LGI Homes (LGIH) has risen sharply, recording gains of 4.15% in the past 4 weeks. However, the stock has corrected -0.53% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.3% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.89% and the 50-Day Moving Average is 1.28%.The 200 Day SMA reached 28.13% LGI Homes, Inc. is up 19.56% in the last 3-month period. Year-to-Date the stock performance stands at 46.44%.
For the current week, the company shares have a recommendation consensus of Buy. LGI Homes (NASDAQ:LGIH): stock was range-bound between the intraday low of $35.605 and the intraday high of $36.5323 after having opened at $36.41 on Fridays session. The stock finally closed in the red at $36.41, a loss of -2.76%. The stock remained in the red for the whole trading day. The total traded volume was 1,200,350 shares. The stock failed to cross $36.5323 in Fridays trading. The stocks closing price on Thursday was $35.63.
LGI Homes, Inc. is a homebuilder. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina and Colorado. The Companys product offerings include entry-level homes sold under its LGI Homes brand, and its move-up homes, which are sold under Terrata Homes brand. Terrata Homes brand delivers move-in ready homes. It manages its homebuilding operations under four segments: Texas division, Southwest division, Southeast division and Florida division. Its Texas division includes Houston, Dallas/Ft. Worth, San Antonio and Austin operations; Southwest division includes Phoenix, Tucson, Albuquerque and Denver operations; Southeast division includes Atlanta and Charlotte operations, and Florida division includes Tampa, Orlando and Fort Myers operations. It has constructed and closed approximately 8,500 homes. It has a total of around 453 completed homes and 578 homes in progress.