Lennar Corp. (NYSE:LEN) price closed lower on Tuesday, April 16, dropping -2.27% below its previous close.
A look at the daily price movement shows that the last close reads $156.12. The company’s 5Y monthly beta was ticking 1.53 while its P/E ratio in the trailing 12-month period read 10.69. Taking into account the 52-week price action we note that the stock hit a 52-week high of $172.59 and 52-week low of $102.90. The stock subtracted -2.55% on its value in the past month.
Lennar Corp., which has a market valuation of $42.47 billion, is expected to release its quarterly earnings report Jun 12, 2024 – Jun 17, 2024. The company stock has a Forward Dividend ratio of 1.62, while the dividend yield is 1.07%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give LEN a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 17.81. The overview shows that LEN’s price is at present -6.77% off the SMA20 and -4.22% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 38.75, with weekly volatility standing at 2.65%. The indicator jumps to 2.29% when calculated based on the past 30 days. Lennar Corp. (NYSE:LEN)’s beta value is holding at 1.54, while the average true range (ATR) indicator is currently reading 4.55.
An analysis of the Lennar Corp. (NYSE:LEN) stock in terms of its daily trading volume indicates that the 3-month average is 2.11 million.
Current records show that the company has 247.27M in outstanding shares. The insiders’ percentage holdings are 14.08% of outstanding shares while the percentage share held by institutions stands at 84.10%. But the 2.38% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
