Douglas Elliman Inc (NYSE:DOUG) shares, rose in value, with the stock price up by 5.19% to the previous day’s close as strong demand from buyers drove the stock to $1.62.
Actively observing the price movement in the last trading, the stock closed the session at $1.54. Referring to stock’s 52-week performance, its high was $3.24, and the low was $1.38. On the whole, DOUG has fluctuated by -5.26% over the past month.
As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.06, which is expected to increase to $0.04 for fiscal year -$0.03 and then to about $0 by fiscal year 2025.
Analysts have estimated the company’s revenue for the quarter at $243.15 million, with a low estimate of $221 million and a high estimate of $265.29 million. According to the average forecast, sales growth in current quarter could jump up 13.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $1.11 billion, representing an increase of 16.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that DOUG’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of DOUG currently trading nearly -4.76% and -13.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.78, while the 7-day volatility ratio is showing 8.12% which for the 30-day chart, stands at 7.92%. Furthermore, Douglas Elliman Inc (DOUG)’s beta value is 1.43, and its average true range (ATR) is 0.12.
A comparison of Douglas Elliman Inc (DOUG) with its peers suggests the former has fared considerably weaker in the market. DOUG showed an intraday change of 5.19% in last session, and over the past year, it shrunk by -44.05%%.
Data on historical trading for Douglas Elliman Inc (NYSE:DOUG) indicates that the trading volumes over the past 10 days have averaged 0.91 million and over the past 3 months, they’ve averaged 851.80K. According to company’s latest data on outstanding shares, there are 87.93 million shares outstanding.
Nearly 22.59% of Douglas Elliman Inc’s shares belong to company insiders and institutional investors own 52.55% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.99 million shares as on Mar 15, 2024, resulting in a short ratio of 1.09. According to the data, the short interest in Douglas Elliman Inc (DOUG) stood at 1.08% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.42 million. The stock has fallen by -45.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DOUG stock heading into the next quarter.
