Dycom Industries, Inc (NYSE: DY)’s stock price has plunge by 0.50relation to previous closing price of 174.63. Nevertheless, the company has seen a -0.84% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-12-20 that Dycom Industries (DY) reported earnings 30 days ago. What’s next for the stock?
Is It Worth Investing in Dycom Industries, Inc (NYSE: DY) Right Now?
Dycom Industries, Inc (NYSE: DY) has a higher price-to-earnings ratio of 23.10x compared to its average ratio. DY has 36-month beta value of 1.43. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for DY is 28.09M, and currently, short sellers hold a 4.77% ratio of that float. The average trading volume of DY on December 26, 2024 was 427.42K shares.
DY’s Market Performance
DY’s stock has seen a -0.84% decrease for the week, with a -2.66% drop in the past month and a -10.55% fall in the past quarter. The volatility ratio for the week is 4.06%, and the volatility levels for the past 30 days are at 3.63% for Dycom Industries, Inc The simple moving average for the past 20 days is -3.02% for DY’s stock, with a 2.15% simple moving average for the past 200 days.
Analysts’ Opinion of DY
Many brokerage firms have already submitted their reports for DY stocks, with B. Riley Securities repeating the rating for DY by listing it as a “Buy.” The predicted price for DY in the upcoming period, according to B. Riley Securities is $172 based on the research report published on March 08, 2024 of the current year 2024.
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see DY reach a price target of $136. The rating they have provided for DY stocks is “Overweight” according to the report published on January 10th, 2024.
Raymond James gave a rating of “Strong Buy” to DY, setting the target price at $120 in the report published on October 20th of the previous year.
DY Trading at -5.03% from the 50-Day Moving Average
After a stumble in the market that brought DY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.30% of loss for the given period.
Volatility was left at 3.63%, however, over the last 30 days, the volatility rate increased by 4.06%, as shares sank -3.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.07% lower at present.
During the last 5 trading sessions, DY fell by -0.84%, which changed the moving average for the period of 200-days by +26.93% in comparison to the 20-day moving average, which settled at $180.96. In addition, Dycom Industries, Inc saw 52.49% 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 DY starting from Fritzsche Jennifer M, who sale 430 shares at the price of $173.11 back on Dec 18 ’24. After this action, Fritzsche Jennifer M now owns 8,873 shares of Dycom Industries, Inc, valued at $74,437 using the latest closing price.
Fritzsche Jennifer M, the Director of Dycom Industries, Inc, proposed sale 430 shares at $176.99 during a trade that took place back on Dec 18 ’24, which means that Fritzsche Jennifer M is holding shares at $76,105 based on the most recent closing price.
Stock Fundamentals for DY
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.11 for the gross margin
The net margin for Dycom Industries, Inc stands at 0.05. The total capital return value is set at 0.15. Equity return is now at value 19.60, with 7.76 for asset returns.
Based on Dycom Industries, Inc (DY), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 0.92. The interest coverage ratio of the stock is 6.28.
Currently, EBITDA for the company is 507.69 million with net debt to EBITDA at 2.26. When we switch over and look at the enterprise to sales, we see a ratio of 1.47. The receivables turnover for the company is 2.5for trailing twelve months and the total asset turnover is 1.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.12.
Conclusion
To put it simply, Dycom Industries, Inc (DY) has had a mixed 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.
