The price-to-earnings ratio for Davis Commodities Ltd. (NASDAQ: DTCK) is 7.21x, which is above its average ratio.
The public float for DTCK is 0.31M and currently, short sellers hold a 16.65% of that float. On May 06, 2024, DTCK’s average trading volume was 156.34K shares.
DTCK) stock’s latest price update
The stock of Davis Commodities Ltd. (NASDAQ: DTCK) has increased by 12.95 when compared to last closing price of 1.05.Despite this, the company has seen a gain of 14.04% in its stock price over the last five trading days. Seeking Alpha reported 2023-09-26 that Singaporean agricultural commodity trading company, Davis Commodities Ltd., went public last week but has seen minimal growth since listing. Davis has an asset-light business model with significant pricing power and high returns in 2022. The company’s profitability is driven by a global sugar shortage and cost-plus pricing, but the share price is largely speculative.
DTCK’s Market Performance
DTCK’s stock has risen by 14.04% in the past week, with a monthly rise of 11.89% and a quarterly rise of 15.16%. The volatility ratio for the week is 12.74% while the volatility levels for the last 30 days are 12.05% for Davis Commodities Ltd. The simple moving average for the past 20 days is 10.21% for DTCK’s stock, with a -29.32% simple moving average for the past 200 days.
DTCK Trading at 10.10% from the 50-Day Moving Average
After a stumble in the market that brought DTCK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -86.82% of loss for the given period.
Volatility was left at 12.05%, however, over the last 30 days, the volatility rate increased by 12.74%, as shares surge +11.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.89% upper at present.
During the last 5 trading sessions, DTCK rose by +14.04%, in comparison to the 20-day moving average, which settled at $1.0824. In addition, Davis Commodities Ltd. saw 14.04% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for DTCK
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.05 for the gross margin
The net margin for Davis Commodities Ltd. stands at 0.03. The total capital return value is set at 0.53. Equity return is now at value 95.58, with 20.36 for asset returns.
Based on Davis Commodities Ltd. (DTCK), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at -1.99. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is 172.61.
Currently, EBITDA for the company is 5.63 million with net debt to EBITDA at -0.36. When we switch over and look at the enterprise to sales, we see a ratio of 0.18. The receivables turnover for the company is 6.66for trailing twelve months and the total asset turnover is 4.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.27.
Conclusion
To wrap up, the performance of Davis Commodities Ltd. (DTCK) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
