LEGH Stock Summary and Trading Ideas (Legacy Housing | NASDAQ:LEGH)

Legacy Housing Corp builds, sell, and finance manufactured homes and tiny houses that are distributed through a network of independent retailers and company-owned stores and also sold directly to manufactured home communities. The company also provides financing options to customers to facilitate the sale of homes.

Legacy Housing trades on the NASDAQ stock market under the symbol LEGH.

As of April 19, 2024, LEGH stock price climbed to $19.99 with 100,842 million shares trading.

LEGH has a beta of 0.96, meaning it tends to be less sensitive to market movements. LEGH has a correlation of 0.08 to the broad based SPY ETF.

LEGH has a market cap of $487.36 million. This is considered a Small Cap stock.

Last quarter Legacy Housing reported $34 million in Revenue and $.34 earnings per share. This fell short of revenue expectation by $-27 million and missed earnings estimates by -$.37.

In the last 3 years, LEGH stock traded as high as $28.84 and as low as $11.96.

The top ETF exchange traded funds that LEGH belongs to (by Net Assets): VTI, IWM, AVUV, IWN, VXF.

LEGH has underperformed the market in the last year with a price return of -5.8% while the SPY ETF gained +21.2%. LEGH has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -13.2% and -4.2%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

LEGH support price is $19.13 and resistance is $20.05 (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 LEGH stock will trade within this expected range on the day.