Hovnanian Enterprises Inc's fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 46 out of 58 in the Homebuilding & Construction Supplies industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as , with the highest price target at 120.00.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Hovnanian Enterprises Inc is 6.74, ranking 44 out of 58 in the Homebuilding & Construction Supplies industry. Its financial status is stable, and its operating efficiency is high. Its latest quarterly revenue reached 817.90M, representing a year-over-year decrease of 16.51%, while its net profit experienced a year-over-year decrease of 104.38%.
Key Metrics
The current valuation score of Hovnanian Enterprises Inc is 8.50, ranking 10 out of 58 in the Homebuilding & Construction Supplies industry. Its current P/E ratio is 15.84, which is 1.11% below the recent high of 16.02 and 92.49% above the recent low of 1.19.
No earnings forecast score is currently available for Hovnanian Enterprises Inc. The Homebuilding & Construction Supplies industry's average is 7.35. The average price target is 120.00, with a high of 120.00 and a low of 120.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Hovnanian Enterprises Inc is 9.10, ranking 31 out of 58 in the Homebuilding & Construction Supplies industry. Currently, the stock price is trading between the resistance level at 132.94 and the support level at 113.87, making it suitable for range-bound swing trading.
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The current institutional shareholding score of Hovnanian Enterprises Inc is 5.00, ranking 46 out of 58 in the Homebuilding & Construction Supplies industry. The latest institutional shareholding proportion is 63.89%, representing a quarter-over-quarter decrease of 1.37%. The largest institutional shareholder is The Vanguard, holding a total of 273.68K shares, representing 5.30% of shares outstanding, with 10.58% decrease in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Homebuilding & Construction Supplies domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Hovnanian Enterprises Inc is 5.03, ranking 45 out of 58 in the Homebuilding & Construction Supplies industry. The company's beta value is 2.29. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets. with an industry-leading ESG disclosure.
