Are You Considering DHT Holdings Inc. (DHT) As Part Of Your Portfolio?

The stock of DHT Holdings Inc. (NYSE:DHT) increased by $0.54 on Tuesday to finish at $5.89, up 10.09 percent. The last five days have seen an average of 3,610,860 shares of common stock traded. 11 times new highs were reached in the current year, with a gain of $0.70. The average number of shares traded over the last 20 days was 2,808,050, while the average volume over the last 50 days totaled 2,656,532.

DHT stock appreciated 2.26% since last month. On 06/17/22, the company’s shares reached a one-month low of $5.34. The stock touched a high of $7.19 on 04/08/22, after rallying from a low of $4.55 in 52 weeks. The price of DHT stock has risen by 13.49% or $0.70 this year, reaching a new high 11 times. Still, the stock price is down -18.08% from the 52-week high.

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Valuation Metrics

Beta for the stock is -0.27. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.66, the price-to-book (PB) ratio of 0.95, and the price-to-cash flow ratio of 386.99.

Company paid $0.02 per share in dividends, remained unchanged from $0.02 last year. A $0.02 dividend decrease was reported on Friday August 6 2021.

Financial Health

For the three months ended March 30, DHT Holdings Inc.’s quick ratio was 2.90, while its current ratio was 2.90, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.49, and the total debt to equity ratio is 0.51. As far as profitability goes, gross margin for the trailing twelve months is 32.90% percent. DHT Holdings Inc.’s operating margin stood at -11.60% for the same period. Based on annual data, it had gross profit of $130.25 million and revenue of $300.46 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DHT’s return on assets (ROA) during the last 12 months has been -2.50%. There was a 0.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -3.80%.

Earnings Surprise

According to DHT Holdings Inc.’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $295.85 million, while revenues fell by -133.58% to $0.0. It was predicted that DHT Holdings Inc.’s quarterly earnings would be -$0.1, but it ended up being -$0.13, beating the consensus by 23.10%. EBITDA was $14.4 million for the quarter. At the end of DHT Holdings Inc.’s most recent quarter ended March 30, its liabilities totaled 549.6 million, while its total debt was $533.52 million.

Technical Picture

Here’s a quick look at DHT Holdings Inc.’s (DHT) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 53.84%, suggesting the stock is Neutral, with a 69.31% historical volatility rate.

The stochastic %K and %D were 20.43% and 15.78% respectively, while the average true range (ATR) was 0.30. Based on the 14-day stochastic reading of 59.14%, the RSI (14) reading is 52.29%. On the 9-day MACD Oscillator, the stock is at -0.06, and the 14-day reading is at -0.20.

Analyst Ratings

Analysts have assigned DHT Holdings Inc. (DHT) an Buy rating. DHT is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 8 others recommend it as a buy.

What is DHT’s price target for the next 12 months?

The current consensus forecast for the stock is between $5.70 and $9.60, with a median target price of $7.50. In analyzing these forecasts, the average price target given by analysts for DHT Holdings Inc. (DHT) is $7.58.


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