Dole plc (NYSE: DOLE)’s stock price has plunge by 0.58relation to previous closing price of 15.54. Nevertheless, the company has seen a 2.36% surge in its stock price over the last five trading sessions. zacks.com reported 2024-08-19 that Dole (DOLE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Is It Worth Investing in Dole plc (NYSE: DOLE) Right Now?
Dole plc (NYSE: DOLE) has a price-to-earnings ratio of 6.96x that is above its average ratio. Additionally, the 36-month beta value for DOLE is 0.85. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for DOLE is 61.42M and currently, short sellers hold a 3.68% ratio of that float. The average trading volume of DOLE on August 22, 2024 was 661.71K shares.
DOLE’s Market Performance
DOLE’s stock has seen a 2.36% increase for the week, with a 10.69% rise in the past month and a 23.07% gain in the past quarter. The volatility ratio for the week is 2.11%, and the volatility levels for the past 30 days are at 2.39% for Dole plc The simple moving average for the past 20 days is 5.45% for DOLE’s stock, with a 27.64% simple moving average for the past 200 days.
DOLE Trading at 15.95% from the 50-Day Moving Average
After a stumble in the market that brought DOLE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.60% of loss for the given period.
Volatility was left at 2.39%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares surge +7.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.01% upper at present.
During the last 5 trading sessions, DOLE rose by +2.19%, which changed the moving average for the period of 200-days by +35.46% in comparison to the 20-day moving average, which settled at $14.88. In addition, Dole plc saw 27.18% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for DOLE
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.09 for the gross margin
The net margin for Dole plc stands at 0.03. The total capital return value is set at 0.11. Equity return is now at value 14.56, with 4.15 for asset returns.
Based on Dole plc (DOLE), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 0.76. The interest coverage ratio of the stock is 4.03.
Currently, EBITDA for the company is 330.2 million with net debt to EBITDA at 3.05. When we switch over and look at the enterprise to sales, we see a ratio of 0.31. The receivables turnover for the company is 10.87for trailing twelve months and the total asset turnover is 1.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
Conclusion
In conclusion, Dole plc (DOLE) has seen better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
