The stock price of DHT Holdings Inc (NYSE: DHT) has surged by 1.83 when compared to previous closing price of 9.28, but the company has seen a 6.11% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-12-24 that DHT Holdings offers pure-play exposure to the VLCC market, which exhibits some of the tightest supply dynamics in the maritime industry. The company is also strengthening its position in the VLCC market. Four new state-of-the-art vessels are currently under construction and are expected to be delivered in 2026. The company is committed to returning 100% of net income to shareholders as dividends. Since Q3-22, DHT has paid $2.19 per share in cumulative dividends.
Is It Worth Investing in DHT Holdings Inc (NYSE: DHT) Right Now?
DHT Holdings Inc (NYSE: DHT) has a price-to-earnings ratio of 9.43x that is above its average ratio. Additionally, the 36-month beta value for DHT is -0.42. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for DHT is 139.12M and currently, short sellers hold a 3.83% ratio of that float. The average trading volume of DHT on December 26, 2024 was 1.68M shares.
DHT’s Market Performance
DHT stock saw a decrease of 6.11% in the past week, with a monthly decline of -6.65% and a quarterly a decrease of -9.48%. The volatility ratio for the week is 3.23%, and the volatility levels for the last 30 days are 3.37% for DHT Holdings Inc (DHT). The simple moving average for the last 20 days is 1.38% for DHT stock, with a simple moving average of -14.54% for the last 200 days.
Analysts’ Opinion of DHT
Many brokerage firms have already submitted their reports for DHT stocks, with Kepler repeating the rating for DHT by listing it as a “Hold.” The predicted price for DHT in the upcoming period, according to Kepler is $9.70 based on the research report published on December 12, 2024 of the current year 2024.
BTIG Research, on the other hand, stated in their research note that they expect to see DHT reach a price target of $16. The rating they have provided for DHT stocks is “Buy” according to the report published on October 15th, 2024.
Jefferies gave a rating of “Buy” to DHT, setting the target price at $14 in the report published on March 21st of the current year.
DHT Trading at -6.16% 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 -26.17% of loss for the given period.
Volatility was left at 3.37%, however, over the last 30 days, the volatility rate increased by 3.23%, as shares sank -5.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.67% lower at present.
During the last 5 trading sessions, DHT rose by +5.00%, which changed the moving average for the period of 200-days by -12.98% in comparison to the 20-day moving average, which settled at $9.32. In addition, DHT Holdings Inc saw -2.65% 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 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 0.14. Equity return is now at value 15.76, with 10.89 for asset returns.
Based on DHT Holdings Inc (DHT), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.67. The debt to equity ratio resting at 0.4. The interest coverage ratio of the stock is 5.78.
Currently, EBITDA for the company is 304.01 million with net debt to EBITDA at 1.09. When we switch over and look at the enterprise to sales, we see a ratio of 3.2. The receivables turnover for the company is 9.91for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.41.
Conclusion
In conclusion, DHT Holdings Inc (DHT) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
