Meritage Homes reports third quarter 2024 results - StockTitan
| MEY Stock | 72.00 1.00 1.37% |
Slightly above 61% of Meritage Homes' investor base is looking to short. The analysis of current outlook of investing in Meritage Homes suggests that many traders are alarmed regarding Meritage Homes' prospects. Meritage Homes' investing sentiment can be driven by a variety of factors including economic data, Meritage Homes' earnings reports, geopolitical events, and overall market trends.
Meritage |
Meritage Homes reports third quarter 2024 results StockTitan
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Meritage Homes Fundamental Analysis
We analyze Meritage Homes' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Meritage Homes using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Meritage Homes based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Valuation
Current Valuation Comparative Analysis
Meritage Homes is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Meritage Homes Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Meritage Homes stock to make a market-neutral strategy. Peer analysis of Meritage Homes could also be used in its relative valuation, which is a method of valuing Meritage Homes by comparing valuation metrics with similar companies.
Peers
Meritage Homes Related Equities
| D1LN | Direct Line | 0.65 |
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| EEW | SBI Insurance | 0.77 |
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| TF7A | TYSON FOODS | 1.49 |
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| 20V | National Beverage | 2.42 |
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| UN3 | United Natural | 2.43 |
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| AF4 | Hanover Insurance | 2.72 |
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Additional Tools for Meritage Stock Analysis
When running Meritage Homes' price analysis, check to measure Meritage Homes' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Meritage Homes is operating at the current time. Most of Meritage Homes' value examination focuses on studying past and present price action to predict the probability of Meritage Homes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Meritage Homes' price. Additionally, you may evaluate how the addition of Meritage Homes to your portfolios can decrease your overall portfolio volatility.