MDC Stock Summary and Trading Ideas (M.D.C. Holdings | NYSE:MDC)

M.D.C. Holdings Inc is an American holding company that operates home construction, mortgage, insurance, and title companies. The company focuses on single-family and residential communities via its Richmond American Homes brand in Arizona, California, Colorado, Florida, Virginia, Nevada, Utah, and Washington. MDC Holdings constructs homes for first-time and move-up homebuyers. Its segments include Homebuilding and Financial Services. Its Home construction in Colorado, California, Washington, and Arizona derive most of the company's homebuilding revenue, followed by Utah, and Virginia.

M.D.C. Holdings trades on the NYSE stock market under the symbol MDC.

As of April 17, 2024, MDC stock price declined to $62.95 with 2,099,699 million shares trading.

MDC has a beta of 1.97, meaning it tends to be more sensitive to market movements. MDC has a correlation of 0.42 to the broad based SPY ETF.

MDC has a market cap of $4.72 billion. This is considered a Mid Cap stock.

Last quarter M.D.C. Holdings reported $1 billion in Revenue and $1.56 earnings per share. This beat revenue expectation by $56 million and exceeded earnings estimates by $.07.

In the last 3 years, MDC stock traded as high as $63.86 and as low as $27.04.

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

MDC has outperformed the market in the last year with a price return of +69.9% while the SPY ETF gained +22.5%. MDC has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +19.6% and 0.0%, respectively, while the SPY returned +6.3% and -3.6%, respectively.

MDC support price is $62.90 and resistance is $63.02 (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 MDC stock will trade within this expected range on the day.