$934.25K in average volume shows that Meritage Homes Corp (MTH) is heading in the right direction

On Tuesday, Meritage Homes Corp (NYSE: MTH) was 1.59% up from the session before settling in for the closing price of $76.16. A 52-week range for MTH has been $73.05 – $106.99.

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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 12.22%. When this article was written, the company’s average yearly earnings per share was at -11.50%. With a float of $70.59 million, this company’s outstanding shares have now reached $72.36 million.

Let’s determine the extent of company efficiency that accounts for 1838 employees. In terms of profitability, gross margin is 25.01%, operating margin of 16.56%, and the pretax margin is 15.72%.

Meritage Homes Corp (MTH) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Meritage Homes Corp stocks. The insider ownership of Meritage Homes Corp is 2.44%, while institutional ownership is 100.36%. The most recent insider transaction that took place on Aug 23 ’24, was worth 1,000,000. In this transaction Director of this company sold 5,000 shares at a rate of $200.00, taking the stock ownership to the 22,750 shares. Before that another transaction happened on Aug 23 ’24, when Company’s Officer proposed sale 5,000 for $199.86, making the entire transaction worth $999,280.

Meritage Homes Corp (MTH) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.51 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -11.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.23% during the next five years compared to 27.28% growth over the previous five years of trading.

Meritage Homes Corp (NYSE: MTH) Trading Performance Indicators

You can see what Meritage Homes Corp (MTH) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.32. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.88.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 10.71, a number that is poised to hit 1.77 in the next quarter and is forecasted to reach 10.81 in one year’s time.

Technical Analysis of Meritage Homes Corp (MTH)

Looking closely at Meritage Homes Corp (NYSE: MTH), its last 5-days average volume was 1.4 million, which is a jump from its year-to-date volume of 1.04 million. As of the previous 9 days, the stock’s Stochastic %D was 16.83%. Additionally, its Average True Range was 2.92.

During the past 100 days, Meritage Homes Corp’s (MTH) raw stochastic average was set at 12.73%, which indicates a significant decrease from 27.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.18% in the past 14 days, which was lower than the 35.01% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $83.08, while its 200-day Moving Average is $89.34. However, in the short run, Meritage Homes Corp’s stock first resistance to watch stands at $78.70. Second resistance stands at $80.03. The third major resistance level sits at $81.61. If the price goes on to break the first support level at $75.79, it is likely to go to the next support level at $74.21. Should the price break the second support level, the third support level stands at $72.88.

Meritage Homes Corp (NYSE: MTH) Key Stats

There are 72,359K outstanding shares of the company, which has a market capitalization of 5.60 billion. As of now, sales total 6,395 M while income totals 786,190 K. Its latest quarter income was 1,622 M while its last quarter net income were 172,650 K.