DHT Holdings Inc (NYSE: DHT) has seen a rise in its stock price by 2.26 in relation to its previous close of 11.50. However, the company has experienced a 5.47% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-19 that The best dividend stocks are those that can produce both steady returns from both their quarterly payouts and from long-term price appreciation. For the most part, these names offer more of the latter than of the former.
Is It Worth Investing in DHT Holdings Inc (NYSE: DHT) Right Now?
The price-to-earnings ratio for DHT Holdings Inc (NYSE: DHT) is above average at 11.84x, Company’s 36-month beta value is -0.34.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for DHT is 133.36M, and currently, short sellers hold a 2.63% ratio of that floaft. The average trading volume of DHT on April 02, 2024 was 1.97M shares.
DHT’s Market Performance
The stock of DHT Holdings Inc (DHT) has seen a 5.47% increase in the past week, with a 8.69% rise in the past month, and a 19.51% gain in the past quarter. The volatility ratio for the week is 1.86%, and the volatility levels for the past 30 days are at 2.18% for DHT. The simple moving average for the past 20 days is 5.60% for DHT’s stock, with a 16.59% 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 “Buy.” The predicted price for DHT in the upcoming period, according to Jefferies is $14 based on the research report published on March 21, 2024 of the current year 2024.
Stifel, on the other hand, stated in their research note that they expect to see DHT reach a price target of $11. The rating they have provided for DHT stocks is “Hold” according to the report published on October 19th, 2023.
Jefferies gave a rating of “Hold” to DHT, setting the target price at $10 in the report published on May 04th of the previous year.
DHT Trading at 6.54% 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 -1.18% of loss for the given period.
Volatility was left at 2.18%, however, over the last 30 days, the volatility rate increased by 1.86%, as shares surge +6.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.81% upper at present.
During the last 5 trading sessions, DHT rose by +5.47%, which changed the moving average for the period of 200-days by +38.19% in comparison to the 20-day moving average, which settled at $11.17. In addition, DHT Holdings Inc saw 19.88% 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:
- 0.34 for the present operating margin
- 0.37 for the gross margin
The net margin for DHT Holdings Inc stands at 0.29. The total capital return value is set at 0.13. Equity return is now at value 15.40, with 10.75 for asset returns.
Based on DHT Holdings Inc (DHT), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.58. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is 5.81.
Currently, EBITDA for the company is 297.53 million with net debt to EBITDA at 1.19. When we switch over and look at the enterprise to sales, we see a ratio of 4.03. The receivables turnover for the company is 7.38for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.54.
Conclusion
In a nutshell, DHT Holdings Inc (DHT) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
