The stock of Home Depot, Inc (NYSE: HD) has increased by 0.59 when compared to last closing price of 405.90.Despite this, the company has seen a gain of 3.22% in its stock price over the last five trading days. cnbc.com reported 2024-11-11 that The postelection rally is charging ahead. Both the Dow and S&P 500 closed at record highs, while bitcoin logged eye-popping gains to trade above $88,000.
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 27.48x, Company’s 36-month beta value is 1.02.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.”
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The public float for HD is 992.68M, and currently, short sellers hold a 1.13% ratio of that floaft. The average trading volume of HD on November 12, 2024 was 3.28M shares.
HD’s Market Performance
The stock of Home Depot, Inc (HD) has seen a 3.22% increase in the past week, with a -0.88% drop in the past month, and a 16.63% gain in the past quarter. The volatility ratio for the week is 1.92%, and the volatility levels for the past 30 days are at 1.69% for HD. The simple moving average for the last 20 days is 1.45% for HD’s stock, with a simple moving average of 11.92% for the last 200 days.
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 “Outperform.” The predicted price for HD in the upcoming period, according to Telsey Advisory Group is $455 based on the research report published on November 08, 2024 of the current year 2024.
Bernstein, on the other hand, stated in their research note that they expect to see HD reach a price target of $451. The rating they have provided for HD stocks is “Mkt Perform” according to the report published on October 22nd, 2024.
Loop Capital gave a rating of “Buy” to HD, setting the target price at $460 in the report published on October 09th of the current year.
HD Trading at 3.12% 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 -3.15% of loss for the given period.
Volatility was left at 1.69%, however, over the last 30 days, the volatility rate increased by 1.92%, as shares sank -1.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.80% upper at present.
During the last 5 trading sessions, HD rose by +3.22%, which changed the moving average for the period of 200-days by +14.91% in comparison to the 20-day moving average, which settled at $402.44. In addition, Home Depot, Inc saw 17.82% 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 HD starting from Scardino Kimberly R, who sale 1,700 shares at the price of $363.00 back on Aug 19 ’24. After this action, Scardino Kimberly R now owns 7,037 shares of Home Depot, Inc, valued at $617,100 using the latest closing price.
Roseborough Teresa Wynn, the EVP, Gen. Counsel & Corp. Sec. of Home Depot, Inc, sale 5,195 shares at $359.32 during a trade that took place back on Aug 15 ’24, which means that Roseborough Teresa Wynn is holding 20,399 shares at $1,866,667 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 0.31. Equity return is now at value 513.36, with 17.05 for asset returns.
Based on Home Depot, Inc (HD), the company’s capital structure generated 0.92 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at 12.23. The interest coverage ratio of the stock is 10.28.
Currently, EBITDA for the company is 24.94 billion with net debt to EBITDA at 2.57. When we switch over and look at the enterprise to sales, we see a ratio of 3.08. The receivables turnover for the company is 27.64for trailing twelve months and the total asset turnover is 1.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.15.
Conclusion
In a nutshell, Home Depot, Inc (HD) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
