A share price of LGI Homes Inc [LGIH] is currently trading at $92.47, down -1.09%. 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 LGIH shares have gain 11.02% over the last week, with a monthly amount drifted -8.13%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
LGI Homes Inc [NASDAQ: LGIH] stock has seen the most recent analyst activity on September 09, 2024, when Wedbush upgraded its rating to a Neutral and also boosted its price target to $125 from $97. Previously, Seaport Research Partners downgraded its rating to Sell on August 05, 2024, and kept the price target unchanged to $85. On April 02, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $74 on the stock. BTIG Research upgraded its rating to a Neutral. Seaport Research Partners initiated its recommendation with a Buy and recommended $156 as its price target on June 14, 2023. BTIG Research downgraded its rating to Sell for this stock on February 22, 2023, but kept the price target unchanged to $73. In a note dated April 20, 2022, BTIG Research upgraded an Neutral rating on this stock.
LGI Homes Inc experienced fluctuations in its stock price throughout the past year between $82.94 and $130.75. Currently, Wall Street analysts expect the stock to reach $125 within the next 12 months. LGI Homes Inc [NASDAQ: LGIH] shares were valued at $92.47 at the most recent close of the market. An investor can expect a potential return of 35.18% based on the average LGIH price forecast.
Analyzing the LGIH fundamentals
Trailing Twelve Months sales for LGI Homes Inc [NASDAQ:LGIH] were 2.25B which represents 5.56% growth. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.1 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.8.
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 90.89 points at the first support level, and at 89.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 94.77, and for the 2nd resistance point, it is at 97.07.
Ratios To Look Out For
To put it in perspective, the Current Ratio for LGI Homes Inc [NASDAQ:LGIH] is 12.83. Further, the Quick Ratio stands at 0.40, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 0.96, the price to book ratio is 1.09 and price to earnings (TTM) ratio is 11.08.
Transactions by insiders
Recent insider trading involved Snider Michael Larry, President and COO, that happened on Mar 11 ’24 when 7993.0 shares were sold. CFO and Treasurer, Merdian Charles Michael completed a deal on Mar 11 ’24 to sell 6361.0 shares. Meanwhile, CEO and Chairman of the Board Lipar Eric Thomas sold 10869.0 shares on Mar 11 ’24.
