Dynatrace Inc. (NYSE: DT)’s stock price has increased by 1.96 compared to its previous closing price of 38.36. Despite this, the company has experienced a -7.17% fall in its stock price over the last five trading sessions. Barron’s reported on 02/01/23 that Dynatrace Stock Spikes as Earnings Top Expectations
Is It Worth Investing in Dynatrace Inc. (NYSE: DT) Right Now?
The price-to-earnings ratio for Dynatrace Inc. (NYSE: DT) is above average at 399.08x. The 36-month beta value for DT is also noteworthy at 1.12.
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The average price estimated by analysts for DT is $49.09, which is $9.49 above than the current price. The public float for DT is 194.88M, and at present, short sellers hold a 5.15% of that float. The average trading volume of DT on March 15, 2023 was 2.73M shares.
DT’s Market Performance
DT’s stock has seen a -7.17% decrease for the week, with a -9.78% drop in the past month and a 5.82% gain in the past quarter. The volatility ratio for the week is 3.89%, and the volatility levels for the past 30 days are at 2.88% for Dynatrace Inc. The simple moving average for the last 20 days is -7.76% for DT stock, with a simple moving average of 1.15% for the last 200 days.
Analysts’ Opinion of DT
Many brokerage firms have already submitted their reports for DT stocks, with Barclays repeating the rating for DT by listing it as a “Equal Weight.” The predicted price for DT in the upcoming period, according to Barclays is $39 based on the research report published on January 10th of the current year 2023.
Wedbush, on the other hand, stated in their research note that they expect to see DT reach a price target of $35. The rating they have provided for DT stocks is “Neutral” according to the report published on December 15th, 2022.
Macquarie gave a rating of “Neutral” to DT, setting the target price at $38 in the report published on November 02nd of the previous year.
DT Trading at -3.95% from the 50-Day Moving Average
After a stumble in the market that brought DT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.07% of loss for the given period.
Volatility was left at 2.88%, however, over the last 30 days, the volatility rate increased by 3.89%, as shares sank -10.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.66% upper at present.
During the last 5 trading sessions, DT fell by -7.17%, which changed the moving average for the period of 200-days by +3.69% in comparison to the 20-day moving average, which settled at $42.18. In addition, Dynatrace Inc. saw 2.11% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DT starting from Pace Stephen J., who sale 15,812 shares at the price of $42.27 back on Mar 01. After this action, Pace Stephen J. now owns 120,923 shares of Dynatrace Inc., valued at $668,378 using the latest closing price.
Greifeneder Bernd, the SVP, Chief Technology Officer of Dynatrace Inc., sale 4,972 shares at $43.49 during a trade that took place back on Feb 16, which means that Greifeneder Bernd is holding 932,617 shares at $216,252 based on the most recent closing price.
Stock Fundamentals for DT
Equity return is now at value 2.10, with 1.20 for asset returns.
Conclusion
In summary, Dynatrace Inc. (DT) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
