Darling Ingredients Inc (NYSE: DAR)’s stock price has plunge by -0.87relation to previous closing price of 36.61. Nevertheless, the company has seen a 0.64% surge in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-25 that IRVING, Texas , Sept. 25, 2024 /PRNewswire/ — Darling Ingredients Inc. (NYSE: DAR), the world’s leading company turning food waste into sustainable products and producer of renewable energy, today announced that its 50/50 joint venture Diamond Green Diesel (DGD) will provide the first regular supply of sustainable aviation fuel (SAF) to Florida through an agreement between World Fuel and DHL Express.
Is It Worth Investing in Darling Ingredients Inc (NYSE: DAR) Right Now?
Darling Ingredients Inc (NYSE: DAR) has a higher price-to-earnings ratio of 15.91x compared to its average ratio. DAR has 36-month beta value of 1.24. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for DAR is 157.05M, and currently, short sellers hold a 6.59% ratio of that float. The average trading volume of DAR on October 03, 2024 was 2.00M shares.
DAR’s Market Performance
The stock of Darling Ingredients Inc (DAR) has seen a 0.64% increase in the past week, with a -10.06% drop in the past month, and a -1.81% fall in the past quarter. The volatility ratio for the week is 3.33%, and the volatility levels for the past 30 days are at 3.75% for DAR. The simple moving average for the last 20 days is -0.04% for DAR stock, with a simple moving average of -12.49% for the last 200 days.
Analysts’ Opinion of DAR
Many brokerage firms have already submitted their reports for DAR stocks, with TD Cowen repeating the rating for DAR by listing it as a “Hold.” The predicted price for DAR in the upcoming period, according to TD Cowen is $43 based on the research report published on September 13, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see DAR reach a price target of $48. The rating they have provided for DAR stocks is “Buy” according to the report published on June 12th, 2024.
Citigroup gave a rating of “Neutral” to DAR, setting the target price at $49 in the report published on February 01st of the current year.
DAR Trading at -4.11% from the 50-Day Moving Average
After a stumble in the market that brought DAR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.18% of loss for the given period.
Volatility was left at 3.75%, however, over the last 30 days, the volatility rate increased by 3.33%, as shares sank -7.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.26% lower at present.
During the last 5 trading sessions, DAR rose by +0.64%, which changed the moving average for the period of 200-days by -27.41% in comparison to the 20-day moving average, which settled at $36.16. In addition, Darling Ingredients Inc saw -27.19% 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 DAR starting from McNutt Patrick, who purchase 1,300 shares at the price of $39.85 back on Aug 16 ’24. After this action, McNutt Patrick now owns 21,867 shares of Darling Ingredients Inc, valued at $51,805 using the latest closing price.
Day Robert W, the EVP Chief Strategy Officer of Darling Ingredients Inc, purchase 2,532 shares at $39.37 during a trade that took place back on Jul 31 ’24, which means that Day Robert W is holding 12,607 shares at $99,685 based on the most recent closing price.
Stock Fundamentals for DAR
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.15 for the gross margin
The net margin for Darling Ingredients Inc stands at 0.06. The total capital return value is set at 0.04. Equity return is now at value 8.37, with 3.42 for asset returns.
Based on Darling Ingredients Inc (DAR), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 1.0. The interest coverage ratio of the stock is 1.37.
Currently, EBITDA for the company is 1.06 billion with net debt to EBITDA at 5.04. When we switch over and look at the enterprise to sales, we see a ratio of 1.68. The receivables turnover for the company is 9.95for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.57.
Conclusion
To put it simply, Darling Ingredients Inc (DAR) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
