Do Investors Have Much Faith In Home Depot, Inc. (NYSE: HD)

Home Depot, Inc. (NYSE:HD) does about 3.65M shares in volume on a normal day but saw 3337033 shares change hands in Friday trading. The company now has a market cap of 331.77B USD. Its current market price is $334.58, marking an increase of 0.28% compared to the previous close of $333.64. The 52 week high reached by this stock is $396.87 whilst the lowest price level in 52 weeks is $274.26.

Home Depot, Inc. (HD) has a 20-day trading average at $341.70 and the current price is -15.70% off the 52-week high compared with 21.99% distance from its 52-week low. The 50-day simple moving average of the closing price is $338.20 and its 200-day simple moving average is $336.90. If we look at the stock’s price movements over the week, volatility stands at 1.70%, which increases to 1.75% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.91 to suggest the stock is neutral.

The consensus objective for the share price is $380.76, suggesting that the stock has a potential upside of 12.13% over the period.

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The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 26, 2024 when DA Davidson upgraded the stock to “Buy” and issued a price target of between $352 and $395. Mizuho initiated its price target at $415.

Home Depot, Inc. (HD) stock is down -2.02% over the week and 1.93% over the past month. Its price is -3.45% year-to-date and 7.65% over the past year.

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To reach the target analysts have set, the stock logically needs to grow 12.13 percent from here.

The company has a return on investment of 29.16% and return on equity of 1362.97%. The price to earnings ratio (P/E ratio) amounts to 22.45 while the forward price to earnings ratio is 20.69. The beta has a value of 0.99. Price to book ratio is 182.36 and price to sales ratio is 2.19.

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