PulteGroup Inc. (PHM) Is A Stock You Should Watch

As of Wednesday close, PulteGroup Inc.’s (NYSE:PHM) stock was up $0.75, moving up 2.02 percent to $37.92. The average number of shares traded per day over the past five days has been 4,333,980 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.96 fall in that time frame. In the last twenty days, the average volume was 2,836,930, while in the previous 50 days, it was 3,035,750.

Since last month, PHM stock retreated -11.28%. Shares of the company fell to $35.03 on 06/17/22, the lowest level in the past month. A 52-week high of $58.09 was reached on 01/13/22 after having rallying from a 52-week low of $35.03. Since the beginning of this year, PHM’s stock price has dropped by -33.66% or -$19.24, and marked a new high 3 times. However, the stock has declined by -34.72% since its 52-week high.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored


PulteGroup Inc. (PHM) last reported insider trading activity 115 days ago on Feb 28. Chadwick John J., the Exec VP & Chief Operating Ofcr of the company, disposed of 15,090 shares for $49.05 on Feb 28. It resulted in a $740,119 divestment by the insider.

Valuation Metrics

Right now, PulteGroup Inc. (PHM) has a P/E ratio of about 4.63. The stock’s beta is 1.37. Besides these, the trailing price-to-sales (P/S) ratio of 0.63, the price-to-book (PB) ratio of 1.26.

The latest dividend of $0.15 per share was paid out, remained unchanged from last year’s $0.15. On Wednesday December 1 2021, a $0.01 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.27, and the total debt-to-equity ratio was 0.33. On the profitability front, the trailing twelve-month gross margin is 27.70% percent. Based on annual data, PHM earned $2.57 billion in gross profit and brought in $13.93 billion in revenue.

In PulteGroup Inc.’s quarter-end financial report for March 30, it reported total debt of $2.43 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PHM’s revenue rose 18.54% to $4.49 billion during the quarter, while net income inched up to $3.19 billion. While analysts expected PulteGroup Inc. to report $1.71 quarterly earnings, the actual figure was $1.83 per share, beating the consensus estimate by 7.00%. During the quarter, the company generated $616.07 million in EBITDA. The value of shareholders’ equity is $237.63 million.

Technical Picture

This quick technical analysis looks at PulteGroup Inc.’s (PHM) price momentum. With a historical volatility rate of 51.75%, the RSI 9-day stood at 32.93% on 22 June.

With respect to its five-day moving average, the current PulteGroup Inc. price is down by -4.91% percent or -$1.96. At present, PHM shares trade -10.63% below its 20-day simple moving average and -24.16% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.76% below its SMA50 and -28.98% below its SMA200.

Stochastic coefficient K was 19.31% and Stochastic coefficient D was 14.12%, while ATR was 1.89. Given the Stochastic reading of 26.79% for the 14-day period, the RSI (14) reading has been calculated as 36.17%. As of today, the MACD Oscillator reading stands at -2.10, while the 14-day reading stands at -4.17.

Analyst Ratings

PulteGroup Inc. downgraded its rating on PulteGroup Inc. (NYSE: PHM) to a Sector perform in a note to investors on June 22, 2022. The analysts firm previously had an Outperform rating on the stock.PulteGroup Inc. (PHM) has been rated Overweight by analysts. According to 0 brokerage firms, PHM is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate PulteGroup Inc. stock as buy, with 8 recommending it as overweight.

With a median target price of $51.00, the current consensus forecast for the stock is $41.00 – $71.00. Based on these forecasts, analysts predict PulteGroup Inc. (PHM) will achieve an average price target of $52.15.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

Related Articles

174452

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

The 5 Best Growth Stocks 2022

100% free. stop anytime no spam