As of Friday close, Dycom Industries Inc.’s (NYSE:DY) stock was down -$1.83, moving down -1.88 percent to $95.39. The average number of shares traded per day over the past five days has been 1,663,880 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.85 fall in that time frame. In the last twenty days, the average volume was 887,880, while in the previous 50 days, it was 611,392.
Since last month, DY stock rose 18.66%. Shares of the company fell to $80.48 on 02/22/23, the lowest level in the past month. A 52-week high of $122.12 was reached on 03/06/23 after having rallying from a 52-week low of $76.21. Since the beginning of this year, DY’s stock price has risen by 1.91% or $1.79, and marked a new high 9 times. However, the stock has declined by -21.89% since its 52-week high.
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DY stock investors should be aware that Dycom Industries Inc. (DY) stock had its last reported insider trading activity 87 days ago on Dec 21. Sykes Richard K, the Director of the company, disposed of 2,000 shares for $92.35 on Dec 21. It resulted in a $184,700 divestment by the insider. DUKE DWIGHT B sold 4,534 shares at an average price of $103.69 on Oct 04. The insider now owns 39,139 shares following the transaction. On Oct 03, VP & Chief Accounting Officer VILLAVERDE SHARON sold 750 shares at $100.01 apiece. The transaction was valued at $75,008.
Right now, Dycom Industries Inc. (DY) has a P/E ratio of about 20.11. The stock’s beta is 1.27. Besides these, the trailing price-to-sales (P/S) ratio of 0.76, the price-to-book (PB) ratio of 3.24.
In the three months ended October 30, Dycom Industries Inc.’s quick ratio stood at 2.90, while its current ratio was 3.20, 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 October 30 was 0.93, and the total debt-to-equity ratio was 0.95. On the profitability front, the trailing twelve-month gross margin is 17.00% percent. In the year ended October 30, operating margins totaled 5.50%. Based on annual data, DY earned $648.2 million in gross profit and brought in $3.81 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 10.20%. Return on equity (ROE) for the past 12 months was 17.30%.
In Dycom Industries Inc.’s quarter-end financial report for October 30, it reported total debt of $807.37 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Dycom Industries Inc. to report $1.32 quarterly earnings, the actual figure was $1.8 per share, beating the consensus estimate by 36.40%. During the quarter, the company generated $80.54 million in EBITDA. The liabilities of Dycom Industries Inc. were 1.44 billion at the end of its most recent quarter ended October 30, and its total debt was $894.88 million. The value of shareholders’ equity is $29.36 million.
This quick technical analysis looks at Dycom Industries Inc.’s (DY) price momentum. With a historical volatility rate of 37.80%, the RSI 9-day stood at 49.03% on 17 March.
With respect to its five-day moving average, the current Dycom Industries Inc. price is down by -3.88% percent or -$3.85. At present, DY shares trade +18.79% above its 20-day simple moving average and -15.30% percent below its 100-day simple moving average. However, the stock is currently trading approximately +2.50% above its SMA50 and +2.45% above its SMA200.
Stochastic coefficient K was 55.87% and Stochastic coefficient D was 60.13%, while ATR was 4.54. Given the Stochastic reading of 52.36% for the 14-day period, the RSI (14) reading has been calculated as 51.85%. As of today, the MACD Oscillator reading stands at -3.32, while the 14-day reading stands at -2.46.
Dycom Industries Inc. downgraded its rating on Dycom Industries Inc. (NYSE: DY) to an Equal weight in a note to investors on February 15, 2023. The analysts firm previously had an Overweight rating on the stock.Dycom Industries Inc. (DY) has been rated Buy by analysts. According to 0 brokerage firms, DY is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Dycom Industries Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $125.00, the current consensus forecast for the stock is $105.00 – $145.00. Based on these forecasts, analysts predict Dycom Industries Inc. (DY) will achieve an average price target of $125.63.