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Hovnanian Enterprises Reports Fiscal 2024 First Quarter Results
Globe Newswire (Thu, 22-Feb 9:15 AM ET)
Hovnanian Enterprises Announces First Quarter Fiscal 2024 Earnings Release and Conference Call
Globe Newswire (Thu, 8-Feb 1:00 PM ET)
Glancy Prongay & Murray LLP Announces Investigation of Hovnanian Enterprises, Inc. (HOV)
Business Wire (Fri, 2-Feb 10:46 AM ET)
Hovnanian Enterprises Inc conducts all of its homebuilding and financial services operations . The company designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. It has two distinct operations: homebuilding and financial services. Its homebuilding operations are divided geographically into three segments; Northeast which includes Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia; Southeast which includes Florida, Georgia and South Carolina; and West which includes Arizona, California and Texas. The firm generates maximum revenue from West Segment.
Hovnanian Enterprises Class A trades on the NYSE stock market under the symbol HOV.
As of April 17, 2024, HOV stock price declined to $128.50 with 38,016 million shares trading.
HOV has a beta of 3.53, meaning it tends to be more sensitive to market movements. HOV has a correlation of 0.29 to the broad based SPY ETF.
HOV has a market cap of $783.18 million. This is considered a Small Cap stock.
In the last 3 years, HOV stock traded as high as $183.60 and as low as $33.20.
The top ETF exchange traded funds that HOV belongs to (by Net Assets): VTI, IWM, AVUV, VXF, PKB.
HOV has outperformed the market in the last year with a return of +94.4%, while the SPY ETF gained +22.5%. However, in the most recent history, HOV shares have underperformed the stock market with its stock returning -15.0% in the last 3 month period and -16.6% for the last 2 week period, while SPY has returned +6.3% and -3.6%, respectively.
HOV support price is $127.12 and resistance is $138.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HOV stock will trade within this expected range on the day.