Bollinger Band Analysis Review of Hovnanian Enterprises Inc. (NYSE:HOV)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Hovnanian Enterprises Inc. (NYSE:HOV) for the period of 9-Day stands at 44.87% while the stochastic %D for the same period stands at 50%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Hovnanian Enterprises Inc. (NYSE:HOV) signals “Sell” while other important signals like the 20-Day Moving Average Vs. Price signals “Sell”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Hovnanian Enterprises Inc. (NYSE:HOV) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Hovnanian Enterprises Inc. (NYSE:HOV)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Hovnanian Enterprises, Inc. is one of the nation’s largest homebuilders. The Company’s homes are marketed and sold under the trade names K. Hovnanian Homes, Matzel& Mumford, Brighton Homes, Parkwood Builders, Town & Country Homes, Oster Homes and CraftBuilt Homes. The Company has operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Kentucky, Maryland, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. As the developer of K. Hovnanian’s Four Seasons communities, the Company is also one of the nation’s largest builders of active adult homes.

Previous Day Activity Analysis

On the last trading day, Hovnanian Enterprises Inc. (NYSE:HOV) opened the session at $2.33 and after going down -1.28% closed at $2.31. The stock lost -0.02 points in the last trade.

Hovnanian Enterprises Inc. (NYSE:HOV)’s stock fluctuated in the range of $2.30 and $2.36 during the previous active session. Hovnanian Enterprises Inc. (NYSE:HOV) traded with the volume of 852187 with average volume of 1.4 Million. The stock has LOW volatility on the last trading session.

Currently the Beta for the company remains at 1.9 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.1 and 55.5 respectively.

Currently the Insider Ownership of the shares of Hovnanian Enterprises Inc. (NYSE:HOV) is at 1.7% and the shares outstanding are 150.43 Million.

Important Ratio Analysis

Some important ratios to consider here for Hovnanian Enterprises Inc. (NYSE:HOV) are discussed below:

Price to Earnings P/E ratio stands at 0 while Forward P/E shows the value of 0.

The Price to Sale P/S and Price to Book P/B shows the value of 0.14 and 0 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 1.22 and 1.05 correspondingly.

Return on Assets ROA of Hovnanian Enterprises Inc. (NYSE:HOV) is at -15.2% whereas, Return on Equity ROE and Return of Investment ROI of Hovnanian Enterprises Inc. (NYSE:HOV) stand at 91.7% and 8.7% respectively.

Stock Performance Analysis

The stock performance of Hovnanian Enterprises Inc. (NYSE:HOV) on the basis of 5 day trade show the dip of -2.12% whereas, the monthly performance of the stock shows increase of 2.67%.

The quarterly performance of the stock remained in green zone with the value of 5.48% while six month performance of the shares of Hovnanian Enterprises Inc. (NYSE:HOV) remained bearish with the count of -3.35%.

The yearly and YTD performance of Hovnanian Enterprises Inc. (NYSE:HOV) remained mix at 33.53% and -15.38% respectively.