Delek US Holdings Inc. (NYSE: DK)’s stock price has decreased by -5.46 compared to its previous closing price of 22.36. Despite this, the company has seen a loss of -13.85% in its stock price over the last five trading days. The Wall Street Journal reported on 03/06/23 that Toblerone Is Removing the Matterhorn From Its Packaging
Is It Worth Investing in Delek US Holdings Inc. (NYSE: DK) Right Now?
Delek US Holdings Inc. (NYSE: DK) has a price-to-earnings ratio of 6.02x that is above its average ratio. Additionally, the 36-month beta value for DK is 1.49. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 8 rating it as “hold,” and 2 rating it as “sell.”
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The average price predicted by analysts for DK is $31.00, which is $10.28 above the current price. The public float for DK is 66.27M and currently, short sellers hold a 11.63% ratio of that float. The average trading volume of DK on March 16, 2023 was 1.52M shares.
DK’s Market Performance
DK’s stock has seen a -13.85% decrease for the week, with a -20.68% drop in the past month and a -22.11% fall in the past quarter. The volatility ratio for the week is 4.78%, and the volatility levels for the past 30 days are at 4.26% for Delek US Holdings Inc. The simple moving average for the last 20 days is -16.89% for DK stock, with a simple moving average of -23.37% for the last 200 days.
Analysts’ Opinion of DK
Many brokerage firms have already submitted their reports for DK stocks, with UBS repeating the rating for DK by listing it as a “Neutral.” The predicted price for DK in the upcoming period, according to UBS is $29 based on the research report published on March 09th of the current year 2023.
Piper Sandler, on the other hand, stated in their research note that they expect to see DK reach a price target of $32, previously predicting the price at $49. The rating they have provided for DK stocks is “Neutral” according to the report published on January 20th, 2023.
Mizuho gave a rating of “Underperform” to DK, setting the target price at $30 in the report published on January 10th of the current year.
DK Trading at -17.83% from the 50-Day Moving Average
After a stumble in the market that brought DK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.37% of loss for the given period.
Volatility was left at 4.26%, however, over the last 30 days, the volatility rate increased by 4.78%, as shares sank -21.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.70% lower at present.
During the last 5 trading sessions, DK fell by -13.85%, which changed the moving average for the period of 200-days by -25.67% in comparison to the 20-day moving average, which settled at $25.15. In addition, Delek US Holdings Inc. saw -21.70% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DK starting from Delek US Holdings, Inc., who sale 10,561 shares at the price of $40.27 back on Mar 18. After this action, Delek US Holdings, Inc. now owns 34,311,278 shares of Delek US Holdings Inc., valued at $425,291 using the latest closing price.
Delek US Holdings, Inc., the Director of Delek US Holdings Inc., sale 68 shares at $40.09 during a trade that took place back on Mar 16, which means that Delek US Holdings, Inc. is holding 34,332,400 shares at $2,726 based on the most recent closing price.
Stock Fundamentals for DK
Current profitability levels for the company are sitting at:
- +2.40 for the present operating margin
- +4.11 for the gross margin
The net margin for Delek US Holdings Inc. stands at +1.27. Equity return is now at value 24.70, with 3.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.20.
Conclusion
In conclusion, Delek US Holdings Inc. (DK) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
