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

Feb 8, 2021

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

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.