United Homes Group (NASDAQ:UHG) Trading Up 7.5% – Should You Buy?

United Homes Group, Inc. (NASDAQ:UHG)’s stock price was up 7.5% during trading on Friday . The company traded as high as $2.71 and last traded at $2.58. Approximately 355,742 shares changed hands during trading, an increase of 14% from the average daily volume of 311,507 shares. The stock had previously closed at $2.40.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UHG. Weiss Ratings reiterated a “sell (e+)” rating on shares of United Homes Group in a research report on Monday, December 29th. Wall Street Zen downgraded United Homes Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

United Homes Group Stock Performance

The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.23 and a current ratio of 5.73. The company has a market cap of $151.73 million, a price-to-earnings ratio of -8.06 and a beta of 1.13. The firm’s 50-day moving average price is $1.72 and its 200 day moving average price is $2.61.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC bought a new stake in United Homes Group in the second quarter valued at about $29,000. Ground Swell Capital LLC acquired a new position in shares of United Homes Group during the 2nd quarter worth about $32,000. AQR Capital Management LLC bought a new stake in shares of United Homes Group in the 1st quarter valued at about $34,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of United Homes Group in the 2nd quarter valued at approximately $35,000. Finally, Pitcairn Co. bought a new position in United Homes Group during the 2nd quarter worth approximately $46,000. 88.85% of the stock is currently owned by institutional investors.

About United Homes Group

United Homes Group, Inc, a homebuilding company, engages in the design, building, and sale of homes in South Carolina, North Carolina, and Georgia. It provides detached single-family houses, as well as attached single-family houses, including duplex and town houses for entry-level buyers, first time move-ups, second time move-ups, third time move-ups, and custom builds. The company was founded in 2004 and is headquartered in Chapin, South Carolina.