Hovnanian Enterprises Inc (HOV) has risen sharply, recording gains of 1.14% in the past 4 weeks. However, the stock has corrected -3.8% in the past 1 week, providing a good buying opportunity on dips. Hovnanian Enterprises Inc (HOV) : During the past 4 weeks, traders have been relatively bearish on Hovnanian Enterprises Inc (HOV), hence the stock is down -1.31% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.21% relative to the S&P 500.
Hovnanian Enterprises Inc (NYSE:HOV): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.74 and $1.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.77, notching a gain of 1.72% for the day. The total traded volume was 615,052 . The stock had closed at $1.74 on the previous day.
The stock has recorded a 20-day Moving Average of 1.12% and the 50-Day Moving Average is 1.86%. Hovnanian Enterprises Inc. is up 13.46% in the last 3-month period. Year-to-Date the stock performance stands at -2.21%.
Hovnanian Enterprises Inc (HOV) : Average target price received by Hovnanian Enterprises Inc (HOV) is $1.88 with an expected standard deviation of $0.18. The most aggressive target on the stock is $2, whereas the most downbeat target is $2. 2 financial analysts are currently covering the stock.
Hovnanian Enterprises, Inc. (Hovnanian) design, construct, market, and sell single-family detached homes, attached townhomes and condominiums, urban infill, and active adult homes in planned residential developments. The Company consists of two distinct operations: homebuilding and financial services. Its homebuilding operations consist of six segments: Northeast, including New Jersey and Pennsylvania; Mid-Atlantic, including Delaware, Maryland, Virginia, West Virginia, and Washington, D.C; Midwest, including Illinois, Minnesota and Ohio; Southeast, including Florida, Georgia, North Carolina and South Carolina; Southwest, including Arizona and Texas, and West, including California. Its financial services operations provide mortgage loans and title services to the customers of its homebuilding operations. During fiscal year ended October 31, 2013 (fiscal 2013), the Company had delivered 5,266 homes.