In the past week, LEN stock has gone down by -5.06%, with a monthly decline of -3.83% and a quarterly plunge of -10.51%. The volatility ratio for the week is 2.87%, and the volatility levels for the last 30 days are 2.39% for Lennar Corp. The simple moving average for the last 20 days is -4.14% for LEN’s stock, with a simple moving average of 4.00% for the last 200 days.
Is It Worth Investing in Lennar Corp. (NYSE: LEN) Right Now?
The price-to-earnings ratio for Lennar Corp. (NYSE: LEN) is 10.10x, which is above its average ratio. Moreover, the 36-month beta value for LEN is 1.60. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 7 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for LEN is 238.98M and currently, short sellers hold a 2.29% of that float. On June 25, 2024, LEN’s average trading volume was 2.05M shares.
LEN) stock’s latest price update
Lennar Corp. (NYSE: LEN) has experienced a decline in its stock price by -1.37 compared to its previous closing price of 150.66. However, the company has seen a fall of -5.06% in its stock price over the last five trading days. seekingalpha.com reported 2024-06-23 that U.S. equity markets climbed to fresh record-highs this week while benchmark interest rates hovered near two-month lows as the “bad news is good news” dynamic persisted. Investors responded favorably to another relatively downbeat slate of economic data, including soft retail sales, slowing home construction activity, and a rise in unemployment claims to five-month highs. Despite weakness from chip giant Nvidia, the S&P 500 posted its eighth weekly gain in the past nine weeks, advancing 0.3% and notching another series of record-highs during the week.
Analysts’ Opinion of LEN
Many brokerage firms have already submitted their reports for LEN stocks, with Wedbush repeating the rating for LEN by listing it as a “Underperform.” The predicted price for LEN in the upcoming period, according to Wedbush is $144 based on the research report published on April 02, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see LEN reach a price target of $117. The rating they have provided for LEN stocks is “Hold” according to the report published on November 27th, 2023.
Wells Fargo gave a rating of “Overweight” to LEN, setting the target price at $123 in the report published on October 17th of the previous year.
LEN Trading at -5.14% from the 50-Day Moving Average
After a stumble in the market that brought LEN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.90% of loss for the given period.
Volatility was left at 2.39%, however, over the last 30 days, the volatility rate increased by 2.87%, as shares sank -4.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.87% lower at present.
During the last 5 trading sessions, LEN fell by -4.85%, which changed the moving average for the period of 200-days by +26.12% in comparison to the 20-day moving average, which settled at $154.64. In addition, Lennar Corp. saw -0.30% 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 LEN starting from SUSTANA MARK, who sale 9,176 shares at the price of $164.88 back on May 20 ’24. After this action, SUSTANA MARK now owns 16,768 shares of Lennar Corp., valued at $1,512,939 using the latest closing price.
McCall Jeffrey Joseph, the Executive Vice President of Lennar Corp., sale 10,000 shares at $170.11 during a trade that took place back on May 15 ’24, which means that McCall Jeffrey Joseph is holding 118,629 shares at $1,701,100 based on the most recent closing price.
Stock Fundamentals for LEN
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.47 for the gross margin
The net margin for Lennar Corp. stands at 0.12. The total capital return value is set at 0.16. Equity return is now at value 15.83, with 10.88 for asset returns.
Based on Lennar Corp. (LEN), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 2.05. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 46.62.
Currently, EBITDA for the company is 5.53 billion with net debt to EBITDA at -0.32. When we switch over and look at the enterprise to sales, we see a ratio of 1.11. The receivables turnover for the company is 39.8for trailing twelve months and the total asset turnover is 0.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.93.
Conclusion
To wrap up, the performance of Lennar Corp. (LEN) has been bad in recent times. The stock has received a mixed of “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.
