CDK Global Inc. (NASDAQ:CDK) went down by -0.80% from its latest closing price compared to the recent 1-year high of $54.70. The company’s stock price has collected -1.56% of loss in the last five trading sessions. Barron’s reported on 11/26/21 that CDK Global Stock Is a Steal in the Pricey World of Autos
Is It Worth Investing in CDK Global Inc. (NASDAQ :CDK) Right Now?
CDK Global Inc. (NASDAQ:CDK) scored a price-to-earnings ratio above its average ratio, recording 30.72 x from its present earnings ratio. Plus, the 36-month beta value for CDK is at 1.02. Opinions of the stock are interesting as 0 analysts out of 1 who provided ratings for CDK Global Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $48.00, which is $7.68 above the current price. CDK currently public float of 116.12M and currently shorts hold a 5.44% ratio of that float. Today, the average trading volume of CDK was 2.07M shares.
CDK’s Market Performance
CDK stocks went down by -1.56% for the week, with a monthly drop of -1.67% and a quarterly performance of 23.75%, while its annual performance rate touched 2.66%. The volatility ratio for the week stands at 0.61% while the volatility levels for the past 30 days are set at 0.34% for CDK Global Inc.. The simple moving average for the period of the last 20 days is -1.49% for CDK stocks with a simple moving average of 19.53% for the last 200 days.
Analysts’ Opinion of CDK
Many brokerage firms have already submitted their reports for CDK stocks, with Morgan Stanley repeating the rating for CDK by listing it as a “Equal-Weight.” The predicted price for CDK in the upcoming period, according to Morgan Stanley is $48 based on the research report published on December 16th of the previous year 2021.
Morgan Stanley, on the other hand, stated in their research note that they expect to see CDK reach a price target of $55. The rating they have provided for CDK stocks is “Overweight” according to the report published on June 08th, 2020.
Wells Fargo gave a rating of “Overweight” to CDK, setting the target price at $65 in the report published on January 09th of the previous year.
CDK Trading at 5.20% from the 50-Day Moving Average
After a stumble in the market that brought CDK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.07% of loss for the given period.
Volatility was left at 0.34%, however, over the last 30 days, the volatility rate increased by 0.61%, as shares sank -1.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.61% upper at present.
During the last 5 trading sessions, CDK fell by -1.56%, which changed the moving average for the period of 200-days by +11.26% in comparison to the 20-day moving average, which settled at $54.33. In addition, CDK Global Inc. saw 28.34% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at CDK starting from Brunz Lee J., who sale 1,447 shares at the price of $42.96 back on Sep 13. After this action, Brunz Lee J. now owns 69,129 shares of CDK Global Inc., valued at $62,169 using the latest closing price.
Stock Fundamentals for CDK
Current profitability levels for the company are sitting at:
- +26.14 for the present operating margin
- +52.44 for the gross margin
The net margin for CDK Global Inc. stands at +10.85. The total capital return value is set at 20.39, while invested capital returns managed to touch 8.62.
Based on CDK Global Inc. (CDK), the company’s capital structure generated 340.70 points at debt to equity in total, while total debt to capital is 77.31. Total debt to assets is 60.39, with long-term debt to equity ratio resting at 336.44. Finally, the long-term debt to capital ratio is 76.34.
When we switch over and look at the enterprise to sales, we see a ratio of 4.42, with the company’s debt to enterprise value settled at 0.22. The receivables turnover for the company is 4.98 and the total asset turnover is 0.60. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.