Is Hovnanian Enterprises Stock a Good Investment?
Hovnanian Enterprises Investment Advice | HOV |
- Examine Hovnanian Enterprises' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Hovnanian Enterprises' leadership team and their track record. Good management can help Hovnanian Enterprises navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Household Durables space and any emerging trends that could impact Hovnanian Enterprises' business and its evolving consumer preferences.
- Compare Hovnanian Enterprises' performance and market position to its competitors. Analyze how Hovnanian Enterprises is positioned in terms of product offerings, innovation, and market share.
- Check if Hovnanian Enterprises pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Hovnanian Enterprises' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Hovnanian Enterprises stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Hovnanian Enterprises is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Mild | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine Hovnanian Enterprises Stock
Researching Hovnanian Enterprises' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 63.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 1.08. Some equities with similar Price to Book (P/B) outperform the market in the long run. Hovnanian Enterprises has Price/Earnings To Growth (PEG) ratio of 1.22. The entity recorded earning per share (EPS) of 20.58. The firm last dividend was issued on the 29th of March 2019. Hovnanian Enterprises had 1:25 split on the 29th of March 2019.
To determine if Hovnanian Enterprises is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Hovnanian Enterprises' research are outlined below:
| Hovnanian Enterprises had very high historical volatility over the last 90 days | |
| About 63.0% of the company shares are owned by institutional investors |
Hovnanian Enterprises uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Hovnanian Enterprises. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Hovnanian Enterprises' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 27th of February 2024 Upcoming Quarterly Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View |
Hovnanian Enterprises' market capitalization trends
The company currently falls under 'Small-Cap' category with a total capitalization of 659.48 M.Hovnanian Enterprises' profitablity analysis
The company has Net Profit Margin of 0.05 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.04 %, which entails that for every 100 dollars of revenue, it generated $0.04 of operating income.Determining Hovnanian Enterprises' profitability involves analyzing its financial statements and using various financial metrics to determine if Hovnanian Enterprises is a good buy. For example, gross profit margin measures Hovnanian Enterprises' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Hovnanian Enterprises' profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Hovnanian Enterprises' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Hovnanian Enterprises. Check Hovnanian Enterprises' Beneish M Score to see the likelihood of Hovnanian Enterprises' management manipulating its earnings.
Basic technical analysis of Hovnanian Stock
As of the 4th of October, Hovnanian Enterprises retains the Downside Deviation of 3.81, risk adjusted performance of 0.0603, and Market Risk Adjusted Performance of 0.104. Hovnanian Enterprises technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Please check out Hovnanian Enterprises information ratio and downside variance to decide if Hovnanian Enterprises is priced fairly, providing market reflects its last-minute price of 131.2 per share. Given that Hovnanian Enterprises has jensen alpha of 0.0969, we strongly advise you to confirm Hovnanian Enterprises's regular market performance to make sure the company can sustain itself at a future point.Hovnanian Enterprises' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Hovnanian Enterprises insiders, such as employees or executives, is commonly permitted as long as it does not rely on Hovnanian Enterprises' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Hovnanian Enterprises insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Hovnanian Enterprises' Outstanding Corporate Bonds
Hovnanian Enterprises issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Hovnanian Enterprises uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Hovnanian bonds can be classified according to their maturity, which is the date when Hovnanian Enterprises has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand Hovnanian Enterprises' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Hovnanian Enterprises' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0603 | |||
| Market Risk Adjusted Performance | 0.104 | |||
| Mean Deviation | 2.75 | |||
| Semi Deviation | 3.57 | |||
| Downside Deviation | 3.81 | |||
| Coefficient Of Variation | 1156.27 | |||
| Standard Deviation | 4.06 | |||
| Variance | 16.49 | |||
| Information Ratio | 0.0674 | |||
| Jensen Alpha | 0.0969 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0718 | |||
| Treynor Ratio | 0.094 | |||
| Maximum Drawdown | 24.75 | |||
| Value At Risk | (5.59) | |||
| Potential Upside | 7.74 | |||
| Downside Variance | 14.54 | |||
| Semi Variance | 12.72 | |||
| Expected Short fall | (2.86) | |||
| Skewness | 0.4775 | |||
| Kurtosis | 2.17 |
| Risk Adjusted Performance | 0.0603 | |||
| Market Risk Adjusted Performance | 0.104 | |||
| Mean Deviation | 2.75 | |||
| Semi Deviation | 3.57 | |||
| Downside Deviation | 3.81 | |||
| Coefficient Of Variation | 1156.27 | |||
| Standard Deviation | 4.06 | |||
| Variance | 16.49 | |||
| Information Ratio | 0.0674 | |||
| Jensen Alpha | 0.0969 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0718 | |||
| Treynor Ratio | 0.094 | |||
| Maximum Drawdown | 24.75 | |||
| Value At Risk | (5.59) | |||
| Potential Upside | 7.74 | |||
| Downside Variance | 14.54 | |||
| Semi Variance | 12.72 | |||
| Expected Short fall | (2.86) | |||
| Skewness | 0.4775 | |||
| Kurtosis | 2.17 |
Consider Hovnanian Enterprises' intraday indicators
Hovnanian Enterprises intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Hovnanian Enterprises stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Hovnanian Enterprises time-series forecasting models is one of many Hovnanian Enterprises' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Hovnanian Enterprises' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.
Hovnanian Stock media impact
There is far too much social signal, news, headlines, and media speculation about Hovnanian Enterprises that are available to investors today. This information is accessible both publicly - through Hovnanian Enterprises' media outlets and privately, via word of mouth or internal channels. However, regardless of the source, the sheer volume of Hovnanian-related data is difficult to distill into actionable insights, especially for investors who are not well-versed in the rapidly evolving tools and techniques of investment management.
A primary focus of Hovnanian Enterprises news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Hovnanian Enterprises relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Hovnanian Enterprises' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Hovnanian Enterprises alpha.
Hovnanian Enterprises Corporate Directors
| Robin Sellers | Independent Director | Profile | |
| Vincent Pagano | Independent Director | Profile | |
| Larry Sorsby | CFO, Executive VP and Director | Profile | |
| Edward Kangas | Independent Director | Profile |
Additional Tools for Hovnanian Stock Analysis
When running Hovnanian Enterprises' price analysis, check to measure Hovnanian Enterprises' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hovnanian Enterprises is operating at the current time. Most of Hovnanian Enterprises' value examination focuses on studying past and present price action to predict the probability of Hovnanian Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hovnanian Enterprises' price. Additionally, you may evaluate how the addition of Hovnanian Enterprises to your portfolios can decrease your overall portfolio volatility.