In the past week, HD stock has gone up by 1.16%, with a monthly gain of 6.14% and a quarterly plunge of -10.10%. The volatility ratio for the week is 1.55%, and the volatility levels for the last 30 days are 1.60% for Home Depot, Inc. The simple moving average for the past 20 days is 4.20% for HD’s stock, with a 4.34% simple moving average for the past 200 days.
Is It Worth Investing in Home Depot, Inc. (NYSE: HD) Right Now?
Home Depot, Inc. (NYSE: HD) has a higher price-to-earnings ratio of 23.54x compared to its average ratio, The 36-month beta value for HD is at 0.99. Analysts have varying views on the stock, with 12 analysts rating it as a “buy,” 12 rating it as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for HD is 991.00M, and currently, shorts hold a 0.88% of that float. The average trading volume for HD on June 25, 2024 was 3.64M shares.
HD) stock’s latest price update
The stock price of Home Depot, Inc. (NYSE: HD) has dropped by -1.38 compared to previous close of 355.80. Despite this, the company has seen a gain of 1.16% in its stock price over the last five trading days. youtube.com reported 2024-06-24 that Former Home Depot CEO and Chair Bob Nardelli joins ‘The Evening Edit’ to discuss voters weighing former President Trump and President Biden’s records ahead of November. https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video.foxbusiness.com Watch Fox Business Network Live: http://www.foxnewsgo.com/ FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street.
Analysts’ Opinion of HD
Many brokerage firms have already submitted their reports for HD stocks, with Telsey Advisory Group repeating the rating for HD by listing it as a “Market Perform.” The predicted price for HD in the upcoming period, according to Telsey Advisory Group is $360 based on the research report published on April 01, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see HD reach a price target of $415. The rating they have provided for HD stocks is “Buy” according to the report published on March 19th, 2024.
HSBC Securities gave a rating of “Reduce” to HD, setting the target price at $323 in the report published on February 21st of the current year.
HD Trading at 3.85% from the 50-Day Moving Average
After a stumble in the market that brought HD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.59% of loss for the given period.
Volatility was left at 1.60%, however, over the last 30 days, the volatility rate increased by 1.55%, as shares surge +7.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.01% upper at present.
During the last 5 trading sessions, HD rose by +1.16%, which changed the moving average for the period of 200-days by +7.63% in comparison to the 20-day moving average, which settled at $337.95. In addition, Home Depot, Inc. saw 1.25% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HD starting from Carey Matt, who sale 56,008 shares at the price of $345.18 back on May 16 ’24. After this action, Carey Matt now owns 33,325 shares of Home Depot, Inc., valued at $19,332,587 using the latest closing price.
Siddiqui Fahim, the EVP and CIO of Home Depot, Inc., sale 3,000 shares at $343.79 during a trade that took place back on May 16 ’24, which means that Siddiqui Fahim is holding 8,155 shares at $1,031,370 based on the most recent closing price.
Stock Fundamentals for HD
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.33 for the gross margin
The net margin for Home Depot, Inc. stands at 0.1. The total capital return value is set at 0.39. Equity return is now at value 1362.97, with 19.11 for asset returns.
Based on Home Depot, Inc. (HD), the company’s capital structure generated 0.96 points at debt to capital in total, while cash flow to debt ratio is standing at 0.51. The debt to equity ratio resting at 22.5. The interest coverage ratio of the stock is 10.86.
Currently, EBITDA for the company is 24.94 billion with net debt to EBITDA at 1.91. When we switch over and look at the enterprise to sales, we see a ratio of 2.6. The receivables turnover for the company is 36.99for trailing twelve months and the total asset turnover is 1.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.
Conclusion
In conclusion, Home Depot, Inc. (HD) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
