volatility rate increased by 1.72%, as shares sank -4.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.00% lower at present.

During the last 5 trading sessions, HD rose by +0.90%, which changed the moving average for the period of 200-days by -1.51% in comparison to the 20-day moving average, which settled at $336.80. In addition, Home Depot, Inc. saw -5.35% 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 Carey Matt, who sale 56,008 shares at the price of $345.18 back on May 16 ’24. After this action, Carey Matt now owns 33,325 shares of Home Depot, Inc., valued at $19,332,587 using the latest closing price.

Siddiqui Fahim, the EVP and CIO of Home Depot, Inc., sale 3,000 shares at $343.79 during a trade that took place back on May 16 ’24, which means that Siddiqui Fahim is holding 8,155 shares at $1,031,370 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 0.39. Equity return is now at value 1362.97, with 19.11 for asset returns.

Based on Home Depot, Inc. (HD), the company’s capital structure generated 0.96 points at debt to capital in total, while cash flow to debt ratio is standing at 0.51. The debt to equity ratio resting at 22.5. The interest coverage ratio of the stock is 10.86.

Currently, EBITDA for the company is 24.94 billion with net debt to EBITDA at 1.91. When we switch over and look at the enterprise to sales, we see a ratio of 2.45. The receivables turnover for the company is 36.99for trailing twelve months and the total asset turnover is 1.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.

Conclusion

In a nutshell, Home Depot, Inc. (HD) 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.

Most Popular

Related Posts