A share price of M.D.C. Holdings, Inc. [MDC] is currently trading at $62.88, down -0.05%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MDC shares have lost -0.05% over the last week, with a monthly amount glided 0.22%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
M.D.C. Holdings, Inc. [NYSE: MDC] stock has seen the most recent analyst activity on January 31, 2024, when Evercore ISI downgraded its rating to a In-line and also boosted its price target to $63 from $57. Previously, Seaport Research Partners upgraded its rating to Buy on November 02, 2023, and kept the price target unchanged to $49. On July 14, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $55 on the stock. Seaport Research Partners started tracking the stock assigning a Neutral rating. JP Morgan downgraded its rating to a Underweight and raised its price target to $28 on November 22, 2022. Raymond James downgraded its rating to Mkt Perform for this stock on October 21, 2022. In a note dated June 17, 2022, Wells Fargo downgraded an Underweight rating on this stock but restated the target price of $27.
M.D.C. Holdings, Inc. experienced fluctuations in its stock price throughout the past year between $36.47 and $63.00. Currently, Wall Street analysts expect the stock to reach $36.83 within the next 12 months. M.D.C. Holdings, Inc. [NYSE: MDC] shares were valued at $62.88 at the most recent close of the market. An investor can expect a potential drop of -41.43% based on the average MDC price forecast.
Analyzing the MDC fundamentals
Trailing Twelve Months sales for M.D.C. Holdings, Inc. [NYSE:MDC] were 4.65B which represents -7.61% decline. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.12 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.51.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 62.82 points at the first support level, and at 62.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.94, and for the 2nd resistance point, it is at 63.01.
Ratios To Look Out For
To put it in perspective, the Current Ratio for M.D.C. Holdings, Inc. [NYSE:MDC] is 6.91. Further, the Quick Ratio stands at 2.47, while the Cash Ratio is 2.21. Considering the valuation of this stock, the price to sales ratio is 1.01, the price to book ratio is 1.39 and price to earnings (TTM) ratio is 11.90.
Transactions by insiders
Recent insider trading involved BLACKFORD DAVID E, Director, that happened on Mar 11 ’24 when 6200.0 shares were sold. Director, BLACKFORD DAVID E completed a deal on Sep 01 ’23 to sell 2771.0 shares. Meanwhile, Director REECE PARIS G III sold 15000.0 shares on Jul 31 ’23.
