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The price of MI Homes Inc. (NYSE: MHO) closed at $161.11 in the last session, down -4.56% from day before closing price of $168.80. In other words, the price has decreased by -$4.56 from its previous closing price. On the day, 0.54 million shares were traded. MHO stock price reached its highest trading level at $167.5099 during the session, while it also had its lowest trading level at $160.5201.
Ratios:
We take a closer look at MHO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.46. For the most recent quarter (mrq), Quick Ratio is recorded 1.79 and its Current Ratio is at 6.71. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.28.
On July 24, 2024, Raymond James started tracking the stock assigning a Strong Buy rating and target price of $200.
Wedbush Downgraded its Outperform to Neutral on December 18, 2023, while the target price for the stock was maintained at $116.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 29 ’24 when SCHOTTENSTEIN ROBERT H sold 23,810 shares for $160.00 per share. The transaction valued at 3,809,600 led to the insider holds 92,115 shares of the business.
SCHOTTENSTEIN ROBERT H sold 7,928 shares of MHO for $1,268,480 on Aug 30 ’24. The Chairman, CEO & President now owns 90,187 shares after completing the transaction at $160.00 per share. On Aug 27 ’24, another insider, SCHOTTENSTEIN ROBERT H, who serves as the Officer of the company, bought 7,026 shares for $163.69 each.
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 4416314880 and an Enterprise Value of 4552788480. As of this moment, MI’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.77, and their Forward P/E ratio for the next fiscal year is 7.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.06 while its Price-to-Book (P/B) ratio in mrq is 1.61. Its current Enterprise Value per Revenue stands at 1.09 whereas that against EBITDA is 6.847.
Stock Price History:
Over the past 52 weeks, MHO has reached a high of $173.86, while it has fallen to a 52-week low of $74.79. The 50-Day Moving Average of the stock is 3.22%, while the 200-Day Moving Average is calculated to be 21.58%.
Shares Statistics:
According to the various share statistics, MHO traded on average about 306.84K shares per day over the past 3-months and 596320 shares per day over the past 10 days. A total of 27.76M shares are outstanding, with a floating share count of 26.72M. Insiders hold about 2.51% of the company’s shares, while institutions hold 94.97% stake in the company. Shares short for MHO as of 1724976000 were 1093765 with a Short Ratio of 3.72, compared to 1722384000 on 803797. Therefore, it implies a Short% of Shares Outstanding of 1093765 and a Short% of Float of 5.04.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 0.39.
