The stock of TRI Pointe Group, Inc. (NYSE:TPH) is now priced at $17.82 and the shares are 0.94 points up or 5.57% higher compared to its previous closing price of $16.88. The stock had 1.454 million contracts set over the past session. TPH shares’ daily volume is compared to its average trading volume at 1.694 million shares. However, it has a float of 128 million and although its performance was -2.25% over the week, it’s one to watch. Analysts have given the TPH stock a yearly average price target of $19.79 per share. It means the stock’s upside potential is 11.05% with the TPH share price recently placing at $16.57 to $17.82. However, some brokerage firms have priced the stock below the average, including one that has called $16.
The shorts are running away from the TRI Pointe Group, Inc. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the TPH shares have declined. Short interest in the stock represents just 8.46% of its float, but the volume has dropped by 0.
In the last trading session, TRI Pointe Group, Inc. (NYSE:TPH) dropped by -$0.41 over the week and gained $0.89 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $18.63. The stock recorded its established 52-week high on 02/21/20.
Since 03/19/20, the stock has traded to a low of $5.89 at 202.55%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.69. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, TRI Pointe Group, Inc.’s two-week RSI is 56.35. This suggests that the stock is neutral at the moment and that TPH shares’ price movement remains stable. The stochastic readings are equally revealing at 29.81% meaning the TPH share price is currently in overbought territory.
The technical chart shows that the TPH stock will likely settle at between $18.24 and $18.65 per share. However, if the stock dips below $16.99, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $16.15.
Currently, the stock is trading in the red of MACD, with a reading of -0.43. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Susquehanna raised their recommendation for TPH from Neutral to Positive in July 27 review. Evercore ISI analysts upgraded their recommendation of the stock from In-line to Outperform in a flash note released to investors on July 23. JMP Securities analysts see the stock as Mkt Outperform when the analysts resumed the share price coverage on July 14, placing it at $21.
The average rating for the TPH equity is 2.75 and is currently gathering a bullish momentum. Of 8 analysts tracking TRI Pointe Group, Inc. polled by Reuters, 4 rated TPH as a hold. The remaining 4 analysts were split evenly. However, the split wasn’t equal as a majority (4) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the TPH stock price is 7.99X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 9.1 below the group’s average of 12.9. TRI Pointe Group, Inc. has its P/E ratio at 1.1, which means that the stock is currently trading at a discount relative to the 2 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for TRI Pointe Group, Inc. (NYSE:TPH) will decrease by about -4.85%, which will see them reach $733 million. The company’s full-year revenues are, however, expected to diminish by about -1.95%, down from $3080 million to $3020 million. TPH’s expected adjusted earnings should drop almost -2.27% to end up at $0.43 per share, while for the fiscal year, analysts project the company’s earnings to grow by about 10.88% to record $1.63/share.