DHT Holdings Inc (NYSE: DHT)’s stock price has dropped by -0.24 in relation to previous closing price of 10.31. Nevertheless, the company has seen a loss of -1.39% in its stock price over the last five trading days. benzinga.com reported 2024-09-04 that During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
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 10.56x. The 36-month beta value for DHT is also noteworthy at -0.37. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
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The public float for DHT is 139.13M, and at present, short sellers hold a 5.29% of that float. The average trading volume of DHT on September 10, 2024 was 2.03M shares.
DHT’s Market Performance
DHT’s stock has seen a -1.39% decrease for the week, with a -5.82% drop in the past month and a -12.32% fall in the past quarter. The volatility ratio for the week is 1.94%, and the volatility levels for the past 30 days are at 2.23% for DHT Holdings Inc The simple moving average for the last 20 days is -4.79% for DHT’s stock, with a simple moving average of -7.39% for the last 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 -7.15% 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 -19.65% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 1.94%, as shares sank -7.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.37% lower at present.
During the last 5 trading sessions, DHT fell by -1.68%, which changed the moving average for the period of 200-days by +1.33% in comparison to the 20-day moving average, which settled at $10.76. In addition, DHT Holdings Inc saw 4.84% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DHT starting from Kramer Jeremy, who proposed sale 27,027 shares at the price of $11.36 back on Aug 19 ’24. After this action, Kramer Jeremy now owns shares of DHT Holdings Inc, valued at $307,027 using the latest closing price.
Stock Fundamentals for DHT
Current profitability levels for the company are sitting at:
- 0.33 for the present operating margin
- 0.36 for the gross margin
The net margin for DHT Holdings Inc stands at 0.28. The total capital return value is set at 0.13. Equity return is now at value 15.02, with 10.57 for asset returns.
Based on DHT Holdings Inc (DHT), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.6. The debt to equity ratio resting at 0.4. The interest coverage ratio of the stock is 5.41.
Currently, EBITDA for the company is 297.53 million with net debt to EBITDA at 1.13. When we switch over and look at the enterprise to sales, we see a ratio of 3.51. The receivables turnover for the company is 8.1for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.87.
Conclusion
In summary, DHT Holdings Inc (DHT) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
