Delta Apparel Inc. (AMEX: DLA)’s stock price has dropped by -33.10 in relation to previous closing price of 2.81. Nevertheless, the company has seen a loss of -26.27% in its stock price over the last five trading days. Business Wire reported 2024-05-02 that DULUTH, Ga.–(BUSINESS WIRE)–Delta Apparel, Inc. (NYSE American: DLA), a leading provider of core activewear, lifestyle apparel products, and on-demand digital print strategies, today announced that it will report its fiscal year 2024 second quarter results on Wednesday, May 8, 2024, after the market closes. At 4:30 p.m. ET on that day, the Company will also hold a conference call with senior management to discuss its financial results. The Company invites you to join the call by dialing 800-3.
Is It Worth Investing in Delta Apparel Inc. (AMEX: DLA) Right Now?
The stock has a 36-month beta value of 1.20. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for DLA is 5.93M, and at present, short sellers hold a 0.84% of that float. On May 10, 2024, the average trading volume of DLA was 41.13K shares.
DLA’s Market Performance
DLA stock saw a decrease of -26.27% in the past week, with a monthly decline of -30.63% and a quarterly a decrease of -74.35%. The volatility ratio for the week is 11.26%, and the volatility levels for the last 30 days are 8.45% for Delta Apparel Inc. (DLA). The simple moving average for the past 20 days is -27.20% for DLA’s stock, with a -70.44% simple moving average for the past 200 days.
Analysts’ Opinion of DLA
Many brokerage firms have already submitted their reports for DLA stocks, with ROTH Capital repeating the rating for DLA by listing it as a “Buy.” The predicted price for DLA in the upcoming period, according to ROTH Capital is $25 based on the research report published on August 01, 2019 of the previous year 2019.
ROTH Capital gave a rating of “Buy” to DLA, setting the target price at $17 in the report published on August 04th of the previous year.
DLA Trading at -34.65% from the 50-Day Moving Average
After a stumble in the market that brought DLA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -83.64% of loss for the given period.
Volatility was left at 8.45%, however, over the last 30 days, the volatility rate increased by 11.26%, as shares sank -29.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -47.63% lower at present.
During the last 5 trading sessions, DLA fell by -26.27%, which changed the moving average for the period of 200-days by -80.21% in comparison to the 20-day moving average, which settled at $2.54. In addition, Delta Apparel Inc. saw -73.63% 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 DLA starting from Stillwell Jeffery Neil, who purchase 3,000 shares at the price of $9.47 back on May 19 ’23. After this action, Stillwell Jeffery Neil now owns 59,157 shares of Delta Apparel Inc., valued at $28,410 using the latest closing price.
Stillwell Jeffery Neil, the President, Salt Life Group of Delta Apparel Inc., purchase 3,000 shares at $9.90 during a trade that took place back on May 18 ’23, which means that Stillwell Jeffery Neil is holding 56,157 shares at $29,700 based on the most recent closing price.
Stock Fundamentals for DLA
Current profitability levels for the company are sitting at:
- -0.08 for the present operating margin
- 0.13 for the gross margin
The net margin for Delta Apparel Inc. stands at -0.1. The total capital return value is set at -0.15. Equity return is now at value -48.32, with -15.36 for asset returns.
Based on Delta Apparel Inc. (DLA), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 1.42. The interest coverage ratio of the stock is -2.13.
Currently, EBITDA for the company is -20.24 million with net debt to EBITDA at -13.38. When we switch over and look at the enterprise to sales, we see a ratio of 0.56. The receivables turnover for the company is 11.25for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.01.
Conclusion
To sum up, Delta Apparel Inc. (DLA) has seen a bad 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.
