For the readers interested in the stock health of Harbor Custom Development Inc. (HCDI). It is currently valued at $3.20. When the transactions were called off in the previous session, Stock hit the highs of $3.5898, after setting-off with the price of $3.20. Company’s stock value dipped to $3.17 during the trading on the day. When the trading was stopped its value was $3.38.
Recently in News on April 29, 2021, Harbor Custom Development, Inc. Contracts to Acquire 31 Acres for $4,750,000 in Austin Metro Housing Market. Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has contracted to acquire 31 acres of commercial property for $4,750,000 in West Horseshoe Bay, Texas, located approximately 53 miles from Austin. You can read further details here
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Harbor Custom Development Inc. shares are logging -61.68% during the 52-week period from high price, and 22.31% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.62 and $8.36.
The company’s shares, operating in the sector of Real Estate managed to top a trading volume set approximately around 1507829 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Harbor Custom Development Inc. (HCDI) recorded performance in the market was -22.48%, having the revenues showcasing -3.43% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 48.67M, as it employees total of 40 workers.
Specialists analysis on Harbor Custom Development Inc. (HCDI)
During the last month, 0 analysts gave the Harbor Custom Development Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 3.48, with a change in the price was noted -1.57. In a similar fashion, Harbor Custom Development Inc. posted a movement of -32.44% for the period of last 100 days, recording 875,895 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for HCDI is recording 2.96 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.71.
Trends and Technical analysis: Harbor Custom Development Inc. (HCDI)
Raw Stochastic average of Harbor Custom Development Inc. in the period of last 50 days is set at 62.50%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 50.11%. In the last 20 days, the company’s Stochastic %K was 60.79% and its Stochastic %D was recorded 63.71%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -22.48%. The shares increased approximately by 1.81% in the 7-day charts and went down by 7.99% in the period of the last 30 days. Common stock shares were lifted by -3.43% during last recorded quarter.