Is Wall Street High Or Low On Duck Creek Technologies Inc. (DCT)?

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SNOW Stock

Duck Creek Technologies Inc. (NASDAQ:DCT) finished Friday with an addition of $0.35 to close at $12.05, an upside of 2.99 percent. An average of 521,680 shares of common stock have been traded in the last five days. There was a gain of $0.39 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 513,320 shares traded, while the 50-day average volume stands at 578,360.

DCT stock has increased by 7.69% in the last month. The company shares reached their 1-month lowest point of $10.68 on 12/06/22. With the stock rallying to its 52-week high on 01/07/22, shares of the company touched a low of $10.04 and a high of $32.49 in 52 weeks. It has reached a new high 2 times so far this year and lost -59.98% or -$18.06 in price. In spite of this, the price is down -62.91% from the 52-week high.

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Insider Transactions

DCT stock investors should be aware that Duck Creek Technologies Inc. (DCT) stock had its last reported insider trading activity 323 days ago on Jul 01. In this transaction, the insider spent $587,500. Chief Financial Officer, CHIPPARI VINCENT A, disposed of 25,000 shares at a price of $24.29 on Feb 08. The insider now owns more than $607,250 worth of shares. Prior to that, Chief Financial Officer CHIPPARI VINCENT A went on to Sale 50,000 shares at $28.01 each on Jan 10. An amount of $1,400,678 was transacted.

Valuation Metrics

Duck Creek Technologies Inc. (DCT) has a trailing price-to-sales (P/S) ratio at 5.35, the price-to-book (PB) ratio at 2.18, and the price-to-cash flow ratio at 172.52.

Financial Health

The quick ratio of Duck Creek Technologies Inc. for the three months ended August 30 was 4.40, and the current ratio was 4.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending August 30. Its gross profit as reported stood at $174.62 million compared to revenue of $302.92 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, Duck Creek Technologies Inc.’s return on assets was -1.00%.

Earnings Surprise

For the three-month period that ended August 30, Duck Creek Technologies Inc. had $117.82 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$2.38 million in the quarter, while revenues of -$5.76 million were shrunk -133.61%. The analyst consensus anticipated Duck Creek Technologies Inc.’s latest quarter earnings to come in at $0.02 per share, but it turned out to be $0.03, a 50.00% surprise. For the quarter, EBITDA amounted to $3.89 million. Shareholders own equity worth $132.74 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Duck Creek Technologies Inc. (DCT) price momentum. RSI 9-day as of the close on 30 December was 62.70%, suggesting the stock is Neutral, with historical volatility in this time frame at 33.54%.

As of today, DCT’s price is $11.55 +3.34% or $0.39 from its 5-day moving average. DCT is currently trading +4.87% higher than its 20-day SMA and -12.36% lower than its 100-day SMA. However, the stock’s current price level is +5.06% above the SMA50 and -38.30% below the SMA200.

The stochastic %K and %D were 38.73% and 30.46%, respectively, and the average true range (ATR) was 0.50. With the 14-day stochastic at 65.36% and the average true range at 0.50, the RSI (14) stands at 58.72%. The stock has reached 0.04 on the 9-day MACD Oscillator while the 14-day reading was at -0.07.

Analyst Ratings

JP Morgan launched coverage on Duck Creek Technologies Inc. (NASDAQ: DCT) in its analyst report released on December 01, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Duck Creek Technologies Inc. (DCT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DCT, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 4 others rate it as a “buy”.

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

Analysts predict a range of price targets between $12.00 and $22.00, with a median target of $15.50. Taking a look at these predictions, the average price target given by analysts for Duck Creek Technologies Inc. (DCT) stock is $15.50.


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