D.R. Horton Inc. lowered its forecast for annual revenue and homes closed, on supply chain challenges such as shortages and delivery delays in building materials as well as a tight labor market.
The homebuilding company now expects homes closed between 81,300 and 81,700, down from its prior forecast of 83,000 to 84,500 homes. It now projects its revenue for fiscal 2021 in the range of $27.4 billion to $27.6 billion, compared to the previous expectation of $27.6 billion to $28.1 billion.
However, the company expects higher current-quarter home sales gross margin as limited home inventory relative to strong demand is pushing prices upward.
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DHI advanced for three days, in of 315 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 334 cases where DHI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The 10-day RSI Indicator for DHI moved out of overbought territory on May 19, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator moved out of overbought territory. In of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on May 22, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on DHI as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for DHI turned negative on May 19, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DHI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
DHI broke above its upper Bollinger Band on May 16, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 66, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. DHI’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.768) is normal, around the industry mean (6.728). P/E Ratio (7.252) is within average values for comparable stocks, (120.702). Projected Growth (PEG Ratio) (1.032) is also within normal values, averaging (2.285). DHI has a moderately low Dividend Yield (0.009) as compared to the industry average of (0.049). P/S Ratio (1.112) is also within normal values, averaging (71.792).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a company which engages in construction and sale of single family homes
A.I.dvisor indicates that over the last year, DHI has been closely correlated with LEN. These tickers have moved in lockstep 94% of the time. This A.I.-generated data suggests there is a high statistical probability that if DHI jumps, then LEN could also see price increases.