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Saturday, June 3, 2023

Momentum Is Strong For Harbor Custom Development Inc. (NASDAQ: HCDI)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Harbor Custom Development Inc. (HCDI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.14, or -15.49%, to $6.22. The Harbor Custom Development Inc. has recorded 18,743 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Harbor Custom Development, Inc. Announces Date of First Quarter 2023 Earnings Release and Earnings Conference Call.

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Stocks Info

This NASDAQ-listed company operates within the Real Estate – Development industry segment, falling under the Real Estate sector. At the end of the last regular session, the stock closed at $7.36 and fluctuated between $8.92 as its day high and $5.60 as its day low. The current market capitalization of Harbor Custom Development Inc. is $4.64M. A total of 1.64 million shares were traded on the day, compared to an average of 153.70K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, HCDI has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 2,929 shares. Over the last 12 months, there were 8 BUYs and 2 SELLs from insiders. Insiders purchased 260,800 shares during that period but sold 12,867.

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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for HCDI in the last 3 months, the mean price target is $13.00 with high estimates of $13.00 and low estimates of $13.00. In terms of 52-week highs and lows, HCDI has a high of $61.20 and a low of $3.15.

As of this writing, HCDI has an earnings estimate of -$3.4 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$3.4 per share and a lower estimate of -$3.4. The company reported an EPS of -$9.2 in the last quarter, which was -4,700.00% lower than expectations of $0.2.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. HCDI’s latest balance sheet shows that the firm has $25.63M in Cash & Short Term Investments as of fiscal 2021. There were $58.58M in debt and $12.28M in liabilities at the time. Its Book Value Per Share was $17.60, while its Total Shareholder’s Equity was $99.74M.

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, 0 analysts are providing their opinions on the stock.

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