Stocks Flexing Their Muscles: KB Home (KBH), American Tower Corporation (REIT) (AMT)

Over the past 52 weeks, the shares of KB Home (NYSE:KBH) has been trading as low as $16.82 before witnessing a massive surge by 27.76% or $4.67. This price movement has led to the KBH stock receiving more attention and has become one to watch out for. It jumped by 0.05% on Monday and this got the market excited. The stock’s beta now stands at 1.54 and when compared to its 200-day moving average and its 50-day moving average, KBH price stands -8.1% below and 5.22% above respectively. Its average daily volatility for this week is 2.95% which is less than the 3.62% recorded over the past month. The shares of KB Home dropped by -32.49% or -$10.34 from its last recorded high of $31.83 which it attained on March 23 to close at $21.49 per share.

KB Home (KBH) sank -1.1% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -26.28% and is now up by 12.51% since start of this year. A look at its monthly performance shows that the stock has recorded a 2.33% gain over the past 30 days. Its equity price climbed by 0.61% over the past three months which led to its overall six-month decrease to stand at -11.31%.

A look at KBH technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 56.38 point. Its trading volume has lost -587195 shares compared to readings over the past three months as it recently exchanged 1372805 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1960000 shares, and this is 0.7 times the normal volume.

Analysts have predicted a price target for American Tower Corporation (REIT) (AMT) for 1 year and it stands at an average $169.94/share. This means that it would likely increase by -1.76% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $149. On the other hand, one analyst is super bullish about the price, setting a target as high as $182.

The AMT stock Stochastic Oscillator (%D) is at 73.22%, which means that it is currently neutral. The shares P/S ratio stands at 10.88 which compares to the 8.86 recorded by the industry or the 10.37 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 48.32, which is lower than the 66.23 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 10.5% over the past five years.

Analysts view American Tower Corporation (REIT) (NYSE:AMT) as a Hold, with 2.3 consensus rating. Reuters surveyed 20 analysts that follow AMT and found that 9 of those analysts rated the stock as a Hold. The remaining 11 were divided, with 11 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying American Tower Corporation (REIT) (AMT) shares or sell it if they already own it.