MI Homes Inc [MHO] stock is trading at $137.68, up 0.48%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MHO shares have gain 10.92% over the last week, with a monthly amount drifted -11.00%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
MI Homes Inc [NYSE: MHO] stock has seen the most recent analyst activity on November 04, 2024, when Wedbush upgraded its rating to a Outperform and also boosted its price target to $185 from $155. On July 24, 2024, Raymond James initiated with a Strong Buy rating and assigned a price target of $200 on the stock. Wedbush downgraded its rating to a Neutral but stick to its price target of $116 on December 18, 2023. Wedbush upgraded its rating to a Outperform and raised its price target to $100 on August 12, 2021. In a note dated January 08, 2020, JMP Securities upgraded an Mkt Outperform rating on this stock but restated the target price of $50.
MI Homes Inc [MHO] stock has fluctuated between $109.92 and $176.18 over the past year. Currently, Wall Street analysts expect the stock to reach $197.5 within the next 12 months. MI Homes Inc [NYSE: MHO] shares were valued at $137.68 at the most recent close of the market. An investor can expect a potential return of 43.45% based on the average MHO price forecast.
Analyzing the MHO fundamentals
MI Homes Inc [NYSE:MHO] reported sales of 4.27B for the trailing twelve months, which represents a growth of 9.04%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.2 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.35.
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 135.79 points at the first support level, and at 133.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 140.30, and for the 2nd resistance point, it is at 142.91.
Ratios To Look Out For
For context, MI Homes Inc’s Current Ratio is 6.93. In addition, the Quick Ratio stands at 1.63 and the Cash Ratio stands at 2.8. Considering the valuation of this stock, the price to sales ratio is 0.88, the price to book ratio is 1.32 and price to earnings (TTM) ratio is 7.38.
Transactions by insiders
Recent insider trading involved SCHOTTENSTEIN ROBERT H, Chairman, CEO & President, that happened on Nov 25 ’24 when 3342.0 shares were sold. Chairman, CEO & President, SCHOTTENSTEIN ROBERT H completed a deal on Nov 25 ’24 to sell 4838.0 shares. Meanwhile, Chairman, CEO & President SCHOTTENSTEIN ROBERT H sold 11734.0 shares on Nov 25 ’24.
