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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Sponsored
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.