On Tuesday, MI Homes Inc. (NYSE: MHO) opened lower -4.24% from the last session, before settling in for the closing price of $160.24. Price fluctuations for MHO have ranged from $80.51 to $176.18 over the past 52 weeks.
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Consumer Cyclical Sector giant saw their annual sales surged by 12.40% over the last five years. Company’s average yearly earnings per share was noted 21.91% at the time writing. With a float of $26.72 million, this company’s outstanding shares have now reached $27.76 million.
The firm has a total of 1607 workers. Let’s measure their productivity. In terms of profitability, gross margin is 26.79%, operating margin of 15.86%, and the pretax margin is 16.53%.
MI Homes Inc. (MHO) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Residential Construction industry is another important factor to consider. The insider ownership of MI Homes Inc. is 2.53%, while institutional ownership is 95.93%. The most recent insider transaction that took place on Aug 29 ’24, was worth 3,809,600. In this transaction Chairman, CEO & President of this company sold 23,810 shares at a rate of $160.00, taking the stock ownership to the 92,115 shares. Before that another transaction happened on Aug 30 ’24, when Company’s Chairman, CEO & President sold 7,928 for $160.00, making the entire transaction worth $1,268,480. This insider now owns 90,187 shares in total.
MI Homes Inc. (MHO) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 4.82 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 4.27) by 0.55. Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.93 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 21.91% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.50% during the next five years compared to 34.34% growth over the previous five years of trading.
MI Homes Inc. (NYSE: MHO) Trading Performance Indicators
Check out the current performance indicators for MI Homes Inc. (MHO). In the past quarter, the stock posted a quick ratio of 1.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.01. Likewise, its price to free cash flow for the trailing twelve months is 15.68.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 18.38, a number that is poised to hit 4.94 in the next quarter and is forecasted to reach 20.76 in one year’s time.
Technical Analysis of MI Homes Inc. (MHO)
Analysing the last 5-days average volume posted by the [MI Homes Inc., MHO], we can find that recorded value of 0.26 million was lower than the volume posted last year of 0.28 million. As of the previous 9 days, the stock’s Stochastic %D was 18.61%. Additionally, its Average True Range was 6.10.
During the past 100 days, MI Homes Inc.’s (MHO) raw stochastic average was set at 62.67%, which indicates a significant increase from 25.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.18% in the past 14 days, which was higher than the 41.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $162.84, while its 200-day Moving Average is $137.20. Now, the first resistance to watch is $156.25. This is followed by the second major resistance level at $159.05. The third major resistance level sits at $164.35. If the price goes on to break the first support level at $148.15, it is likely to go to the next support level at $142.85. Now, if the price goes above the second support level, the third support stands at $140.05.
MI Homes Inc. (NYSE: MHO) Key Stats
There are currently 27,752K shares outstanding in the company with a market cap of 4.21 billion. Presently, the company’s annual sales total 4,034 M according to its annual income of 465,370 K. Last quarter, the company’s sales amounted to 1,110 M and its income totaled 146,750 K.
