HCDIP Company Profile and Key Details

Q: Who are the executives of HCDIP?

Ms. Jennifer LangVice President of MarketingMr. James BurtonCorporation Sec. & Corp. CounselMr. Yoshi NiinoChief Accounting OfficerMr. Lance D. BrownInterim Chief Operating Officer & Chief Financial OfficerMr. Sterling GriffinNon-Executive Strategic AdvisorMr. Jeffrey B. HabersetzerInterim Chief Executive Officer, Interim Pres & Chief Operating Officer

NASDAQ : HCDIP

Harbor Custom Development

$1.10

-0.18-14.06%

At Close 4:00 PM

Not Actively Trading

Profile Key Stats Analyst Ratings Ownership Ratios Financials Dividend & splits Sentiment Forecast

Price Chart

Stock Price Today

Harbor Custom Development, Inc. (HCDIP) stock declined over -14.06%, trading at $1.10 on NASDAQ, down from the previous close of $1.28. The stock opened at $1.21, fluctuating between $1.01 and $1.25 in the recent session.

Stock Snapshot

1.28

Prev. Close

463.54K

Market Cap

1.01

Day Low

2.380952380952381

P/E Ratio

0.462

EPS (TTM)

-17.6

Cash Flow per Share

1.21

Open

421.4K

Number of Shares

1.25

Day High

N/A

Free Float in %

19.15

Book Value

25.72K

Volume

Relevant Articles

SEC Fillings

Current Report (8-k)

Filing Date	Accepted Date

Annual Report (10-k)

Filing Date	Accepted Date

Stock Price History Chart

Date	Open	High	Low	Close	Volume
Jan 16, 2024	0.90	1.10	0.90	1.10	4.9K
Jan 12, 2024	1.00	1.25	0.92	1.10	10.78K
Jan 11, 2024	1.10	1.10	1.10	1.10	0
Jan 10, 2024	1.08	1.10	1.08	1.10	2.61K
Jan 09, 2024	0.90	1.10	0.90	1.10	986
Jan 08, 2024	1.00	1.05	0.83	1.05	46.8K
Jan 05, 2024	1.00	1.01	0.97	1.01	6.08K
Jan 04, 2024	1.00	1.02	1.00	1.02	4.81K
Jan 03, 2024	1.00	1.03	1.00	1.03	1.23K
Jan 02, 2024	0.99	1.02	0.95	0.95	11.59K
Dec 29, 2023	0.95	1.09	0.95	0.95	13.58K
Dec 28, 2023	0.70	1.00	0.70	0.95	9.57K
Dec 27, 2023	0.87	1.05	0.69	1.00	16.8K
Dec 26, 2023	0.90	0.93	0.90	0.90	3.99K
Dec 22, 2023	0.85	1.00	0.85	0.93	9.15K
Dec 21, 2023	1.00	1.00	0.60	1.00	13.15K
Dec 20, 2023	1.21	1.25	1.01	1.10	25.75K
Dec 19, 2023	1.39	1.39	1.25	1.28	11.06K
Dec 18, 2023	1.00	1.45	1.00	1.30	40.1K
Dec 15, 2023	0.90	2.10	0.90	1.32	208.3K

Contact Details

Gig Harbor, WA 98332

United States

https://www.harborcustomdev.com 253 649 0636

About Company

Harbor Custom Development, Inc. operates as a real estate development company in Washington, California, Texas, and Florida. The company is involved in land acquisition, entitlements, development, construction of project infrastructure, single and multi-family vertical construction, marketing, sales, and management of various residential projects. It undertakes projects, such as residential lots, home communities, townhomes, and multi-story condominium or apartment properties The company was formerly known as Harbor Custom Homes, Inc. and changed its name to Harbor Custom Development, Inc. in August 2019. Harbor Custom Development, Inc. was incorporated in 2014 and is based in Gig Harbor, Washington.

Stock Peers

JFB

-3.87-12.09%

JFB Construction Holdings Class A Common Stock$28.13 LSEA

Landsea Homes Corporation$11.31 AEI

-0.03-1.20%

Alset Inc.$2.48 AMBR

0.3+14.15%

Amber International Holding Ltd$2.42 LRE

0.01+0.79%

Lead Real Estate Co., Ltd American Depositary Shares$1.28 MRNO

-0.1399-14.88%

Murano Global Investments PLC Ordinary Shares$0.80 LSEAW

Landsea Homes Corporation$0.21 HCDI

-0.12-37.62%

Harbor Custom Development, Inc.$0.20 RENX

-0.0247-11.64%

RenX Enterprises Corp.$0.19 SGD

-0.0054-3.76%

Safe and Green Development Corporation$0.14

Company Overview

Harbor Custom Development, Inc. (NASDAQ:HCDIP) closed at $1.10 USD, losing -$0.18 (-14.06%) from the previous close of $1.28. The stock is currently mid-range between its 52-week high and low $0.60 and $8.40. With a market capitalization of about $463.54 thousand, Harbor Custom Development, Inc. is classified as a micro-cap and shows lower-than-market volatility (beta ~0.51). Key stats such as the average daily volume over the past year has been around 28.92 thousand shares, in line with its 52-week average. Headquartered in Gig Harbor, WA, Harbor Custom Development, Inc. operates in the Real Estate sector and the Real Estate - Development industry. Led by CEO Jeffrey B. Habersetzer, the company employs approximately 41 people and listed since June 10, 2021. Harbor Custom Development, Inc. operates as a real estate development company in Washington, California, Texas, and Florida.

