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Wednesday, February 8, 2023

Searching For Real Value In Market Debris At Harbor Custom Development Inc. (NASDAQ: HCDI)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Harbor Custom Development Inc. (HCDI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0231, or -3.55%, to $0.627. The Harbor Custom Development Inc. has recorded 4,685 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Harbor Custom Development, Inc. Board of Directors Appointed Karen Bryant Lead Independent Director.

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Stocks Info

As a NASDAQ listed company, HCDI falls under the Real Estate sector while operating within the Real Estate – Development industry segment. At the end of the last regular session, the stock closed at $0.65 and fluctuated between $0.6990 as its day high and $0.4684 as its day low. The current market capitalization of Harbor Custom Development Inc. is $9.73M. A total of 1.44 million shares were traded on the day, compared to an average of 57.91K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, HCDI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 5 BUYs and 0 SELLs from insiders. Insiders purchased 240,000 shares during that period but sold 0.

In the most recent transaction, Walker Walter Frederick bought 1,000 shares of HCDI for 15.02 per share on Jun 15. After the transaction, the Director now owns 8,000 company shares. In a previous transaction on Jun 14, Walker Walter Frederick bought 6,000 shares at 1.67 per share. HCDI shares that Director owns now total 74,000.

Among the insiders who bought shares, Walker Walter Frederick acquired of 3,800 shares on Jun 13 at a per-share price of $15.26. This resulted in the Director holding 7,000 shares of HCDI after the transaction. In another insider transaction, Walker Walter Frederick bought 7,100 shares at $1.86 per share on May 26. Company shares held by the Director now total 68,000.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for HCDI in the last 3 months, the mean price target is $4.00 with high estimates of $4.00 and low estimates of $4.00. In terms of 52-week highs and lows, HCDI has a high of $3.80 and a low of $0.35.

As of this writing, HCDI has an earnings estimate of $0.21 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $0.21 per share and a lower estimate of $0.21. The company reported an EPS of -$0.03 in the last quarter, which was -200.00% lower than expectations of -$0.01.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 1 analysts are providing their opinions on the stock. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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