Stock Rating Downgrade
Of late the Value Trend Rating for Hovnanian Enterprises Inc. (NYSE: HOV) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Hovnanian Enterprises Inc. (NYSE: HOV) stock closed at $127.72 on 2/7/25 after a decline of -4.8%. However, below average trading volume at 80% of normal accompanied the decline. The stock has declined -7.7% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Hovnanian Enterprises has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Hovnanian Enterprises has a very high Appreciation Score of 92 but a slightly negative Power Rating of 32, resulting in the High Neutral Value Trend Rating.
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