KB Home (NYSE: KBH): Reassessing Prospects

KB Home (KBH) concluded trading on Thursday at a closing price of $79.90, with 3.85 million shares of worth about $307.93 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 33.12% during that period and on July 18, 2024 the price saw a loss of about -1.02%. Currently the company’s common shares owned by public are about 75.87M shares, out of which, 72.68M shares are available for trading.

Stock saw a price change of 8.28% in past 5 days and over the past one month there was a price change of 14.93%. Year-to-date (YTD), KBH shares are showing a performance of 27.92% which increased to 45.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $42.11 but also hit the highest price of $82.79 during that period. The average intraday trading volume for KB Home shares is 1.38 million. The stock is currently trading 13.12% above its 20-day simple moving average (SMA20), while that difference is up 13.61% for SMA50 and it goes to 29.71% higher than SMA200.

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KB Home (NYSE: KBH) currently have 75.87M outstanding shares and institutions hold larger chunk of about 95.90% of that.

The stock has a current market capitalization of $6.01B and its 3Y-monthly beta is at 1.81. PE ratio of stock for trailing 12 months is 10.57, while it has posted earnings per share of $7.56 in the same period. Its PEG reads 0.98 and has Quick Ratio of 0.97 while making debt-to-equity ratio of 0.43. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KBH, volatility over the week remained 4.07% while standing at 3.15% over the month.

Stock’s fiscal year EPS is expected to rise by 18.78% while it is estimated to increase by 6.03% in next year. EPS is likely to shrink at an annualized rate of 10.75% for next 5-years, compared to annual growth of 32.69% made by the stock over the past 5-years.

Coverage by Deutsche Bank stated KB Home (KBH) stock as a Sell in their note to investors on December 08, 2023, suggesting a price target of $46 for the stock. On November 20, 2023, Wedbush Downgrade their recommendations, while on November 02, 2023, Seaport Research Partners Upgrade their ratings for the stock with a price target of $58. Stock get an Equal weight rating from Wells Fargo on October 17, 2023.

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