Dorman Products Inc. (DORM) Insider Trading: What Insights Can Be Gained?

BEPC Stock
BEPC Stock

As of Wednesday close, Dorman Products Inc.’s (NASDAQ:DORM) stock was up $1.07, moving up 1.20 percent to $90.42. The average number of shares traded per day over the past five days has been 99,560 shares. 4 times new highs have been achieved over the past 5 days, with a $4.07 gain in that time frame. In the last twenty days, the average volume was 99,365, while in the previous 50 days, it was 117,308.

Since last month, DORM stock rose 22.07%. Shares of the company fell to $73.32 on 10/25/22, the lowest level in the past month. A 52-week high of $122.96 was reached on 07/22/22 after having rallying from a 52-week low of $73.32. Since the beginning of this year, DORM’s stock price has dropped by -19.99% or -$22.59, and marked a new high 6 times. However, the stock has declined by -26.46% since its 52-week high.

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DORM stock investors should be aware that Dorman Products Inc. (DORM) stock had its last reported insider trading activity 14 days ago on Nov 10. GAVIN JOHN J, the Director of the company, disposed of 3,177 shares for $84.69 on Nov 10. It resulted in a $269,044 divestment by the insider. Luftig Eric added 500 shares at an average price of $74.90 on Oct 26. The insider now owns 2,662 shares following the transaction. On May 05, EVP, Commercial KEALEY MICHAEL sold 10,612 shares at $96.83 apiece. The transaction was valued at $1,027,513.

Valuation Metrics

Right now, Dorman Products Inc. (DORM) has a P/E ratio of about 20.74. The stock’s beta is 0.56. Besides these, the trailing price-to-sales (P/S) ratio of 1.69, the price-to-book (PB) ratio of 2.78, and the price-to-cash flow ratio of 116.06 may also be considered.

Financial Health

In the three months ended September 29, Dorman Products Inc.’s quick ratio stood at 0.70, while its current ratio was 1.70, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 33.00% percent. In the year ended September 29, operating margins totaled 11.20%. Based on annual data, DORM earned $462.92 million in gross profit and brought in $1.35 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.40%. Return on equity (ROE) for the past 12 months was 14.10%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DORM’s revenue rose 15.73% to $417.42 million during the quarter, while net income inched up to $413.47 million. While analysts expected Dorman Products Inc. to report $1.21 quarterly earnings, the actual figure was $1.17 per share, beating the consensus estimate by -3.30%. During the quarter, the company generated $53.63 million in EBITDA. The liabilities of Dorman Products Inc. were 780.17 million at the end of its most recent quarter ended September 29, and its total debt was $314.12 million. The value of shareholders’ equity is $31.42 million.

Technical Picture

This quick technical analysis looks at Dorman Products Inc.’s (DORM) price momentum. With a historical volatility rate of 29.93%, the RSI 9-day stood at 66.04% on 23 November.

With respect to its five-day moving average, the current Dorman Products Inc. price is up by +4.71% percent or $4.07. At present, DORM shares trade +17.41% above its 20-day simple moving average and -19.29% percent below its 100-day simple moving average. However, the stock is currently trading approximately +7.17% above its SMA50 and -3.14% below its SMA200.

Stochastic coefficient K was 89.06% and Stochastic coefficient D was 88.97%, while ATR was 2.90. Given the Stochastic reading of 96.90% for the 14-day period, the RSI (14) reading has been calculated as 60.77%. As of today, the MACD Oscillator reading stands at 1.43, while the 14-day reading stands at 3.78.

Analyst Ratings

MKM Partners launched its rating on Dorman Products Inc. (NASDAQ: DORM) to a Buy in a note to investors on May 19, 2022. Dorman Products Inc. (DORM) has been rated Overweight by analysts. According to 0 brokerage firms, DORM is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Dorman Products Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $97.00, the current consensus forecast for the stock is $87.00 – $118.00. Based on these forecasts, analysts predict Dorman Products Inc. (DORM) will achieve an average price target of $99.75.


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