Hovnanian Enterprises Inc. Class A Shares Close the Week 25.4% Higher – Weekly Wrap

Hovnanian Enterprises Inc. Class A shares closed this week 25.4% higher than it did at the end of last week. The stock is currently up 55.7% year-to-date, up 69.4% over the past 12 months, and up 32.9% over the past five years. This week, the Dow Jones Industrial Average fell 3.3%, and the S&P 500 fell 3.3%.

Trading Activity

  • Shares traded as high as $54.83 and as low as $40.55 this week.
  • Shares closed 0% below its 52-week high and 8e+2% above its 52-week low.
  • Trading volume this week was 60.1% higher than the 10-day average and 125.3% higher than the 30-day average.
  • Beta, a measure of the stock’s volatility relative to the overall market stands at 2.1.

Technical Indicators

  • The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
  • MACD, a trend-following momentum indicator, indicates a downward trend.
  • The stock closed above its Bollinger band, indicating it may be overbought.
  • The stock closed at 9.7% higher than its 5-day moving average, 36.9% higher than its 20-day moving average, and 42.0% higher than its 90-day moving average.

Market Comparative Performance

  • The company’s share price beats the S&P 500 Index this week, beats it on a 1-year basis, and lags it on a 5-year basis
  • The company’s share price beats the Dow Jones Industrial Average this week, beats it on a 1-year basis, and lags it on a 5-year basis
  • The company share price beats the performance of its peers in the Consumer Discretionary industry sector this week, beats it on a 1-year basis, and lags it on a 5 year basis

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Per Group Comparative Performance

  • The company’s stock priceperformance year-to-date beats the peer average by 451.9%
  • The company’s stock price performance over the past 12 months beats the peer average by 357.1%
  • The company’s price-to-earnings ratio, which relates a company’s share price to its earnings per share, is -51.8% lower than the average peer.

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