How to Buy M/I Homes Stock
M/I Homes Inc
M/I Homes is a construction company located in Ohio, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker MHO on the NYSE exchange.
M/I Homes stock last closed at $71.36, up 0.14% from the previous day, and has increased 54.69% in one year. It has overperformed other stocks in the Residential Construction industry by 0.24 percentage points. M/I Homes stock is currently +107.86% from its 52-week low of $34.33, and -3.24% from its 52-week high of $73.75.
At the moment, there are 27.83M shares of MHO outstanding. The market value of MHO is $1.99B. In the last 24 hours, 211,391 MHO shares were traded.
How to Buy M/I Homes Stock
Wondering how to invest in M/I Homes stock? Here's how.
- Decide where to buy M/I Homes stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you determine where to buy M/I Homes stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Choose your payment method and add your information.
- Analyze M/I Homes stock: The M/I Homes ticker symbol is MHO. Is M/I Homes stock a good investment? Should you buy shares of MHO? How do MHO's underlying business fundamentals look? Do top analysts think M/I Homes is a good buy? Why has MHO's stock price moved recently? (Hint: Our stock analysis website can help you decide if MHO is a good stock to buy).
- Make your MHO trade: Decide if you will purchase MHO shares at the current market price or use a limit order to buy MHO stock at a given price.
- Watch your MHO position: Create a watchlist to keep track of your new investment in M/I Homes shares.
Step 1: Decide where to buy M/I Homes stock
You need an online brokerage account in order to access the NYSE market and buy MHO shares.
Our favorite brokerage: eToro
Based on our research, eToro is the best stock brokerage. Here's why:
- Invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
- Access to world financial markets: From Technology to Real Estate, New York to London — you can fill your portfolio with stocks from the world's leading stock exchanges.
- Social investing: eToro has a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by opening an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal information so you can invest in MHO today.
How to Start a New Investment Account on eToro
- Click here to get started.
- Provide your personal info to create a new trading account.
- Send your information by hitting the "Create Account" button.
Step 3: Fund your brokerage account
Now that you've created your account on our top ranked stock trading app, you can securely and quickly fund your account:
Watch the video below to see the process of transferring funds into your new brokerage account.
Step 4: Analyze M/I Homes stock
After you have chosen the best place to buy M/I Homes stock, it's critical to evaluate their stock prior to buying, so you actually wrap your head around the risk and opportunity.
M/I Homes Numbers
Fundamentals of M/I Homes
WallStreetZen was designed to help average investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on MHO's stock page.
Is MHO stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge MHO's true value.
Using relative valuations metrics:
- MHO could be undervalued based on its P/E ratio of 3.94x, relative to Residential Construction industry P/E ratio of 7.05x
- MHO could be undervalued based on its P/B ratio of 0.91x, relative to Residential Construction industry P/B ratio of 1.54x
You can access additional valuation research on MHO's stock here.
A quick look at MHO Financials
Pros:
- MHO earnings of $649.13M is not sufficient to cover its interest payments.
- MHO's operating cash flow of $366.24M allows it to safely service it's debt of $977.17M.
- Total MHO debt is lower than 5 years ago, relative to shareholder equity.
- MHO profit margin has gone up from 10.7% to 11.8% in the past year.
Cons:
- MHO has a relatively high debt to equity ratio of 0.72.
Is it a good time to buy M/I Homes stock, according to Wall Street analysts?
Out of 1 Equities analysts who monitor MHO, the consensus analyst rating on MHO is a Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest MHO Analyst Ratings
Jay McCanless, a top 7% analyst from Wedbush maintains MHO with a buy rating and raises their MHO price target from $63.00 to $73.00, on Feb 6, 2023.
You can dive deeper into what analysts are projecting on the M/I Homes stock forecast page.
MHO Technicals
MHO Growth Numbers
Last year, MHO earnings were $501.89M. During the last five year, MHO's earnings have grown by 47.66% per year. This was faster than the Residential Construction industry average of 42.19%.
Last year, MHO revenue was $4.27B. Over the past five year, MHO's revenue has increased by 16.47% per year. This was slower than the Residential Construction industry average of 16.56%.
Learn more about MHO's earnings and revenue performance here.
Are MHO insiders buying or selling the stock?
In the last year, insiders at MHO have sold more shares than they have bought.
Phillip G. Creek, Ex. Vice President and CFO of MHO, was the latest MHO insider to sell. They sold $1,316,483.00 worth of MHO shares on Apr 28, 2023.
Get more info about who owns MHO stock here.
Does MHO provide a stable income stream?
No, M/I Homes doesn't provide an income stream by paying out dividends.
MHO Social Trading Data
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your MHO trade
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, use a limit order.
Hit the Open button and eToro will execute the order.
If you need additional help with investing in stocks on eToro, click the how to video below:
Step 6: Watch your MHO position
Now that you own some MHO shares, you'll want to keep up with your new shares.
Make a watchlist to see the latest developments about your MHO stock.
MHO Feed
How to Buy Stock in M/I Homes
To reiterate, here are the 6 steps for buying M/I Homes stock:
- Decide where to buy M/I Homes stock
- Create your brokerage account
- Fund your brokerage account
- Analyze M/I Homes stock
- Make your MHO trade
- Watch your MHO position
If you need a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in M/I Homes, add MHO to your watchlist by clicking the button below.
Other Articles You May Enjoy
FAQ
Company
AboutBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.