PulteGroup Inc (NYSE: PHM) – Time For Strategy Change?

PulteGroup Inc (NYSE:PHM) currently has a daily average trading volume of 1.95M but it saw 1261498 shares traded in last market. With a market cap of 25.34B USD, the company’s current market price of $122.13 came rising about 1.79 while comparing to the previous closing price of $119.98. In past 52 weeks, the stock remained buoying in the range of price level as high as $135.62 and as low as $68.80. In the recent trading on the day, stock has struck highest price mark of $120.16 while lowest mark touched by it was $122.94.

Taking a look at 20-day trading activity of PulteGroup Inc (PHM) gives us an average price of $125.07, while its current price level is -9.95% below from 52-week high level whereas it is 77.51% 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 $116.75 while that of 200 days or SMA-200 reads an average of $106.59. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.65% during that period while stretching the period over a month that decreases to 3.70%. 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 50.30 which implies that the stock is in neutral territory.

Citigroup downgraded its recommendation for the stock as a “Neutral” from “Buy” on January 08, 2024 while assigning a price target range of $87-$113. UBS also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $93 and $120.

Over the week, PHM’s stock price is moving -5.53% down while it is 13.98% when we observe its performance for the past one month. Year-to-date it is 18.32% up and over the past year, the stock is showing an upside performance of 42.00%.

Currently, PulteGroup Inc’s total number of outstanding shares is 212.56M. Company’s return on investment (ROI) stands at 21.76% and return on equity (ROE) at 26.92%. It has a price to earnings ratio (P/E ratio) of 9.31 while having a 8.90 of forward P/E ratio. Stock’s beta reads 1.63. Stock has a price to book (P/B) ratio of 2.26 while price to sale or P/S ratio amounts to 1.50. Its return on asset (ROA) is 17.74% on average.