Background: Hovnanian Enterprises designs, constructs, markets and sells residential homes in the U.S. It constructs single-family attached and detached homes, attached townhomes and condominiums, and urban infill and active adult homes. Founded in 1959, it is headquartered in Red Bank, N.J. Hovnanian Enterprise trades an average of 6 million shares per day with a market cap of $493 million.
52-Week High: $4.03In the last month, the stock has really moved higher with a 20.3% increase. Cheap stocks can have impressive moves percentage-wise, but any stock under $5 is typically a bankruptcy candidate. Taken as a whole, the analysts are not bestowing much in terms of market direction. Five out of 11 rate Hovnanian a hold. One recommends this company as a buy, and five recommend selling. The stock appreciated 257% during the last year, and the average analyst target price for Hovnanian is $2.82. TheStreet's Brian Sozzi writes about