United Homes Group Inc (NASDAQ:UHG) shares, rose in value on Friday, May 09, with the stock price up by 4.65% to the previous day’s close as strong demand from buyers drove the stock to $1.80.
Actively observing the price movement in the last trading, the stock closed the session at $1.72. The PE ratio was 2.26 over 12-month period. Referring to stock’s 52-week performance, its high was $7.80, and the low was $1.60. On the whole, UHG has fluctuated by -32.58% over the past month.
With the market capitalization of United Homes Group Inc currently standing at about $105.49 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that UHG’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 100% Sell.
The stock’s technical analysis shows that the price of UHG currently trading nearly -12.66% and -34.41% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.38, while the 7-day volatility ratio is showing 13.53% which for the 30-day chart, stands at 12.23%. Furthermore, United Homes Group Inc (UHG)’s beta value is 0.96, and its average true range (ATR) is 0.26.
A comparison of United Homes Group Inc (UHG) with its peers suggests the former has fared considerably weaker in the market. UHG showed an intraday change of 4.65% in last session, and over the past year, it shrunk by -73.61%%.
Data on historical trading for United Homes Group Inc (NASDAQ:UHG) indicates that the trading volumes over the past 3 months, they’ve averaged 132.31K. According to company’s latest data on outstanding shares, there are 21.61 million shares outstanding.
Nearly 80.01% of United Homes Group Inc’s shares belong to company insiders and institutional investors own 16.87% of the company’s shares. The stock has fallen by -57.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UHG stock heading into the next quarter.
