HOV stock: buy or sell?
October 18th, 2019
Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. It constructs single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes.
Should I buy HOV stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, Hovnanian Enterprises stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Hovnanian Enterprises stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we found 1 rating published for HOV stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
HOV stock analysis
After sliding a bloodcurdling -11.39% on Thursday, Hovnanian Enterprises closed on October 18th at $26.86 and boosted a super good 6.21%.
After sliding a bloodcurdling -11.39% on Thursday, Hovnanian Enterprises closed on Oct/18 at $26.86 and boosted a super good 6.21%. In the last 41 days when HOV stock price broke up the SMA200d line, it gained $14.17 (111.66%). Since SMA50d and SMA100d crossed up on Sep 30th, HOV price climbed $8.44 per share (45.82%).
Shares of Hovnanian Enterprises boosted a super good 15.03% this week. This week was the 5th green week in a row.
Since price and SMA40w lines crossed up early September, HOV climbed $14.17 (111.66%). Late September, SMA10w and SMA20w crossed up triggering a rise of 66.21%.
HOV stock price history
HOV IPO was on September 7th, 1983 at $0.00 per share1. Since then, HOV stock surged a inf%, with a yearly average of inf%. If you had invested right after HOV's IPO a $1,000 in HOV stock in 1983, it would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits.
HOV stock historical price chart
HOV stock reached 52-week highs at $39.50, and all-time highs 2005-07-20 with a price of 1835.
HOV stock price targetPredicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we have not detected any price prediction for Hovnanian Enterprises stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareSince March, when Hovnanian Enterprises presented its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw a scary drop down of -18.78% to $1,991.23 M dollars. Nevertheless, its earnings margin (compared to revenues) skyrocketed to 0.23%, that is $4.52 million. To have an up to date picture of the financial situation of Hovnanian Enterprises, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Hovnanian Enterprises TTM sales up to January 2019 were $1,954.66 and income was $17.88 million dollars. When comparing this TTM figures with the last reported annuality, we can esteem Hovnanian Enterprises business evolution since October 2018: Annual revenues up to January, compared to lastest yearly report, declined a bad -1.84%. Instead, profit margin (net income/revenues) remained stable at 0.23%.
|2013||$1,850 M||-||$31 M1.7%||-|
|2014||$2,060 M||11.35%||$300 M14.6%||858.59%|
|2014||$2,063 M||0.16%||$307 M14.9%||2.37%|
|2015||$2,150 M||4.20%||$-16.10 M-0.7%||-105.24%|
|2015||$2,148 M||-0.07%||$-16.10 M-0.7%||0.00%|
|2016||$2,750 M||28.00%||$-2.82 M-0.1%||-82.48%|
|2016||$2,752 M||0.08%||$-2.82 M-0.1%||-0.04%|
|2017||$2,450 M||-10.98%||$-332.19 M-13.6%||11,683.97%|
|2017||$2,452 M||0.07%||$-332.19 M-13.5%||0.00%|
|2018||$1,991 M||-18.78%||$4.52 M0.2%||-101.36%|
|TTM||$1,955 M||-1.84%||$18 M0.9%||295.51%|
Quarterly financial resultsHovnanian Enterprises posted $380.59 million in revenues for 2019-Q1, a -38.10% decline compared to previous quarter. Reported quarter earnings marked $-17.45 million with a profit margin of -4.59%. Profit margin collapsed a -12.10% compared to previous quarter when profit margin was 7.51%. When comparing sales to same quarter last year, Hovnanian Enterprises sales marked a terrible slide and slipped a -8.77%.
|2017-Q2||$585 M||-||$-7 M-1.1%||-|
|2017-Q3||$592 M||1.31%||$-337 M-56.9%||4,948.05%|
|2017-Q4||$722 M||21.82%||$12 M1.6%||-103.51%|
|2018-Q1||$417 M||-42.20%||$-31 M-7.4%||-360.19%|
|2018-Q2||$503 M||20.47%||$-10 M-2.0%||-68.12%|
|2018-Q3||$457 M||-9.12%||$-1 M-0.2%||-89.56%|
|2018-Q4||$615 M||34.62%||$46 M7.5%||-4,600.78%|
|2019-Q1||$381 M||-38.10%||$-17 M-4.6%||-137.79%|
Hovnanian Enterprises ownershipWhen you are planning to buy shares of a stock, it's worth to check its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Hovnanian Enterprises, 10.29% of all outstanding shares are owned by its staff.
In case of Hovnanian Enterprises stock, 35.81% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for HOV stock account 0.00%, no big difference from last month.
For a better understanding, the following table shows ownership data compared to other related stocks:
|Market cap||$142.9 M|
|Total shares||5.3 M|
|Float shares||4.1 M|
|- Institutional holdings (%)||35.8%|
|- Insider holdings (%)||10.3%|
|Shares in short selling||0.0%|
|Friday, October 18th, 2019|
|Day range||$23.73 - $26.99|
|Average true range||$2.25|
|50d mov avg||$14.52|
|100d mov avg||$11.06|
|200d mov avg||$13.22|
Hovnanian Enterprises performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We chose as the bechmarking frame for Hovnanian Enterprises stock.