Understanding Anywhere Real Estate Inc (NYSE: HOUS)’s Growth Potential

Anywhere Real Estate Inc (NYSE:HOUS) shares, rose in value on Thursday, April 25, with the stock price down by -1.76% to the previous day’s close as strong demand from buyers drove the stock to $5.32.

Actively observing the price movement in the recent trading, the stock is buoying the session at $5.41. Referring to stock’s 52-week performance, its high was $9.43, and the low was $4.09. On the whole, HOUS has fluctuated by -2.30% over the past month.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.91B, with a low estimate of 1.14B and a high estimate of 1.18B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.15B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HOUS’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HOUS currently trading nearly -5.64% and -9.48% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.95, while the 7-day volatility ratio is showing 3.89% which for the 30-day chart, stands at 4.93%. Furthermore, Anywhere Real Estate Inc (HOUS)’s beta value is 2.47, and its average true range (ATR) is 0.33.

A comparison of Anywhere Real Estate Inc (HOUS) with its peers suggests the former has fared considerably weaker in the market. HOUS showed an intraday change of -1.76% in today’s session so far, and over the past year, it shrunk by -8.68%%.

Data on historical trading for Anywhere Real Estate Inc (NYSE:HOUS) indicates that the trading volumes over the past 3 months, they’ve averaged 1.21 million. According to company’s latest data on outstanding shares, there are 110.49 million shares outstanding.

Nearly 5.28% of Anywhere Real Estate Inc’s shares belong to company insiders and institutional investors own 99.89% of the company’s shares. The stock has fallen by -34.46% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HOUS stock heading into the next quarter.

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