Market cap of The Home Depot Inc. [HD] reaches 315.56B – now what?

The Home Depot Inc. [NYSE: HD] price plunged by -3.96 percent to reach at -$12.81. The company report on January 16, 2023 that A Week of Service: Honoring Dr. Martin Luther King Jr.’s Legacy at The Home Depot.

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The Home Depot

A sum of 5334637 shares traded at recent session while its average daily volume was at 4.05M shares. The Home Depot Inc. shares reached a high of $321.34 and dropped to a low of $310.63 until finishing in the latest session at $310.88.

The one-year HD stock forecast points to a potential upside of 8.98. The average equity rating for HD stock is currently 2.20, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on The Home Depot Inc. [HD]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HD shares is $341.56 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HD stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for The Home Depot Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 20, 2022. While these analysts kept the previous recommendation, Bernstein raised their target price to Mkt Perform. The new note on the price target was released on December 06, 2022, representing the official price target for The Home Depot Inc. stock.

The Average True Range (ATR) for The Home Depot Inc. is set at 8.07, with the Price to Sales ratio for HD stock in the period of the last 12 months amounting to 2.01. The Price to Book ratio for the last quarter was 244.79, with the Price to Cash per share for the same quarter was set at 2.43. Price to Free Cash Flow for HD in the course of the last twelve months was 122.12 with Quick ratio for the last quarter at 0.30.

HD Stock Performance Analysis:

The Home Depot Inc. [HD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.51. With this latest performance, HD shares dropped by -3.85% in over the last four-week period, additionally plugging by 2.84% over the last 6 months – not to mention a drop of -15.23% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HD stock in for the last two-week period is set at 41.25, with the RSI for the last a single of trading hit 34.63, and the three-weeks RSI is set at 45.44 for The Home Depot Inc. [HD]. The present Moving Average for the last 50 days of trading for this stock 318.43, while it was recorded at 324.64 for the last single week of trading, and 299.73 for the last 200 days.

Insight into The Home Depot Inc. Fundamentals:

The Home Depot Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 1.40.

HD Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Home Depot Inc. go to 4.95%.

The Home Depot Inc. [HD] Insider Position Details

There are presently around $219,594 million, or 71.70% of HD stock, in the hands of institutional investors. The top three institutional holders of HD stocks are: VANGUARD GROUP INC with ownership of 94,440,614, which is approximately 1.083% of the company’s market cap and around 0.08% of the total institutional ownership; BLACKROCK INC., holding 71,476,400 shares of the stock with an approximate value of $22.22 billion in HD stocks shares; and STATE STREET CORP, currently with $13.58 billion in HD stock with ownership of nearly -4.844% of the company’s market capitalization.

Positions in The Home Depot Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 1,560 institutional holders increased their position in The Home Depot Inc. [NYSE:HD] by around 22,242,209 shares. Additionally, 1,395 investors decreased positions by around 22,775,348 shares, while 357 investors held positions by with 661,344,572 shares. The mentioned changes placed institutional holdings at 706,362,129 shares, according to the latest SEC report filing. HD stock had 163 new institutional investments in for a total of 4,062,272 shares, while 98 institutional investors sold positions of 1,603,738 shares during the same period.


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