Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate M/I Homes Inc before investing.

In this article, we go over a few key elements for understanding M/I Homes Inc’s stock price such as:

• M/I Homes Inc’s current stock price and volume
• Why M/I Homes Inc’s stock price changed recently
• Upgrades and downgrades for MHO from analysts
• MHO’s stock price momentum as measured by its relative strength

About M/I Homes Inc (MHO)

Before we jump into M/I Homes Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

M/I Homes, Inc. is a builder of single-family homes. The Company designs, markets, constructs and sells single-family homes and attached townhomes to first-time, move-up, empty-nester, and luxury buyers. The company primarily constructs homes in planned development communities and mixed-use communities. It offers homes for sale in approximately 213 communities within 17 markets located in 10 states. The Company operates through two distinct operations: homebuilding and financial services. Its homebuilding operations are aggregated for reporting purposes into two reporting segments: the Northern and Southern regions. Its homebuilding division is engaged in the sale and construction of single-family attached and detached homes, acquisition and development of land, and the occasional sale of lots to third parties. Its financial services operations support its homebuilding operations by providing mortgage loans and title services to the customers of its homebuilding operations.

Want to learn more about M/I Homes Inc’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about M/I Homes Inc.

M/I Homes Inc’s Stock Price as of Market Close

As of September 25, 2024, 4:00 PM, CST, M/I Homes Inc’s stock price was $161.11.

M/I Homes Inc is down 4.56% from its previous closing price of $168.80.

During the last market session, M/I Homes Inc’s stock traded between $166.93 and $171.84. Currently, there are 27.88 million shares of M/I Homes Inc stock available for purchase.

M/I Homes Inc’s price-earnings (P/E) ratio is currently at 9.2, which is low compared to the Homebuilding industry median of 11. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

M/I Homes Inc Stock Price History

M/I Homes Inc’s (MHO) price is currently up 1.09% so far this month.

During the month of September, M/I Homes Inc’s stock price has reached a high of $173.69 and a low of $147.49.

Over the last year, M/I Homes Inc has hit prices as high as $173.86 and as low as $74.79. Year to date, M/I Homes Inc’s stock is up 248.87%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused M/I Homes Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 24, 2024, there were 0 analysts who downgraded M/I Homes Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate M/I Homes Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on M/I Homes Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

M/I Homes Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about M/I Homes Inc (MHO) by visiting AAII Stock Evaluator.

Relative Price Strength of M/I Homes Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 24, 2024, M/I Homes Inc has a weighted four-quarter relative price strength of 17.49%, which translates to a Momentum Score of 92 and is considered to be Very Strong.

Want to learn more about how M/I Homes Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

M/I Homes Inc Stock Price: Bottom Line

As of September 25, 2024, M/I Homes Inc’s stock price is $161.11, which is down 4.56% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like M/I Homes Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.