Deere & Company (NYSE: DE) has seen a rise in its stock price by 0.23 in relation to its previous close of 354.08. However, the company has experienced a -4.22% decline in its stock price over the last five trading sessions. Barron’s reported on 05/19/23 that Deere Smashes Earnings Estimates (Again). The Stock Is Down.
Is It Worth Investing in Deere & Company (NYSE: DE) Right Now?
Deere & Company (NYSE: DE) has a price-to-earnings ratio of 13.16x that is above its average ratio. Additionally, the 36-month beta value for DE is 1.03. There are mixed opinions on the stock, with 15 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for DE is $450.45, which is $100.77 above the current price. The public float for DE is 295.70M and currently, short sellers hold a 0.90% ratio of that float. The average trading volume of DE on May 26, 2023 was 1.71M shares.
DE’s Market Performance
The stock of Deere & Company (DE) has seen a -4.22% decrease in the past week, with a -5.27% drop in the past month, and a -14.98% fall in the past quarter. The volatility ratio for the week is 3.49%, and the volatility levels for the past 30 days are at 2.42% for DE. The simple moving average for the last 20 days is -4.75% for DE stock, with a simple moving average of -10.17% for the last 200 days.
DE Trading at -7.42% from the 50-Day Moving Average
After a stumble in the market that brought DE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.86% of loss for the given period.
Volatility was left at 2.42%, however, over the last 30 days, the volatility rate increased by 3.49%, as shares sank -4.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.12% lower at present.
During the last 5 trading sessions, DE fell by -4.22%, which changed the moving average for the period of 200-days by +3.26% in comparison to the 20-day moving average, which settled at $371.73. In addition, Deere & Company saw -17.23% 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 DE starting from CAMPBELL RYAN D, who sale 11,429 shares at the price of $439.69 back on Dec 01. After this action, CAMPBELL RYAN D now owns 13,147 shares of Deere & Company, valued at $5,025,217 using the latest closing price.
Howze Marc A, the Sr Advisor, Office of Chairman of Deere & Company, sale 10,910 shares at $442.79 during a trade that took place back on Nov 29, which means that Howze Marc A is holding 17,321 shares at $4,830,881 based on the most recent closing price.
Stock Fundamentals for DE
Current profitability levels for the company are sitting at:
- +18.63 for the present operating margin
- +29.22 for the gross margin
The net margin for Deere & Company stands at +13.58. The total capital return value is set at 14.01, while invested capital returns managed to touch 13.56. Equity return is now at value 41.20, with 9.30 for asset returns.
Based on Deere & Company (DE), the company’s capital structure generated 257.63 points at debt to equity in total, while total debt to capital is 72.04. Total debt to assets is 57.98, with long-term debt to equity ratio resting at 165.81. Finally, the long-term debt to capital ratio is 46.36.
When we switch over and look at the enterprise to sales, we see a ratio of 2.54, with the company’s debt to enterprise value settled at 0.31. The receivables turnover for the company is 2.05 and the total asset turnover is 0.60. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.27.
Conclusion
In conclusion, Deere & Company (DE) 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.
