LGIH Stock Summary and Trading Ideas (Lgi Homes | NASDAQ:LGIH)

LGI Homes Inc is engaged in the design, construction, and sale of new homes in markets. The company current product offerings include entry-level homes, including both detached homes and townhomes, and move-up homes sold, which are sold under LGI Homes brand, and luxury series homes, which are sold under the Terrata Homes brand. It offers a set number of floor plans in each community with features that include upgrades, such as granite countertops, appliances, and ceramic tile flooring. They have seven operating segments ( Central, Midwest, Southeast, Mid-Atlantic, Northwest, West and Florida divisions) that it aggregates into five qualifying reportable segment. Majority of the revenue is generated from Central division segment.

Lgi Homes trades on the NASDAQ stock market under the symbol LGIH.

As of April 18, 2024, LGIH stock price climbed to $93.43 with 293,131 million shares trading.

LGIH has a beta of 2.74, meaning it tends to be more sensitive to market movements. LGIH has a correlation of 0.48 to the broad based SPY ETF.

LGIH has a market cap of $2.20 billion. This is considered a Mid Cap stock.

Last quarter Lgi Homes reported $608 million in Revenue and $2.19 earnings per share. This fell short of revenue expectation by $-45 million and missed earnings estimates by -$.35.

In the last 3 years, LGIH stock traded as high as $188.00 and as low as $71.73.

The top ETF exchange traded funds that LGIH belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.

LGIH has underperformed the market in the last year with a price return of -16.0% while the SPY ETF gained +22.3%. LGIH has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -22.8% and -12.7%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

LGIH support price is $89.83 and resistance is $95.42 (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 LGIH stock will trade within this expected range on the day.