Where Does DHT Holdings Inc. (DHT) Rank When It Comes To Price-To-Earnings Ratio?

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DHT Holdings Inc. (NYSE:DHT) traded with a subtraction of -$0.04 to close at $8.77 on Thursday, a downside of -0.40 percent. An average of 963,516 shares of common stock have been traded in the last five days. There was a fall of -$0.30 in the past week, and it reached a new high 42 times over the past 12 months. The last 20 days have seen an average of 2,067,409 shares traded, while the 50-day average volume stands at 2,269,946.

DHT stock has decreased by -9.36% in the last month. The company shares reached their 1-month lowest point of $8.67 on 12/28/22. With the stock rallying to its 52-week high on 11/22/22, shares of the company touched a low of $4.55 and a high of $10.64 in 52 weeks. It has reached a new high 41 times so far this year and achieved 69.75% or $3.58 in price. In spite of this, the price is down -17.53% from the 52-week high.


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Valuation Metrics

DHT Holdings Inc. (DHT) stock’s beta is -0.12. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.46, the price-to-book (PB) ratio at 1.44, and the price-to-cash flow ratio at 123.77.

Financial Health

The quick ratio of DHT Holdings Inc. for the three months ended September 29 was 3.00, and the current ratio was 3.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.44 and a total debt to equity ratio of 0.47 for the quarter ending September 29. Its gross profit as reported stood at $130.25 million compared to revenue of $300.46 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, DHT Holdings Inc.’s return on assets was -2.00%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$11.52 million in the quarter, while revenues were grew 2411.37%. The analyst consensus anticipated DHT Holdings Inc.’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be $0.04, a 500.00% surprise. For the quarter, EBITDA amounted to $42.44 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at DHT Holdings Inc. (DHT) price momentum. RSI 9-day as of the close on 28 December was 34.91%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.03%.

As of today, DHT’s price is $8.91 -3.25% or -$0.30 from its 5-day moving average. DHT is currently trading -13.38% lower than its 20-day SMA and +19.71% higher than its 100-day SMA. However, the stock’s current price level is +3.24% above the SMA50 and +64.02% above the SMA200.

The stochastic %K and %D were 14.43% and 17.32%, respectively, and the average true range (ATR) was 0.31. With the 14-day stochastic at 9.17% and the average true range at 0.34, the RSI (14) stands at 40.09%. The stock has reached -0.17 on the 9-day MACD Oscillator while the 14-day reading was at -0.33.

Analyst Ratings

Jefferies launched coverage on DHT Holdings Inc. (NYSE: DHT) in its analyst report released on July 21, 2022. The firm assigned the stock a Buy rating.

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