Hovnanian Enterprises, Inc (NYSE: HOV) has a price-to-earnings ratio of 4.18x that is above its average ratio. Additionally, the 36-month beta value for HOV is 2.73. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for HOV is 4.38M and currently, short sellers hold a 4.95% ratio of that float. The average trading volume of HOV on January 15, 2025 was 82.18K shares.
HOV) stock’s latest price update
The stock price of Hovnanian Enterprises, Inc (NYSE: HOV) has jumped by 11.22 compared to previous close of 119.55. Despite this, the company has seen a gain of 4.68% in its stock price over the last five trading days. seekingalpha.com reported 2025-01-13 that Hovnanian Enterprises, Inc. is a top buying opportunity due to its low valuation, sizable backlog, and rising net new contracts despite recent stock volatility. The company’s diverse home portfolio and strategic lot acquisition have strengthened its financial position, reducing debt and increasing book value. Persistent high-interest rates pose short-term risks, but long-term housing demand driven by population growth supports a positive outlook.
HOV’s Market Performance
HOV’s stock has risen by 4.68% in the past week, with a monthly drop of -18.82% and a quarterly drop of -29.81%. The volatility ratio for the week is 4.94% while the volatility levels for the last 30 days are 4.94% for Hovnanian Enterprises, Inc The simple moving average for the past 20 days is -0.03% for HOV’s stock, with a -22.11% simple moving average for the past 200 days.
Analysts’ Opinion of HOV
Many brokerage firms have already submitted their reports for HOV stocks, with Wedbush repeating the rating for HOV by listing it as a “Neutral.” The predicted price for HOV in the upcoming period, according to Wedbush is $155 based on the research report published on December 16, 2024 of the previous year 2024.
HOV Trading at -17.14% from the 50-Day Moving Average
After a stumble in the market that brought HOV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.68% of loss for the given period.
Volatility was left at 4.94%, however, over the last 30 days, the volatility rate increased by 4.94%, as shares sank -19.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.48% lower at present.
During the last 5 trading sessions, HOV rose by +4.68%, which changed the moving average for the period of 200-days by -13.13% in comparison to the 20-day moving average, which settled at $133.00. In addition, Hovnanian Enterprises, Inc saw -0.64% 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 HOV starting from Sellers Robin Stone, who sale 290 shares at the price of $170.75 back on Dec 09 ’24. After this action, Sellers Robin Stone now owns 20,743 shares of Hovnanian Enterprises, Inc, valued at $49,517 using the latest closing price.
Sellers Robin Stone, the Director of Hovnanian Enterprises, Inc, sale 241 shares at $169.30 during a trade that took place back on Dec 10 ’24, which means that Sellers Robin Stone is holding 20,502 shares at $40,802 based on the most recent closing price.
Stock Fundamentals for HOV
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.2 for the gross margin
The net margin for Hovnanian Enterprises, Inc stands at 0.08. The total capital return value is set at 0.12. Equity return is now at value 33.78, with 9.16 for asset returns.
Based on Hovnanian Enterprises, Inc (HOV), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 1.23. The interest coverage ratio of the stock is 3.29.
Currently, EBITDA for the company is 313.34 million with net debt to EBITDA at 2.42. When we switch over and look at the enterprise to sales, we see a ratio of 0.53. The receivables turnover for the company is 102.18for trailing twelve months and the total asset turnover is 1.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.14.
Conclusion
In conclusion, Hovnanian Enterprises, Inc (HOV) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
