The stock price of Discover Financial Services (NYSE: DFS) has surged by 1.82 when compared to previous closing price of 149.14, but the company has seen a 0.74% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-10-28 that RIVERWOODS, Ill.–(BUSINESS WIRE)–Discover® Global Network, a leading global payment network, released the third portion of its 2024 Payments State of the Union, the most comprehensive study of its kind, with key insights into the payments ecosystem. Conducted in partnership with 451 Research of S&P Global Market Intelligence, Discover Global Network surveyed thousands of decision-makers across fintechs, merchants, and consumers to better understand if ecosystem priorities are aligned. Ove.
Is It Worth Investing in Discover Financial Services (NYSE: DFS) Right Now?
The price-to-earnings ratio for Discover Financial Services (NYSE: DFS) is above average at 12.25x, Company’s 36-month beta value is 1.40.Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 8 as “overweight,” 8 as “hold,” and 1 as “sell.”
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The public float for DFS is 249.78M, and currently, short sellers hold a 1.51% ratio of that floaft. The average trading volume of DFS on November 06, 2024 was 1.25M shares.
DFS’s Market Performance
DFS’s stock has seen a 0.74% increase for the week, with a 5.41% rise in the past month and a 23.05% gain in the past quarter. The volatility ratio for the week is 3.32%, and the volatility levels for the past 30 days are at 2.75% for Discover Financial Services The simple moving average for the last 20 days is 2.61% for DFS stock, with a simple moving average of 17.98% for the last 200 days.
Analysts’ Opinion of DFS
Morgan Stanley, on the other hand, stated in their research note that they expect to see DFS reach a price target of $133, previously predicting the price at $105. The rating they have provided for DFS stocks is “Overweight” according to the report published on February 08th, 2024.
HSBC Securities gave a rating of “Hold” to DFS, setting the target price at $107 in the report published on January 19th of the current year.
DFS Trading at 7.57% from the 50-Day Moving Average
After a stumble in the market that brought DFS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.32% of loss for the given period.
Volatility was left at 2.75%, however, over the last 30 days, the volatility rate increased by 3.32%, as shares surge +6.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.40% upper at present.
During the last 5 trading sessions, DFS rose by +0.74%, which changed the moving average for the period of 200-days by +52.38% in comparison to the 20-day moving average, which settled at $147.99. In addition, Discover Financial Services saw 35.10% 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 DFS starting from Greene John, who sale 35,191 shares at the price of $106.51 back on Jan 26 ’24. After this action, Greene John now owns 18,592 shares of Discover Financial Services, valued at $3,748,193 using the latest closing price.
Stock Fundamentals for DFS
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 1.0 for the gross margin
The net margin for Discover Financial Services stands at 0.14. The total capital return value is set at 0.05. Equity return is now at value 20.17, with 2.15 for asset returns.
Based on Discover Financial Services (DFS), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.53. The debt to equity ratio resting at 1.05. The interest coverage ratio of the stock is 2.63.
Currently, EBITDA for the company is 168.0 million with net debt to EBITDA at 13.47. When we switch over and look at the enterprise to sales, we see a ratio of 2.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.27.
Conclusion
In a nutshell, Discover Financial Services (DFS) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