Technical Performance

HCDIP has shown weak momentum, losing -3.99% over the past week and -16.1% over the past quarter, though year-to-date performance is down -69.87%.

Valuation Metrics

Harbor Custom Development, Inc. trades at a P/E ratio of -0.01, slightly below the S&P 500 average, with a price-to-sales ratio of 0.01 The P/FCF stands at -0.0, also above market averages.

Dividend & Fair Value

Harbor Custom Development, Inc. last paid a dividend of 2 per share, Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around $0.00.

Financial & Profitability Overview

Over the trailing twelve months, Harbor Custom Development generated $55.41M in revenue, or $79.22 per share. Gross margin was -0.82%, operating margin -30.12%, and net profit margin -30.54%. Returns are negative, with ROA at -7.17% and ROE at -22.40%.
On valuation metrics, Harbor Custom Development trades at a P/E of -0.01, P/S of 0.01 and P/B of 0.00. The current ratio is 1.29 and quick ratio is 0.42. Operationally, the company’s inventory turnover is 1.62 and cash conversion cycle is 183.36 days. Debt-to-equity is 1.92, supported by a cash flow-to-debt ratio of -0.65.

Quarterly Financial Highlights

For the quarter ended Dec 31, 2022, Harbor Custom Development posted revenue of $55.41M, down slightly from $72.35M in the prior quarter. Gross profit was - $452.50K (margin -0.82%). Operating income was - $16.69M (margin -30.1%). Net income was- $16.92M (EPS - $24.19).
The company ended the quarter with $9.67M in cash and short-term investments, a total debt of $145.34M, and net debt of $135.67M. Total assets were $236.17M, with equity of $75.56M. Financials further reflected weakness, with operating cash flow of - $93.87M, free cash flow of - $96.52M, and capital expenditures of - $2.65M.

Price Forecast & Outlook

Our AI price prediction model suggests that Harbor Custom Development, Inc. stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term. 2-Week Outlook: Projected increase of 134.55%, with price expected at $2.58 by November 24, 2023, within a range of $2.43 to $2.72

Key Takeaways

Harbor Custom Development, Inc. (NASDAQ:HCDIP) shares are down -69.87% year-to-date Short-term momentum has been negative over the last quarter, despite recent volatility. Valuation shows Harbor Custom Development, Inc. trading at a premium to the broader market with a P/E of -0.01.

Frequently Asked Questions

What is the current Harbor Custom Development, Inc. (HCDIP) stock price?

Harbor Custom Development, Inc. (NASDAQ: HCDIP) stock price is $1.10 in the last trading session. During the trading session, HCDIP stock reached the peak price of $1.25 while $1.01 was the lowest point it dropped to. The percentage change in HCDIP stock occurred in the recent session was -14.06% while the dollar amount for the price change in HCDIP stock was - $0.18.

HCDIP's industry and sector of operation?

The NASDAQ listed HCDIP is part of Real Estate - Development industry that operates in the broader Real Estate sector. Harbor Custom Development, Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.

Who are the executives of HCDIP?

Ms. Jennifer Lang
Vice President of Marketing
Mr. James Burton
Corporation Sec. & Corp. Counsel
Mr. Yoshi Niino
Chief Accounting Officer
Mr. Lance D. Brown
Interim Chief Operating Officer & Chief Financial Officer
Mr. Sterling Griffin
Non-Executive Strategic Advisor
Mr. Jeffrey B. Habersetzer
Interim Chief Executive Officer, Interim Pres & Chief Operating Officer

How HCDIP did perform over past 52-week?

HCDIP's closing price is 83.33% higher than its 52-week low of $0.60 where as its distance from 52-week high of $8.40 is -86.91%.

How many employees does HCDIP have?

Number of HCDIP employees currently stands at 41.

Link for HCDIP official website?

Official Website of HCDIP is: https://www.harborcustomdev.com

How do I contact HCDIP?

HCDIP could be contacted at phone 253 649 0636 and can also be accessed through its website. HCDIP operates from 11505 Burnham Drive, Gig Harbor, WA 98332, United States.

How many shares of HCDIP are traded daily?

HCDIP stock volume for the day was 25.72K shares. The average number of HCDIP shares traded daily for last 3 months was 28.92K.

What is the market cap of HCDIP currently?

The market value of HCDIP currently stands at $463.54K with its latest stock price at $1.10 and 421.4K of its shares outstanding.

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Employees	41
Beta	0.51
Sales or Revenue	$55.41M
5Y Sales Change%	3%
Fiscal Year Ends	December
Sector	Real Estate
Industry	Real Estate - Development

HCDIP Company Profile and Key Details

Harbor Custom Development

Price Chart

Stock Price Today

Stock Snapshot

Relevant Articles

SEC Fillings

Current Report (8-k)

Annual Report (10-k)

Stock Price History Chart

Contact Details

About Company

Company Information

Stock Peers

Company Overview

Technical Performance

Valuation Metrics

Dividend & Fair Value

Financial & Profitability Overview

Quarterly Financial Highlights

Price Forecast & Outlook

Key Takeaways

Frequently Asked Questions

Technical Performance

Company Overview

Financial & Profitability Overview

Quarterly Financial Highlights

Dividend & Fair Value

Price Forecast & Outlook

Key Takeaways

Valuation Metrics