Discover Financial Services (DFS) Reached A New High 2 times During The Past Five Days


As of Friday close, Discover Financial Services’s (NYSE:DFS) stock was down -$3.24, moving down -3.39 percent to $92.24. The average number of shares traded per day over the past five days has been 4,071,740 shares. 2 times new highs have been achieved over the past 5 days, with a -$9.90 fall in that time frame. In the last twenty days, the average volume was 2,470,420, while in the previous 50 days, it was 2,661,412.

Since last month, DFS stock retreated -19.97%. Shares of the company fell to $91.08 on 03/16/23, the lowest level in the past month. A 52-week high of $121.17 was reached on 02/03/23 after having rallying from a 52-week low of $87.64. Since the beginning of this year, DFS’s stock price has dropped by -5.71% or -$5.59, and marked a new high 14 times. However, the stock has declined by -23.88% since its 52-week high.

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DFS stock investors should be aware that Discover Financial Services (DFS) stock had its last reported insider trading activity 15 days ago on Mar 03. Eichfeld Robert Andrew, the EVP – Chief HR & Admin Officer of the company, disposed of 13,477 shares for $114.18 on Mar 03. It resulted in a $1,538,804 divestment by the insider. Minetti Carlos sold 7,000 shares at an average price of $118.00 on Feb 02. The insider now owns 114,493 shares following the transaction. On Feb 01, EVP, Pres. – Consumer Banking Minetti Carlos sold 7,000 shares at $115.65 apiece. The transaction was valued at $809,550.

Valuation Metrics

Right now, Discover Financial Services (DFS) has a P/E ratio of about 5.97. The stock’s beta is 1.46. Besides these, the trailing price-to-sales (P/S) ratio of 1.94, the price-to-book (PB) ratio of 1.85, and the price-to-cash flow ratio of 3.99 may also be considered.

The latest dividend of $0.60 per share was paid out, remained unchanged from last year’s $0.60. On Wednesday April 27 2022, a $0.10 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 1.20, and the total debt-to-equity ratio was 1.49. In the year ended December 30, operating margins totaled 67.20%. Based on annual data, DFS earned $11.0 billion in gross profit and brought in $12.86 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 21.70%. Return on equity (ROE) for the past 12 months was 33.20%.

In Discover Financial Services’s quarter-end financial report for December 30, it reported total debt of $20.11 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Discover Financial Services to report $3.66 quarterly earnings, the actual figure was $3.77 per share, beating the consensus estimate by 3.00%. The value of shareholders’ equity is $261.93 million.

Technical Picture

This quick technical analysis looks at Discover Financial Services’s (DFS) price momentum. With a historical volatility rate of 38.29%, the RSI 9-day stood at 21.03% on 17 March.

With respect to its five-day moving average, the current Discover Financial Services price is down by -9.69% percent or -$9.90. At present, DFS shares trade -17.37% below its 20-day simple moving average and -2.58% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.92% below its SMA50 and -18.72% below its SMA200.

Stochastic coefficient K was 10.03% and Stochastic coefficient D was 14.02%, while ATR was 4.18. Given the Stochastic reading of 4.72% for the 14-day period, the RSI (14) reading has been calculated as 26.21%. As of today, the MACD Oscillator reading stands at -6.75, while the 14-day reading stands at -10.97.

With a median target price of $119.00, the current consensus forecast for the stock is $104.00 – $132.00. Based on these forecasts, analysts predict Discover Financial Services (DFS) will achieve an average price target of $117.78.


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