In recent trading session, Harbor Custom Development Inc (NASDAQ:HCDI) saw 0.95 million shares changing hands at last check today with its beta currently measuring 0.52. Company’s recent per share price level of $0.94 trading at $0.08 or 9.94% at last check today assigns it a market valuation of $2.19M. That most recent trading price of HCDI’s stock is at a discount of -1586.17% from its 52-week high price of $15.85 and is indicating a premium of 26.6% from its 52-week low price of $0.69. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.11 million shares which gives us an average trading volume of 56.15K if we extend that period to 3-months.
For Harbor Custom Development Inc (HCDI), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $1.51 in the current quarter.
Harbor Custom Development Inc (NASDAQ:HCDI) trade information
Upright in the green today for gaining 9.94%, in the last five days HCDI remained trading in the green while hitting it’s week-highest on Thursday, 11/16/23 when the stock touched $0.94 price level, adding 18.97% to its value on the day. Harbor Custom Development Inc’s shares saw a change of -87.32% in year-to-date performance and have moved 18.99% in past 5-day. Harbor Custom Development Inc (NASDAQ:HCDI) showed a performance of -16.07% in past 30-days. Number of shares sold short was 37510.0 shares which calculate 1.17 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $6.00 to the stock, which implies a rise of 84.33% to its recent value today. Analysts have been projecting $6.00 as a low price target for the stock while placing it at a high target of $6.00. It follows that stock’s current price would drop -538.3% in reaching the projected high whereas dropping to the targeted low would mean a loss of -538.3% for stock’s current value.
Harbor Custom Development Inc (HCDI) estimates and forecasts
Statistics highlight that Harbor Custom Development Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -76.44% of value to its shares in past 6 months, showing an annual growth rate of 63.58% while that of industry is -11.80. Apart from that, the company came raising its revenue forecast for fiscal year 2023. This year revenue growth is estimated to rise 154.90% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $66.5 million for the same.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -63.47% during past 5 years.
Harbor Custom Development Inc is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Harbor Custom Development Inc (NASDAQ:HCDI)’s Major holders
Insiders are in possession of 20.52% of company’s total shares while institution are holding 1.82 percent of that, with stock having share float percentage of 2.29%. Investors also watch the number of corporate investors in a company very closely, which is 1.82% institutions for Harbor Custom Development Inc that are currently holding shares of the company. Sabby Management, LLC is the top institutional holder at HCDI for having 0.15 million shares of worth $0.47 million. And as of Jun 29, 2023, it was holding 6.62% of the company’s outstanding shares.
The second largest institutional holder is Armistice Capital, LLC, which was holding about 98000.0 shares on Jun 29, 2023. The number of shares represents firm’s hold over 4.21% of outstanding shares, having a total worth of $0.3 million.
On the other hand, Vanguard Extended Market Index Fund and 360 Funds-Timber Point Global Tactical Allocation Fd are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 12480.0 shares of worth $37689.0 or 0.54% of the total outstanding shares. The later fund manager was in possession of 7500.0 shares on Jun 29, 2023, making its stake of worth around $22650.0 in the company or a holder of 0.32% of company’s stock.