Legacy Housing Corp [LEGH] stock is trading at $25.06, up 2.27%. An important factor to consider is whether the stock is rising or falling in short-term value. The LEGH shares have gain 11.16% over the last week, with a monthly amount drifted -0.26%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Legacy Housing Corp [NASDAQ: LEGH] stock has seen the most recent analyst activity on June 07, 2024, when CJS Securities initiated its Market Outperform rating and assigned the stock a price target of $33. Previously, Wedbush started tracking the stock with Outperform rating on August 23, 2023, and set its price target to $30. On June 14, 2022, downgrade downgraded it’s rating to Neutral but maintained its price target of $16 on the stock. B. Riley Securities upgraded its rating to a Buy but stick to its price target of $20 on March 23, 2021. B. Riley FBR downgraded its rating to a Neutral and reduced its price target to $13 on March 17, 2020. Lake Street started tracking with a Buy rating for this stock on September 17, 2019, and assigned it a price target of $21. In a note dated January 08, 2019, B. Riley FBR initiated an Buy rating.
Legacy Housing Corp [LEGH] stock has fluctuated between $19.42 and $29.31 over the past year. Currently, Wall Street analysts expect the stock to reach $29.5 within the next 12 months. Legacy Housing Corp [NASDAQ: LEGH] shares were valued at $25.06 at the most recent close of the market. An investor can expect a potential return of 17.72% based on the average LEGH price forecast.
Analyzing the LEGH fundamentals
Legacy Housing Corp [NASDAQ:LEGH] reported sales of 163.72M for the trailing twelve months, which represents a drop of -11.36%. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.42%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.12 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 24.85 points at the first support level, and at 24.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.19, and for the 2nd resistance point, it is at 25.32.
Ratios To Look Out For
For context, Legacy Housing Corp’s Current Ratio is 3.47. On the other hand, the Quick Ratio is 2.57, and the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 3.70, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 11.48.
Transactions by insiders
Recent insider trading involved Hodgson Curtis Drew, Director, that happened on Jan 06 ’25 when 10468.0 shares were sold. Director, Hodgson Curtis Drew completed a deal on Jan 06 ’25 to buy 17300.0 shares. Meanwhile, Director Hodgson Curtis Drew sold 9184.0 shares on Dec 30 ’24.
