DHT Holdings Inc. (DHT) Insider Trading: What Insights Can Be Gained?

SNOW Stock
SNOW Stock

As of Friday close, DHT Holdings Inc.’s (NYSE:DHT) stock was down -$0.24, moving down -2.27 percent to $10.32. The average number of shares traded per day over the past five days has been 2,542,020 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.20 fall in that time frame. In the last twenty days, the average volume was 2,158,355, while in the previous 50 days, it was 2,572,752.

Since last month, DHT stock retreated -9.31%. Shares of the company fell to $10.27 on 03/17/23, the lowest level in the past month. A 52-week high of $12.13 was reached on 03/09/23 after having rallying from a 52-week low of $4.98. Since the beginning of this year, DHT’s stock price has risen by 16.22% or $1.44, and marked a new high 16 times. However, the stock has declined by -14.92% since its 52-week high.

Do You Know The Best Place To Find Gains In Volatile Markets?

In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.

Click here for full details and to join for free.


Valuation Metrics

Right now, DHT Holdings Inc. (DHT) has a P/E ratio of about 27.30. The stock’s beta is -0.20. Besides these, the trailing price-to-sales (P/S) ratio of 3.74, the price-to-book (PB) ratio of 1.57, and the price-to-cash flow ratio of 17.28 may also be considered.

The latest dividend of $0.38 per share was paid out, which is 850.0% more than last year’s $0.04. On Tuesday February 7 2023, a $0.34 dividend increase was announced.

Financial Health

In the three months ended December 30, DHT Holdings Inc.’s quick ratio stood at 3.70, while its current ratio was 3.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.34, and the total debt-to-equity ratio was 0.37. On the profitability front, the trailing twelve-month gross margin is 42.90% percent. In the year ended December 30, operating margins totaled 16.30%. Based on annual data, DHT earned $194.84 million in gross profit and brought in $454.15 million 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 5.00%. Return on equity (ROE) for the past 12 months was 6.00%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DHT’s revenue fell -133.58% during the quarter, while net income inched up to $295.85 million. While analysts expected DHT Holdings Inc. to report $0.32 quarterly earnings, the actual figure was $0.38 per share, beating the consensus estimate by 18.80%. During the quarter, the company generated $42.44 million in EBITDA. The liabilities of DHT Holdings Inc. were 449.07 million at the end of its most recent quarter ended December 30, and its total debt was $396.7 million.

Technical Picture

This quick technical analysis looks at DHT Holdings Inc.’s (DHT) price momentum. With a historical volatility rate of 30.48%, the RSI 9-day stood at 30.28% on 17 March.

With respect to its five-day moving average, the current DHT Holdings Inc. price is down by -10.42% percent or -$1.20. At present, DHT shares trade -6.86% below its 20-day simple moving average and +17.81% percent above its 100-day simple moving average. However, the stock is currently trading approximately +25.09% above its SMA50 and +73.15% above its SMA200.

Stochastic coefficient K was 7.65% and Stochastic coefficient D was 21.99%, while ATR was 0.48. Given the Stochastic reading of 2.69% for the 14-day period, the RSI (14) reading has been calculated as 40.57%. As of today, the MACD Oscillator reading stands at -0.66, while the 14-day reading stands at -0.83.

Analyst Ratings

Jefferies launched its rating on DHT Holdings Inc. (NYSE: DHT) to a Buy in a note to investors on July 21, 2022. DHT Holdings Inc. (DHT) has been rated Buy by analysts. According to 0 brokerage firms, DHT is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate DHT Holdings Inc. stock as buy, with 10 recommending it as overweight.

With a median target price of $12.00, the current consensus forecast for the stock is $11.00 – $15.10. Based on these forecasts, analysts predict DHT Holdings Inc. (DHT) will achieve an average price target of $12.18.


Please enter your comment!
Please enter your name here