The stock of Meritage Homes Corp. (MTH) has seen a 12.43% increase in the past week, with a 18.09% gain in the past month, and a 30.89% flourish in the past quarter. The volatility ratio for the week is 3.89%, and the volatility levels for the past 30 days are at 2.76% for MTH. The simple moving average for the last 20 days is 19.03% for MTH stock, with a simple moving average of 25.66% for the last 200 days.
Is It Worth Investing in Meritage Homes Corp. (NYSE: MTH) Right Now?
Meritage Homes Corp. (NYSE: MTH) has a price-to-earnings ratio of 9.16x that is above its average ratio. Additionally, the 36-month beta value for MTH is 1.81. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 10 rating it as “hold,” and 2 rating it as “sell.”
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The public float for MTH is 35.40M and currently, short sellers hold a 3.37% ratio of that float. The average trading volume of MTH on July 18, 2024 was 438.41K shares.
MTH) stock’s latest price update
The stock price of Meritage Homes Corp. (NYSE: MTH) has surged by 3.42 when compared to previous closing price of 190.02, but the company has seen a 12.43% gain in its stock price over the last five trading sessions. zacks.com reported 2024-07-17 that Meritage (MTH) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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 14.74% 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 able to rebound, for now settling with 1.54% of gains for the given period.
Volatility was left at 2.76%, however, over the last 30 days, the volatility rate increased by 3.89%, as shares surge +20.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.50% upper at present.
During the last 5 trading sessions, MTH rose by +12.84%, which changed the moving average for the period of 200-days by +61.16% in comparison to the 20-day moving average, which settled at $166.77. In addition, Meritage Homes Corp. saw 12.81% 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 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:
- 0.2 for the present operating margin
- 0.26 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.
Based on Meritage Homes Corp. (MTH), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3.
Currently, EBITDA for the company is 975.67 million with net debt to EBITDA at 0.14. When we switch over and look at the enterprise to sales, we see a ratio of 1.15. The receivables turnover for the company is 26.0for 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 8.06.
Conclusion
In conclusion, Meritage Homes Corp. (MTH) has seen better performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others rating it 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.
