Company Sheet; Performance Check on Shares of Century Communities, Inc. (NYSE:CCS) as Beta Touches 1.56

After looking for stocks with higher betas, we can see that Century Communities, Inc. (NYSE:CCS) has a current beta of 1.56. The beta of a stock is typically used as a historical volatility indicator in relation to the overall market. Beta is a measurement of the stock price fluctuation, and may be used to gauge how fast the price may rise or fall. Beta compares the returns of company stock to return of the market as a whole. A beta of 1 would indicate that the stock price moves with the market. A beta below 1 might indicate that the stock is less volatile than the market. A beta above 1 indicates that the stock price is more volatile than the market in theory. Checking in on current price action, company shares had recently touched 25.61. From the session open, shares have moved 0.00%. Investors will be watching to see how the stock reacts to market influences over the next few weeks. As we near the halfway point of the calendar year, investors may be trying to figure out if now is the time to get in on the name, or whether to wait for a better opportunity.

When certain portfolio stocks are performing poorly, investors may be prone to chase higher return stocks or move into safer stocks. As most investors know, short-term results have the ability to be somewhat misleading. Deviating from a well-crafted plan based on short-term market fluctuations can lead to portfolio trouble in the future. Having the proper mix of stocks in the portfolio may also be beneficial to longer-term performance. Pinpointing overall investment goals and regularly reviewing portfolio positions can help the investor stay on track.

After a recent check, Century Communities, Inc. (NYSE:CCS) shares have been seen trading 6.10% away from the 20-day moving average. Zooming out to the 50-day, we can see that shares are currently trading 7.67% off of that mark. Looking at the 200-day moving average, shares have been trading 3.65% away from that value. The moving average uses the sum of all of the previous closing prices over a certain time period and divides the result by the number of prices used in the calculation. Many investors will opt to use multiple time periods when examining moving averages. Moving averages are considered to be lagging indicators, and they may prove to be very useful for spotting peaks and troughs. They may also be used to help the trader calculate sturdy support and resistance levels for the stock.

Investors may be closely monitoring historical stock price performance in order to examine what has been happening with company shares. Let’s take a look at some of the numbers for Century Communities, Inc. (NYSE:CCS). Stock price performance for the past week is currently noted at 9.27%. If we look back to the beginning of the calendar year, shares have performed 48.90%. Looking back over the past full-year, shares have performed -13.32%. Over the past month, the stock has performed 6.68%. Over the last quarter, the stock has performed 17.46%. Briefly looking at some recent volatility numbers, we can see that shares have been noted at 2.74% for the week, and 3.33% for the past month.

Defining specific goals and creating an overall stock trading strategy can be a big help for the individual investor. Some investors are only interested in buy and hold strategies, while others will opt to try and capitalize on short-term market movements. Investors may also decide to do a little bit of both. They may choose a selection of stocks that they plan on holding for a long time, and they may choose others that they plan on holding for only a short period of time. Whichever way the investor decides to go, they should be prepared to complete all the research. Whether they want to study the fundamentals, technicals, or both, finding quality stocks may be at the forefront of the search.

We are also noting that Century Communities, Inc. (NYSE:CCS) was recently seen trading -4.26% away from the 50-day high and 18.29% separated from the 50-day low. Taking a broader view, the current separation from the 52-week high is -27.86%, and the distance from the 52-week low is currently 56.64%. Let’s also look quickly at some analyst views on company shares. At the time of writing, the consensus target price for the company is $29.33. The consensus recommendation provided by covering sell-side analysts is currently 2.50. This number lands on a scale from 1 to 5. Following this scale, a rating of a 1 or a 2 would indicate a consensus Buy recommendation. A rating of 4 or 5 would represent a consensus Sell recommendation. A rating of 3 would indicate a Hold recommendation.

The direction of stock market moves in the short-term are highly unpredictable. Many investors will be tempted to ride the wave whether the trend is buying or selling. Fearful investors may make hasty decisions such as panic buying or selling. Investors may feel compelled to buy stocks after a major run higher. This can be related to the fear or missing out. On the other end, investors may be quick to sell quality stocks when the market is in the midst of a broad sell-off. This behavior often translates into falling into the trap of buying high and selling low. 

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