Stocks Under $10: Hovnanian

Richard Suttmeier |

Hovnanian (HOV) – ($6.11) has been upgraded to Buy from Hold according to ValuEngine with fair value at $4.87, which makes the stock 23.7% overvalued. The one-year price target is $6.40. ValuEngine Profile – “Hovnanian Enterprises, Inc. is one of the nation's largest homebuilders. The Company's homes are marketed and sold under the trade names K. Hovnanian Homes, Matzel & Mumford, Brighton Homes, Parkwood Builders, Town & Country Homes, Oster Homes and CraftBuilt Homes. The Company has operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Kentucky, Maryland, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. As the developer of K. Hovnanian's Four Seasons communities, the Company is also one of the nation's largest builders of active adult homes.”

Analysis – The daily chart for HOV shows declining momentum with the stock above its 21-day, 50-day and 200-day simple moving averages at $6.03, $5.69 and $5.18. My quarterly value level is $3.68 with a semiannual pivot at $6.00, and weekly risky level at $6.19.        

 


Courtesy of Thomson / Reuters

 

Ticker

Company Name

Mkt Price

Fair Value

One-Year Price Target

Last 12-Mon Retn (%)



5-Yr Avg Retn (%)

P/E Ratio

HOV

HOVNANIAN

6.11

4.87

6.40

254.71

-4.94

43.85


DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
HOV Hovnanian Enterprises Inc. Class A 2.39 -0.06 -2.45 602,126 Trade
TRMR Tremor Video Inc. 2.35 0.07 3.07 20,835 Trade

Comments

Emerging Growth

Viking Energy Group Inc

Viking Investments Group Inc provides professional advisory and consulting services to companies undergoing or anticipating periods of rapid growth, change or ownership transition.

Private Markets

Ozobot by Evollve Inc

Ozobot is a world leader in compact super intelligent robots that entertain and educate through fun interactive gaming.

WayBetter

The spark hit Jamie when he saw co-workers competing to lose weight. Instead of pizzas and subs, they were eating salads and jogging along the river. Some were sneakily leaving…