HOV stock: buy or sell?
February 27th, 2020
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?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Having a trading plan 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.
None of our preferred buy setups matches with Hovnanian Enterprises stock situation right now, therefore this is not a suitable entry point.
|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 published by financial analysts to indicate a particular stock's attractiveness.Unfortunately, we couldn't detect any rating for HOV stock for the last 30 days.
HOV stock analysis
Hovnanian Enterprises shares plummed -3.35% to $25.42 today.
Hovnanian Enterprises shares plummed -3.35% to $25.42 today. Since SMA100d and SMA200d crossed up on November, HOV price climbed $2.83 per share (12.53%). On February/5 HOV price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.
After boosting an extraordinary 9.45% in a week last week, Hovnanian Enterprises closed this week at $25.42 and plunged a dreadful -16.57%.
Hovnanian Enterprises stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Since early November 2019 when SMA20w and SMA40w crossed up, HOV price slipped $-1.34 per share (-5.01%). Since price and SMA40w lines crossed up early September, HOV climbed $12.73 (100.32%).
HOV stock price history
HOV IPO was on September 7th, 1983 at $0.00 per share1. Since then, HOV stock surged a inf%, with an average of inf% per year. 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 on Jan/24 at $32.90, and all-time highs 2005-07-20 with a price of 1835.
HOV stock price targetNobody can reliably foresee how stock prices may evolve in the future. 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 ShareAfter publishing its last earnings report on March, Hovnanian Enterprises . As soon as we get its actual EPS from the earnings report, we will update this report.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw a spooky slide of -18.78% to $1,991.23 M USD. When comparing 2018 vs 2017, by contrast, profit margin (that is, the net income divided by revenues) climbed a 13.78% to 0.23%. Hovnanian Enterprises fiscal year ends in October, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Hovnanian Enterprises TTM sales up to January 2019 were $1,954.66 and income $17.88 M USD. If we compare 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, slightly fell an unpleasant -1.84%. However, profit margin (net income/revenues) remained steady 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 reported $380.59 M in sales for 2019-Q1, a -38.10% less 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 revenues to same quarter last year, Hovnanian Enterprises sales marked a terrifying decrease and eased 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 a stock, it's worth to have a look 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, 13.66% of all outstanding shares are owned by its staff.
In case of Hovnanian Enterprises stock, 32.82% 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.
The following table compares ownership indicators for other stocks related to Hovnanian Enterprises:
|Market cap||$139.8 M|
|Total shares||5.5 M|
|Float shares||4.8 M|
|- Institutional holdings (%)||32.8%|
|- Insider holdings (%)||13.7%|
|Shares in short selling||0.0%|
|Thursday, February 27th, 2020|
|Day range||$23.60 - $26.53|
|Average true range||$2.31|
|50d mov avg||$25.39|
|100d mov avg||$24.87|
|200d mov avg||$17.36|
Hovnanian Enterprises performanceTo measure stock performance is always good to compare with competitors or related stocks. In the following table, we compare Hovnanian Enterprises to :