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Anywhere Real Estate Inc (NYSE: HOUS) Could Make Significant Gains?

In the last trading session, 1.68 million Anywhere Real Estate Inc (NYSE:HOUS) shares changed hands as the company’s beta touched 2.42. With the company’s per share price at $5.26 changed hands at $0.15 or 2.94% during last session, the market valuation stood at $581.18M. HOUS’s last price was a discount, traded about -87.26% off its 52-week high of $9.85. The share price had its 52-week low at $4.09, which suggests the last value was 22.24% up since then. When we look at Anywhere Real Estate Inc’s average trading volume, we note the 10-day average is 1.28 million shares, with the 3-month average coming to 1.24 million.

Analysts gave the Anywhere Real Estate Inc (HOUS) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.40. If we narrow down to specifics, the data shows that 1 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended HOUS as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Anywhere Real Estate Inc’s EPS for the current quarter is expected to be -$0.3.

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Anywhere Real Estate Inc (NYSE:HOUS) trade information

Instantly HOUS was in green as seen at the end of in last trading. With action 19.00%, the performance over the past five days has been green. The jump to weekly highs of 5.44 on Monday, 11/20/23 added 2.94% to the stock’s daily price. The company’s shares are showing year-to-date downside of -17.68%, with the 5-day performance at 19.00% in the green. However, in the 30-day time frame, Anywhere Real Estate Inc (NYSE:HOUS) is 23.19% up. Looking at the short shares, we see there were 8.87 million shares sold at short interest cover period of 5.79 days.

The consensus price target for the stock as assigned by Wall Street analysts is $5.75, meaning bulls need an upside of 8.52% from its current market value. According to analyst projections, HOUS’s forecast low is $4.50 with $7.00 as the target high. To hit the forecast high, the stock’s price needs a -33.08% plunge from its current level, while the stock would need to tank 14.45% for it to hit the projected low.

Anywhere Real Estate Inc (HOUS) estimates and forecasts

Data shows that the Anywhere Real Estate Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -18.45% over the past 6 months, a -592.59% in annual growth rate that is considerably lower than the industry average of -11.90%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Anywhere Real Estate Inc will rise 64.70%, while the growth in revenue is estimated to hit 38.10% for the next quarter. Year-over-year growth is forecast to reach -17.80% down from the last financial year.

Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $1.29 billion. 3 analysts are of the opinion that Anywhere Real Estate Inc’s revenue for the quarter ending Mar 2024 will be $1.16 billion. The company’s revenue for the corresponding quarters a year ago was $1.32 billion and $1.13 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.30%. The estimates for the next quarter sales put growth at 2.80%.

The 2023 estimates are for Anywhere Real Estate Inc earnings to increase by 70.19%, but the outlook for the next 5-year period is at -1.20% per year.

HOUS Dividends

Anywhere Real Estate Inc is expected to release its next quarterly earnings report on October 24.

Anywhere Real Estate Inc (NYSE:HOUS)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 4.20% of Anywhere Real Estate Inc shares while 112.74% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 117.67%. There are 112.74% institutions holding the Anywhere Real Estate Inc stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 16.55% of the shares, roughly 18.29 million HOUS shares worth $122.17 million.

Vanguard Group Inc holds the second largest percentage of outstanding shares, with 15.64% or 17.28 million shares worth $115.44 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Sep 29, 2023 were iShares Core S&P Smallcap ETF and Longleaf Partners Small-Cap Fund. With 7.56 million shares estimated at $48.62 million under it, the former controlled 6.84% of total outstanding shares. On the other hand, Longleaf Partners Small-Cap Fund held about 5.17% of the shares, roughly 5.71 million shares worth around $38.14 million.

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