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How to buy Hovnanian Enterprises (HOV) stocks in Canada
Learn how to easily invest in Hovnanian Enterprises stocks.
Hovnanian Enterprises is a residential construction business based in the US. Hovnanian Enterprises stocks (HOV.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $91.35 – a decrease of 0.13% over the previous week. Hovnanian Enterprises employs 1,784 staff and has a trailing 12-month revenue of around $2.8 billion.
How to buy shares in Hovnanian Enterprises
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – HOV – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
Is it a good time to buy Hovnanian Enterprises stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
What's in this guide?
- Can I buy shares in Hovnanian Enterprises?
- Has coronavirus impacted Hovnanian Enterprises shares?
- Hovnanian Enterprises shares summary
- Compare share dealing platforms
- Is Hovnanian Enterprises stock a buy or sell?
- Hovnanian Enterprises performance over time
- Are Hovnanian Enterprises shares over-valued?
- Hovnanian Enterprises's financials
- How volatile are Hovnanian Enterprises shares?
- Does Hovnanian Enterprises pay a dividend?
- Have Hovnanian Enterprises shares ever split?
- Other common questions
How has Coronavirus impacted Hovnanian Enterprises's stock price?
Since the stock market crash in March caused by coronavirus, Hovnanian Enterprises's stock price has had significant positive movement.
Its last market close was $119.86, which is 74.58% up on its pre-crash value of $30.47 and 2,241.02% up on the lowest point reached during the March crash when the stocks fell as low as $5.12.
If you had bought $1,000 worth of Hovnanian Enterprises stocks at the start of February 2020, those stocks would have been worth $296.92 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $5,150.38.
Hovnanian Enterprises stock price (NYSE:HOV)Use our graph to track the performance of HOV stocks over time.
Hovnanian Enterprises shares at a glance
|Latest market close||$119.86|
|52-week range||$35.44 - $146.34|
|50-day moving average||$107.96|
|200-day moving average||$105.46|
|Wall St. target price||$27.00|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$85.82|
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Note: The dollar amounts in the table below are in Canadian dollars.
Hovnanian Enterprises price performance over time
|1 week (2022-01-11)||4.66%|
|1 month (2021-12-17)||4.45%|
|3 months (2021-10-15)||N/A|
|6 months (2021-07-19)||43.54%|
|1 year (2021-01-19)||239.45%|
|2 years (2020-01-17)||342.45%|
|3 years (2019-01-18)||18,354.20%|
|5 years (2017-01-19)||5,580.57%|
Is Hovnanian Enterprises under- or over-valued?
Valuing Hovnanian Enterprises stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Hovnanian Enterprises's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Hovnanian Enterprises's P/E ratio
Hovnanian Enterprises's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 1x. In other words, Hovnanian Enterprises shares trade at around 1x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Hovnanian Enterprises's PEG ratio
Hovnanian Enterprises's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.22. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Hovnanian Enterprises's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Hovnanian Enterprises's EBITDA
Hovnanian Enterprises's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $271.4 million.
The EBITDA is a measure of a Hovnanian Enterprises's overall financial performance and is widely used to measure a its profitability.
Hovnanian Enterprises financials
|Revenue TTM||$2.8 billion|
|Operating margin TTM||9.56%|
|Gross profit TTM||$544.4 million|
|Return on assets TTM||8.02%|
|Return on equity TTM||-9999999%|
|Market capitalisation||$749.7 million|
TTM: trailing 12 months
Hovnanian Enterprises share dividends
We're not expecting Hovnanian Enterprises to pay a dividend over the next 12 months.
Have Hovnanian Enterprises's shares ever split?
Hovnanian Enterprises's shares were split on a 1:25 basis on 28 March 2019. So if you had owned 25 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Hovnanian Enterprises shares – just the quantity. However, indirectly, the new 2400% higher share price could have impacted the market appetite for Hovnanian Enterprises shares which in turn could have impacted Hovnanian Enterprises's share price.
Hovnanian Enterprises share price volatility
Over the last 12 months, Hovnanian Enterprises's shares have ranged in value from as little as $35.44 up to $146.34. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Hovnanian Enterprises's is 2.5119. This would suggest that Hovnanian Enterprises's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Hovnanian Enterprises overview
Hovnanian Enterprises, Inc. engages in the design, construction, marketing, and sale of residential homes in the United States. It offers single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes with amenities, such as clubhouses, swimming pools, tennis courts, tot lots, and open areas. The company markets and builds homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters. It also provides mortgage loans and title insurance services. The company was founded in 1959 and is headquartered in Matawan, New Jersey. .
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