Currently, there are 36.40M common shares owned by the public and among those 22.52M shares have been available to trade.
The company’s stock has a 5-day price change of 94.31% and 37.10% over the past three months. LSEA shares are trading 32.74% year to date (YTD), with the 12-month market performance up to 13.15% higher. It has a 12-month low price of $5.41 and touched a high of $14.04 over the same period. LSEA has an average intraday trading volume of 336.88K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 77.14%, 71.66%, and 19.22% respectively.
Institutional ownership of Landsea Homes Corporation (NASDAQ: LSEA) shares accounts for 65.14% of the company’s 36.40M shares outstanding.
It has a market capitalization of $410.33M and a beta (3y monthly) value of 1.65. The stock’s trailing 12-month PE ratio is 42.15, while the earnings-per-share (ttm) stands at $0.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.98% over the week and 6.13% over the month.
Earnings per share for the fiscal year are expected to decrease by -24.95%, and 56.68% over the next financial year.
Looking at the support for the LSEA, a number of firms have released research notes about the stock. Oppenheimer stated their Outperform rating for the stock in a research note on May 31, 2024, with the firm’s price target at $14. Wedbush coverage for the Landsea Homes Corporation (LSEA) stock in a research note released on June 23, 2023 offered a Neutral rating with a price target of $16. BTIG Research was of a view on September 15, 2022 that the stock is Neutral, while Barclays gave the stock Equal Weight rating on February 05, 2021, issuing a price target of $11.
