After grabbing 0.44 million shares, the institutional investor is now in possession of 0.44 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 3.08% having worth around $0.27 million. Moreover, Intellectus Partners LLC increased its share by 16060.0 to have a control over 0.38 million shares. And Mattern Wealth Management LLC raised its holdings to 50000.0 shares by acquiring 50000.0 shares or 0.35% of the stake.
Harbor Custom Development Inc. (HCDI) concluded trading on 01/12/23 at a closing price of $0.65, with 1.44 million shares of worth about $0.94 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -52.89% during that period and on Thursday the price saw a gain of about 40.11%. Currently the company’s common shares owned by public are about 14.35M shares, out of which, 10.62M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the HCDI stock and their offered price forecasts bring an average price target of $4.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4.00 and could fall to a lowest price of $4.00. The stock’s current price level is 72.92% above of average price target set by the analysts, while a rise to estimated low would result in gain of 83.75% for the stock. However, touching the estimated high of $4.00 would mean a gain of 83.75% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 5 times over the past 12 months. They bought 240,000 shares in 5 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Vanguard Extended Market Index Fu, Vanguard Total Stock Market Index, and Fidelity Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Harbor Custom Development Inc. Vanguard Extended Market Index Fu is currently holding 0.2 million shares of worth totaling $0.12 million. The company recently came buying 0.0 shares which brought its stake up to 1.40% of the company’s outstanding shares. Fidelity Extended Market Index Fu, after buying 65535.0 shares, have now control over 0.46% of the stake in the company. It holds 0.0 shares of worth $39321.0.
Harbor Custom Development Inc. (NASDAQ: HCDI) started trading at $0.4911, above $0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 0.6990, or with a gain of 40.11%. Stock saw a price change of 35.44% in past 5 days and over the past one month there was a price change of 22.78%. Year-to-date (YTD), HCDI shares are showing a performance of 75.37% which decreased to -73.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.35 but also hit the highest price of $3.80 during that period. The average intraday trading volume for Harbor Custom Development Inc. shares is 57.91K. The stock is currently trading 38.05% above its 20-day simple moving average (SMA20), while that difference is up 4.41% for SMA50 and it goes to -50.79% lower than SMA200.
Timber Point Capital Management L acquired 0.44 million shares of Harbor Custom Development Inc. having value of about $0.27 million. Harbor Custom Development Inc. (NASDAQ: HCDI) currently have 14.35M outstanding shares and institutions hold larger chunk of about 9.60% of that. Holding of mutual funds in the company is about 3.46% while other institutional holders and individual stake holders have control over 8.61% and 26.27% of the stake respectively.
The stock has a current market capitalization of $9.73M. It has posted earnings per share of -$0.82 in the same period. It has a debt-to-equity ratio of 4.83. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HCDI, volatility over the week remained 17.81% while standing at 14.64% over the month.
Analysts are in expectations that Harbor Custom Development Inc. (HCDI) stock would likely to be making an EPS of $0.21 in the current quarter, while forecast for next quarter EPS is $0.03 and it is $0.52 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.21 which is $0.21 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 119.80% while it is estimated to increase by 231.40% in next year.
Analysts at 1 brokerage firms have issued recommendations for the Harbor Custom Development Inc. (HCDI)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.