Legacy Housing Corp Stock Short Ratio
| LEGH Stock | USD 25.61 0.31 1.23% |
Legacy Housing Corp fundamentals help investors to digest information that contributes to Legacy Housing's financial success or failures. It also enables traders to predict the movement of Legacy Stock. The fundamental analysis module provides a way to measure Legacy Housing's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Legacy Housing stock.
Legacy | Short Ratio |
Legacy Housing Corp Company Short Ratio Analysis
Legacy Housing's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current Legacy Housing Short Ratio | 10.96 X |
Most of Legacy Housing's fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Legacy Housing Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Legacy Short Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Legacy Housing is extremely important. It helps to project a fair market value of Legacy Stock properly, considering its historical fundamentals such as Short Ratio. Since Legacy Housing's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Legacy Housing's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Legacy Housing's interrelated accounts and indicators.
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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
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Legacy Price To Sales Ratio
Price To Sales Ratio |
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Based on the latest financial disclosure, Legacy Housing Corp has a Short Ratio of 10.96 times. This is 87.67% higher than that of the Household Durables sector and 98.55% higher than that of the Consumer Discretionary industry. The short ratio for all United States stocks is 174.0% lower than that of the firm.
Legacy Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Legacy Housing's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Legacy Housing could also be used in its relative valuation, which is a method of valuing Legacy Housing by comparing valuation metrics of similar companies.Legacy Housing is currently under evaluation in short ratio category among its peers.
Legacy Housing Current Valuation Drivers
We derive many important indicators used in calculating different scores of Legacy Housing from analyzing Legacy Housing's financial statements. These drivers represent accounts that assess Legacy Housing's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Legacy Housing's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 405.7M | 366.1M | 640.7M | 461.8M | 615.0M | 364.0M | |
| Enterprise Value | 434.8M | 401.5M | 647.6M | 464.3M | 639.8M | 379.2M |
Legacy Housing ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Legacy Housing's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Legacy Housing's managers, analysts, and investors.Environmental | Governance | Social |
Legacy Housing Institutional Holders
Institutional Holdings refers to the ownership stake in Legacy Housing that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Legacy Housing's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Legacy Housing's value.| Shares | State Street Corp | 2024-06-30 | 196.4 K | Bard Associates Inc | 2024-06-30 | 196 K | Robotti Robert | 2024-06-30 | 129.6 K | American Century Companies Inc | 2024-09-30 | 116.9 K | Meixler Investment Management, Ltd. | 2024-09-30 | 106.9 K | Northern Trust Corp | 2024-09-30 | 96.6 K | Charles Schwab Investment Management Inc | 2024-09-30 | 91.5 K | Redmond Asset Management, Llc | 2024-09-30 | 86.8 K | Millennium Management Llc | 2024-06-30 | 84.9 K | Voss Capital Llc | 2024-09-30 | 854.5 K | Dimensional Fund Advisors, Inc. | 2024-09-30 | 665.7 K |
Legacy Fundamentals
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0711 | ||||
| Profit Margin | 0.33 % | ||||
| Operating Margin | 0.35 % | ||||
| Current Valuation | 614.26 M | ||||
| Shares Outstanding | 24.16 M | ||||
| Shares Owned By Insiders | 56.29 % | ||||
| Shares Owned By Institutions | 37.39 % | ||||
| Number Of Shares Shorted | 433.28 K | ||||
| Price To Earning | 11.45 X | ||||
| Price To Book | 1.28 X | ||||
| Price To Sales | 3.78 X | ||||
| Revenue | 189.14 M | ||||
| Gross Profit | 106.9 M | ||||
| EBITDA | 71.39 M | ||||
| Net Income | 54.46 M | ||||
| Cash And Equivalents | 14.27 M | ||||
| Cash Per Share | 0.58 X | ||||
| Total Debt | 25.57 M | ||||
| Debt To Equity | 0.04 % | ||||
| Current Ratio | 2.67 X | ||||
| Book Value Per Share | 19.84 X | ||||
| Cash Flow From Operations | (13.54 M) | ||||
| Short Ratio | 10.96 X | ||||
| Earnings Per Share | 2.18 X | ||||
| Target Price | 31.5 | ||||
| Number Of Employees | 572 | ||||
| Beta | 1.09 | ||||
| Market Capitalization | 618.69 M | ||||
| Total Asset | 506.74 M | ||||
| Retained Earnings | 259.76 M | ||||
| Working Capital | 70.55 M | ||||
| Current Asset | 60.34 M | ||||
| Current Liabilities | 19.98 M | ||||
| Net Asset | 506.74 M |
About Legacy Housing Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Legacy Housing Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Legacy Housing using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Legacy Housing Corp 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.
Please read more on our fundamental analysis page.
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When determining whether Legacy Housing Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Legacy Housing's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Legacy Housing Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Legacy Housing Corp Stock:Check out Legacy Housing Piotroski F Score and Legacy Housing Altman Z Score analysis. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Household Durables space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Legacy Housing. If investors know Legacy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Legacy Housing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 2.18 | Revenue Per Share 6.744 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0711 | Return On Equity 0.1193 |
The market value of Legacy Housing Corp is measured differently than its book value, which is the value of Legacy that is recorded on the company's balance sheet. Investors also form their own opinion of Legacy Housing's value that differs from its market value or its book value, called intrinsic value, which is Legacy Housing's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Legacy Housing's market value can be influenced by many factors that don't directly affect Legacy Housing's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Legacy Housing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legacy Housing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legacy Housing's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.