Taking a Fresh Look at KB Home (KBH)

KB Home (KBH) is an interesting player in the Industrial Goods space, with a focus on Residential Construction. The stock has been active on the tape, currently trading at $25.34, up from yesterday’s close by 0.56%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

KB Home (KBH) currently trades with a market capitalization of $2.21 Billion. That value represents a market adjusting for revenues that have been growing by 6.48 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $450.61 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.48 on a per share basis this quarter. Perhaps, that suggests something about why 3.35% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, KB Home recorded a 52-week high of $38.80. It is now trading 13.46% off that level. The stock is trading $27.91 its 50-day moving average by 2.57%. The stock carved out a 52-week low down at $20.55.

In recent action, KB Home (KBH) has made a move of -12.77% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.61, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 7.74% with $76.72 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of KBH.

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