Hovnanian Enterprises, Inc. Class A (HOV) stock is down 5.21% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With HOV Stock Today?
Hovnanian Enterprises, Inc. Class A (HOV) stock is trading at $32.75 as of 3:43 PM on Monday, Oct 26, a rise of $0.05, or 0.15% from the previous closing price of $32.70. Volume today is high. So far 721,249 shares have traded compared to average volume of 109,572 shares. The stock has traded between $31.29 and $33.27 so far today.
More About Hovnanian Enterprises, Inc. Class A
Hovnanian Enterprises Inc is an American construction company that focuses on residential construction. The company specializes in single-family housing and multi-unit building construction in Texas, Arizona, California, Virginia, Florida, Illinois, Ohio, and Pennsylvania. Hovnanian Enterprises builds homes and communities that target first-time, move-up, and luxury homebuyers. Historically, homes sales around Texas, especially Houston, Arizona, and California have been the leading sources of revenue. The company also focuses on land purchasing and development to support future construction efforts as well as mortgage services for its homebuyers.