Hovnanian Enterprises Inc (HOV) has been under a strong bear grip, hence the stock is down -1.42% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.94% in the past 1 week. The stock has risen by 2.26% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.63% in the past 4 weeks.
The shares have received a consensus rating of Sell for the current week The stock has recorded a twenty day Moving Average of 2.14% and the fifty day Moving Average is 3.69%. Hovnanian Enterprises Inc. has dropped 3.72% during the last three month period . Year-to-Date the stock performance stands at 0%.
Hovnanian Enterprises Inc (HOV) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $2 and the lowest price target forecast is $2. The average forecast of all the analysts is $1.88 and the expected standard deviation is $0.18.
Hovnanian Enterprises Inc (NYSE:HOV): On Fridays trading session , Opening price of the stock was $1.8 with an intraday high of $1.85. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $1.79. However, the stock managed to close at $1.81, a loss of 0.55% for the day. On the previous day, the stock had closed at $1.82. The total traded volume of the day was 1,019,774 shares.
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.