DuPont de Nemours Inc (NYSE:DD) shares, rose in value, with the stock price down by -0.29% to the previous day’s close as strong demand from buyers drove the stock to $75.53.
Actively observing the price movement in the last trading, the stock closed the session at $75.75. The value of beta (5-year monthly) was 1.22 whereas the PE ratio was 81.60 over 12-month period. Referring to stock’s 52-week performance, its high was $78.74, and the low was $61.14. On the whole, DD has fluctuated by 7.47% over the past month.
With the market capitalization of DuPont de Nemours Inc currently standing at about $31.54 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 30, 2024 – May 06, 2024. The company’s Forward Dividend Ratio is 1.46, with its dividend yield at 1.93%. 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 $0.65, which is expected to increase to $0.86 for fiscal year $3.45 and then to about $4.17 by fiscal year 2025. Data indicates that the EPS growth is expected to be -0.90% in 2025, while the next year’s EPS growth is forecast to be 20.90%.
Analysts have estimated the company’s revenue for the quarter at $2.81 billion, with a low estimate of $2.8 billion and a high estimate of $2.84 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $12.11 billion, representing an increase of 0.20% 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 1 upward and no downward review(s) in last seven days. We see that DD’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 8.08, with the price of DD currently trading nearly 1.25% and 7.92% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.63, while the 7-day volatility ratio is showing 1.38% which for the 30-day chart, stands at 1.30%. Furthermore, DuPont de Nemours Inc (DD)’s beta value is 1.40, and its average true range (ATR) is 1.07.
A comparison of DuPont de Nemours Inc (DD) with its peers suggests the former has fared considerably weaker in the market. DD showed an intraday change of -0.29% in last session, and over the past year, it grew by 7.56%%.
Data on historical trading for DuPont de Nemours Inc (NYSE:DD) indicates that the trading volumes over the past 10 days have averaged 1.8 million and over the past 3 months, they’ve averaged 3.28 million. According to company’s latest data on outstanding shares, there are 430.11 million shares outstanding.
Nearly 0.27% of DuPont de Nemours Inc’s shares belong to company insiders and institutional investors own 75.28% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.92 million shares as on Mar 15, 2024, resulting in a short ratio of 3.15. According to the data, the short interest in DuPont de Nemours Inc (DD) stood at 2.14% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 10.7 million. The stock has fallen by -1.82% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DD stock heading into the next quarter.
