Look Past The Setbacks And Give KB Home (NYSE: KBH) Another Chance

KB Home (NYSE:KBH) currently has a daily average trading volume of 1.46M but it saw 1427879 shares traded in last market. With a market cap of 6.47B USD, the company’s current market price of $86.08 came rising about 0.37 while comparing to the previous closing price of $85.76. In past 52 weeks, the stock remained buoying in the range of price level as high as $86.39 and as low as $42.11.

Taking a look at 20-day trading activity of KB Home (KBH) gives us an average price of $77.23, while its current price level is -0.36% below from 52-week high level whereas it is 104.42% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $72.60 while that of 200 days or SMA-200 reads an average of $63.48. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.38% during that period while stretching the period over a month that decreases to 3.30%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 73.58 which implies that the stock is in overbought territory.

Deutsche Bank downgraded its recommendation for the stock as a “Sell” from “Hold” on December 08, 2023 while assigning a price target range of $55-$46.

Over the week, KBH’s stock price is moving 7.92% up while it is 27.64% when we observe its performance for the past one month. Year-to-date it is 37.82% up and over the past year, the stock is showing an upside performance of 59.50%.

Currently, KB Home’s total number of outstanding shares is 75.87M. Company’s return on investment (ROI) stands at 10.56% and return on equity (ROE) at 15.54%. It has a price to earnings ratio (P/E ratio) of 11.39 while having a 9.70 of forward P/E ratio. Stock’s beta reads 1.78. Stock has a price to book (P/B) ratio of 1.62 while price to sale or P/S ratio amounts to 1.01. Its return on asset (ROA) is 9.07% on average.