DHT Holdings Inc. (NYSE: DHT) has a price-to-earnings ratio that is above its average at 13.22x. and a 36-month beta value of -0.14. Opinions on the stock are mixed, with 10 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The average price predicted for DHT Holdings Inc. (DHT) by analysts is $12.93, which is $3.09 above the current market price. The public float for DHT is 135.11M, and at present, short sellers hold a 3.37% of that float. On September 19, 2023, the average trading volume of DHT was 2.27M shares.
DHT) stock’s latest price update
The stock of DHT Holdings Inc. (NYSE: DHT) has increased by 5.00 when compared to last closing price of 9.00. Despite this, the company has experienced a 7.14% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2023-09-11 that VLCC spot rates are extremely low, with owners potentially paying cargo owners to ship their crude oil. The supply of VLCCs looks bullish, with few new vessels being ordered, particularly in comparison to product tankers. Despite concerns about the demand for crude oil, the growth in the market is expected to continue, benefiting shipowners of VLCCs.
DHT’s Market Performance
DHT’s stock has risen by 7.14% in the past week, with a monthly drop of -5.69% and a quarterly rise of 8.12%. The volatility ratio for the week is 3.10% while the volatility levels for the last 30 days are 2.72% for DHT Holdings Inc. The simple moving average for the past 20 days is 2.18% for DHT’s stock, with a 0.96% simple moving average for the past 200 days.
Analysts’ Opinion of DHT
Many brokerage firms have already submitted their reports for DHT stocks, with Jefferies repeating the rating for DHT by listing it as a “Hold.” The predicted price for DHT in the upcoming period, according to Jefferies is $10 based on the research report published on May 04, 2023 of the current year 2023.
DHT Trading at 1.63% from the 50-Day Moving Average
After a stumble in the market that brought DHT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.09% of loss for the given period.
Volatility was left at 2.72%, however, over the last 30 days, the volatility rate increased by 3.10%, as shares sank -5.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.25% upper at present.
During the last 5 trading sessions, DHT rose by +7.14%, which changed the moving average for the period of 200-days by -4.26% in comparison to the 20-day moving average, which settled at $9.22. In addition, DHT Holdings Inc. saw 6.42% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for DHT
Current profitability levels for the company are sitting at:
- +11.31 for the present operating margin
- +15.06 for the gross margin
The net margin for DHT Holdings Inc. stands at +13.66. The total capital return value is set at 3.35, while invested capital returns managed to touch 4.10.
Based on DHT Holdings Inc. (DHT), the company’s capital structure generated 37.50 points at debt to equity in total, while total debt to capital is 27.27. Total debt to assets is 26.56, with long-term debt to equity ratio resting at 34.61. Finally, the long-term debt to capital ratio is 25.17.
When we switch over and look at the enterprise to sales, we see a ratio of 3.11, with the company’s debt to enterprise value settled at 0.23. The receivables turnover for the company is 10.03 and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.66.
To sum up, DHT Holdings Inc. (DHT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.