Home Depot, Inc. [NYSE: HD] loss -1.51% or -5.63 points to close at $367.06 with a heavy trading volume of 2294134 shares.
The daily chart for HD points out that the company has recorded -3.56% loss over the past six months.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
If we look at the average trading volume of 3.46M shares, HD reached to a volume of 2294134 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $383.27 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 2.03. 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.
Jefferies have made an estimate for Home Depot, Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 16, 2024. While these analysts kept the previous recommendation, DA Davidson raised their target price from $352 to $395. The new note on the price target was released on June 26, 2024, representing the official price target for Home Depot, Inc. stock. Previously, the target price had yet another raise from $335 to $360, while Telsey Advisory Group kept a Market Perform rating on HD stock.
The Average True Range (ATR) for Home Depot, Inc. is set at 7.52, with the Price to Sales ratio for HD stock in the period of the last 12 months amounting to 2.40. The Price to Book ratio for the last quarter was 82.46, with the Price to Cash per share for the same quarter was set at 1.62. Price to Free Cash Flow for HD in the course of the last twelve months was 21.73 with Quick ratio for the last quarter at 0.33.
Trading performance analysis for HD stock
Home Depot, Inc. [HD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.47. With this latest performance, HD shares dropped by -0.30% in over the last four-week period, additionally sinking by -3.56% over the last 6 months – not to mention a rise of 11.44% 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 55.14, with the RSI for the last a single of trading hit 53.56, and the three-weeks RSI is set at 55.26 for Home Depot, Inc. [HD]. The present Moving Average for the last 50 days of trading for this stock 355.36, while it was recorded at 372.53 for the last single week of trading, and 349.57 for the last 200 days.
Home Depot, Inc. [HD]: A deeper dive into fundamental analysis
Home Depot, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.33 and a Current Ratio set at 1.15.
Home Depot, Inc. [HD]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Home Depot, Inc. posted 3.81/share EPS, while the average EPS was predicted by analysts to be reported at 3.76/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. 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 Home Depot, Inc. go to 3.80%.
An analysis of Institutional ownership at Home Depot, Inc. [HD]
There are presently around $72.19%, or 72.23%% of HD stock, in the hands of institutional investors. The top three institutional holders of HD stocks are: VANGUARD GROUP INC with ownership of 94.15 million shares, which is approximately 9.5193%. BLACKROCK INC., holding 71.15 million shares of the stock with an approximate value of $$24.49 billion in HD stocks shares; and BLACKROCK INC., currently with $$15.97 billion in HD stock with ownership which is approximately 4.6912%.
