Closing Figures Unveiled: MI Homes Inc (MHO) Drop -3.53, Closes at 136.40

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MI Homes Inc (NYSE: MHO) closed the day trading at $136.40 down -3.53% from the previous closing price of $141.39. In other words, the price has decreased by -$3.53 from its previous closing price. On the day, 0.5 million shares were traded. MHO stock price reached its highest trading level at $142.717 during the session, while it also had its lowest trading level at $136.21.

Ratios:

For a better understanding of MHO, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.20. For the most recent quarter (mrq), Quick Ratio is recorded 1.63 and its Current Ratio is at 6.93. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.27.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wedbush on November 04, 2024, Upgraded its rating to Outperform and sets its target price to $185 from $155 previously.

On July 24, 2024, Raymond James started tracking the stock assigning a Strong Buy rating and target price of $200.Raymond James initiated its Strong Buy rating on July 24, 2024, with a $200 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 25 ’24 when SCHOTTENSTEIN ROBERT H sold 3,342 shares for $171.58 per share. The transaction valued at 573,404 led to the insider holds 312,242 shares of the business.

SCHOTTENSTEIN ROBERT H sold 4,838 shares of MHO for $828,691 on Nov 25 ’24. The Chairman, CEO & President now owns 315,584 shares after completing the transaction at $171.29 per share. On Nov 25 ’24, another insider, SCHOTTENSTEIN ROBERT H, who serves as the Chairman, CEO & President of the company, sold 11,734 shares for $171.07 each. As a result, the insider received 2,007,351 and left with 320,422 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MHO now has a Market Capitalization of 3710775552 and an Enterprise Value of 4110289664. As of this moment, MI’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.31, and their Forward P/E ratio for the next fiscal year is 6.68. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.87 while its Price-to-Book (P/B) ratio in mrq is 1.30. Its current Enterprise Value per Revenue stands at 0.962 whereas that against EBITDA is 6.096.

Stock Price History:

Over the past 52 weeks, MHO has reached a high of $176.18, while it has fallen to a 52-week low of $109.92. The 50-Day Moving Average of the stock is -14.45%, while the 200-Day Moving Average is calculated to be -4.55%.

Shares Statistics:

Over the past 3-months, MHO traded about 301.67K shares per day on average, while over the past 10 days, MHO traded about 294080 shares per day. A total of 27.21M shares are outstanding, with a floating share count of 26.75M. Insiders hold about 1.67% of the company’s shares, while institutions hold 96.91% stake in the company. Shares short for MHO as of 1732838400 were 1077282 with a Short Ratio of 3.57, compared to 1730332800 on 1015409. Therefore, it implies a Short% of Shares Outstanding of 1077282 and a Short% of Float of 5.0200000000000005.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 0.39.

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