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MTH
Stock ticker:
NYSE
AS OF
Jul 1 closing price
Price
$77.09
Change
+$4.48 (+6.17%)
Capitalization
2.83B

MTH Price Prediction, Meritage Homes Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jul 01, 2022

MTH in upward trend: price may jump up because it broke its lower Bollinger Band on June 16, 2022

MTH may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 29 of 41 cases where MTH's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 71%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where MTH's RSI Indicator exited the oversold zone, of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on July 01, 2022. You may want to consider a long position or call options on MTH as a result. In of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for MTH just turned positive on June 30, 2022. Looking at past instances where MTH's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MTH advanced for three days, in of 305 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

MTH moved below its 50-day moving average on June 10, 2022 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for MTH crossed bearishly below the 50-day moving average on June 15, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MTH declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for MTH entered a downward trend on June 03, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock slightly better than average.

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 (0.894) is normal, around the industry mean (5.783). P/E Ratio (3.568) is within average values for comparable stocks, (12.462). MTH's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.470). MTH has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.056). P/S Ratio (0.549) is also within normal values, averaging (105.706).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. MTH’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

AI
A.I.Advisor
published price charts
AI
A.I. Advisor
published Earnings

MTH is expected to report earnings to rise 1.04% to $5.85 per share on July 27

Meritage Homes Corp MTH Stock Earnings Reports
Q2'22
Est.
$5.85
Q1'22
Beat
by $0.99
Q4'21
Beat
by $0.26
Q3'21
Beat
by $0.79
Q2'21
Beat
by $1.08
The last earnings report on April 27 showed earnings per share of $5.79, beating the estimate of $4.80. With 382.62K shares outstanding, the current market capitalization sits at 2.83B.
AI
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are DR Horton (NYSE:DHI), Lennar Corp (NYSE:LEN), Pultegroup (NYSE:PHM), KB Home (NYSE:KBH).

Industry description

Homebuilding includes companies residential home construction companies, renovators and repair firms. The companies may be building single-family or multifamily homes, condominiums or mobile homes. Over the five years to 2019, the Home Builders industry is estimated to have grown at an annualized rate of 2.5% to reach $89.4 billion, (including expected growth of 2.6% in 2019), according to a study by IbisWorld. After having suffered one of its worst crises a decade ago during the last macroeconomic recession–which had much of its origins in U.S. real estate – the homebuilding industry has been recovering steadily so far. Higher disposable incomes and improving economic activity have bolstered consumers’ purchases of homes. While revenue of the Home Builders industry remains well below its prerecession high, demand growth estimates show promise.

Market Cap

The average market capitalization across the Homebuilding Industry is 3.79B. The market cap for tickers in the group ranges from 789.68K to 25.85B. LEN.B holds the highest valuation in this group at 25.85B. The lowest valued company is EGBB at 789.68K.

High and low price notable news

The average weekly price growth across all stocks in the Homebuilding Industry was 1%. For the same Industry, the average monthly price growth was -8%, and the average quarterly price growth was -26%. PSMMF experienced the highest price growth at 9%, while EGBB experienced the biggest fall at -17%.

Volume

The average weekly volume growth across all stocks in the Homebuilding Industry was -31%. For the same stocks of the Industry, the average monthly volume growth was 22% and the average quarterly volume growth was 183%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 37
P/E Growth Rating: 60
Price Growth Rating: 73
SMR Rating: 27
Profit Risk Rating: 74
Seasonality Score: 16 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

a company which designs and builds single family homes

Industry Homebuilding

Profile
Fundamentals
Details
Industry
Homebuilding
Address
8800 East Raintree Drive
Phone
+1 480 515-8100
Employees
1773
Web
https://www.meritagehomes.com

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MTH and

Correlation & Price change

A.I.dvisor indicates that over the last year, MTH has been closely correlated with PHM. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if MTH jumps, then PHM could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MTH
1D Price
Change %
MTH100%
+6.47%
PHM - MTH
88%
Closely correlated
+6.54%
DHI - MTH
88%
Closely correlated
+5.89%
KBH - MTH
88%
Closely correlated
+4.18%
CCS - MTH
88%
Closely correlated
+6.03%
LEN - MTH
87%
Closely correlated
+5.71%
More