Diamondback Energy Inc. (NASDAQ:FANG) went down by -8.52% from its latest closing price compared to the recent 1-year high of $162.24. The company’s stock price has collected -21.35% of loss in the last five trading sessions. The Wall Street Journal reported on 12/01/21 that Salesforce, Snowflake, Zscaler, Box: What to Watch in the Stock Market Today
Is It Worth Investing in Diamondback Energy Inc. (NASDAQ :FANG) Right Now?
Diamondback Energy Inc. (NASDAQ:FANG) scored a price-to-earnings ratio above its average ratio, recording 8.05 x from its present earnings ratio. Plus, the 36-month beta value for FANG is at 2.08. Opinions of the stock are interesting as 24 analysts out of 32 who provided ratings for Diamondback Energy Inc. declared the stock was a “buy,” while 4 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $183.50, which is $57.91 above the current price. FANG currently public float of 176.66M and currently shorts hold a 4.70% ratio of that float. Today, the average trading volume of FANG was 2.63M shares.
FANG’s Market Performance
FANG stocks went down by -21.35% for the week, with a monthly drop of -4.73% and a quarterly performance of -5.25%, while its annual performance rate touched 44.52%. The volatility ratio for the week stands at 7.04% while the volatility levels for the past 30 days are set at 4.65% for Diamondback Energy Inc. The simple moving average for the period of the last 20 days is -17.20% for FANG stocks with a simple moving average of 3.06% for the last 200 days.
Analysts’ Opinion of FANG
Many brokerage firms have already submitted their reports for FANG stocks, with Barclays repeating the rating for FANG by listing it as a “Overweight.” The predicted price for FANG in the upcoming period, according to Barclays is $160 based on the research report published on May 25th of the current year 2022.
BofA Securities gave a rating of “Neutral” to FANG, setting the target price at $170 in the report published on March 08th of the current year.
FANG Trading at -11.48% from the 50-Day Moving Average
After a stumble in the market that brought FANG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.62% of loss for the given period.
Volatility was left at 4.65%, however, over the last 30 days, the volatility rate increased by 7.04%, as shares sank -5.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.46% lower at present.
During the last 5 trading sessions, FANG fell by -21.35%, which changed the moving average for the period of 200-days by +64.90% in comparison to the 20-day moving average, which settled at $147.32. In addition, Diamondback Energy Inc. saw 15.48% 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 FANG starting from Van’t Hof Matthew Kaes, who sale 6,000 shares at the price of $160.00 back on Jun 07. After this action, Van’t Hof Matthew Kaes now owns 61,334 shares of Diamondback Energy Inc., valued at $960,000 using the latest closing price.
Stice Travis D., the Chief Executive Officer of Diamondback Energy Inc., sale 30,000 shares at $150.01 during a trade that took place back on May 27, which means that Stice Travis D. is holding 428,497 shares at $4,500,303 based on the most recent closing price.
Stock Fundamentals for FANG
Current profitability levels for the company are sitting at:
- +60.01 for the present operating margin
- +62.25 for the gross margin
The net margin for Diamondback Energy Inc. stands at +32.10. Equity return is now at value 23.20, with 12.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.01.