M/I Homes: 3 Reasons To Continue To Fade The Rally [Seeking Alpha]
M/I Homes, Inc. (MHO)
Last m/i homes, inc. earnings: 4/29 08:30 am
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US:NYSE Investor Relations:
mihomes.com/support/investors
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Source: Seeking Alpha
Despite a cheap P/E ratio, there are several reasons to believe the stock of this home builder will continue to succumb to additional profit taking. These include average mortgage rates north of seven percent, fading momentum and a noticeable recent uptick in insider selling. An analysis around M/I Homes follows in the paragraphs below. Looking for a helping hand in the market? Members of The Insiders Forum get exclusive ideas and guidance to navigate any climate. Learn More » Today, we put home builder M/I Homes, Inc. ( MHO in the spotlight. Despite average 30-Year mortgage rates still hovering near seven percent, more than double where they started 2022 at, the stock of the company has rallied just over 60% from its October lows. The shares are still cheap on a P/E basis compared to the overall market. However, there are several reasons to believe the big rise in the equity is done, and the stock could be vulnerable to some further profit taking in the months ahead. M/I H
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MHO
News
- M/I Homes, Inc. (NYSE: MHO) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Is MI Homes (MHO) Stock Outpacing Its Construction Peers This Year? [Yahoo! Finance]Yahoo! Finance
- M/I Homes (MHO) Outpaces Stock Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- What Makes M/I Homes (MHO) a Strong Momentum Stock: Buy Now? [Yahoo! Finance]Yahoo! Finance
- M/I Homes (MHO) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
MHO
Earnings
- 7/30/24 - Beat
MHO
Sec Filings
- 9/3/24 - Form 4
- 8/30/24 - Form 144/A
- 8/30/24 - Form 144
- MHO's page on the SEC website