Diversified Healthcare Trust (NASDAQ:DHC) finished Wednesday with an addition of $0.02 to close at $3.11, an upside of 0.65 percent. An average of 2,810,103 shares of common stock have been traded in the last five days. There was a gain of $0.64 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 1,810,651 shares traded, while the 50-day average volume stands at 3,686,072.
DHC stock has increased by 23.90% in the last month. The company shares reached their 1-month lowest point of $1.99 on 08/02/23. With the stock rallying to its 52-week high on 08/08/23, shares of the company touched a low of $0.61 and a high of $3.30 in 52 weeks. It has reached a new high 21 times so far this year and achieved 380.83% or $2.50 in price. In spite of this, the price is down -5.76% from the 52-week high.
Valuation Metrics
Diversified Healthcare Trust (DHC) stock’s beta is 1.81. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.51, the price-to-book (PB) ratio at 0.29.
Financial Health
Further, the company has a long term debt to equity ratio of 1.08 and a total debt to equity ratio of 1.08 for the recent quarter. Its gross profit as reported stood at -$93.82 million compared to revenue of $1.28 billion.
Earnings Surprise
For the recent quarter, Diversified Healthcare Trust had $450.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$72.57 million in the quarter, while revenues of -$52.66 million were shrunk -50.72%. At the end of the recent quarter, Diversified Healthcare Trust’s stock balance sheet showed total debt was $2.81 billion. Shareholders own equity worth $239.79 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Diversified Healthcare Trust (DHC) price momentum. RSI 9-day as of the close on 09 August was 71.65%, suggesting the stock is Overbought, with historical volatility in this time frame at 115.74%.
As of today, DHC’s price is $3.03 +25.80% or $0.64 from its 5-day moving average. DHC is currently trading +25.80% higher than its 20-day SMA and +96.56% higher than its 100-day SMA. However, the stock’s current price level is +149.60% above the SMA50 and +193.93% above the SMA200.
The stochastic %K and %D were 89.69% and 87.74%, respectively, and the average true range (ATR) was 0.27. With the 14-day stochastic at 88.17% and the average true range at 0.26, the RSI (14) stands at 68.28%. The stock has reached 0.47 on the 9-day MACD Oscillator while the 14-day reading was at 0.61.
Analyst Ratings
Wells Fargo downgraded Diversified Healthcare Trust (NASDAQ: DHC) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as an Equal weight. The consensus rating for Diversified Healthcare Trust (DHC) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DHC, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is DHC’s price target for the next 12 months?
Analysts predict a range of price targets between $4.00 and $4.00, with a median target of $4.00. Taking a look at these predictions, the average price target given by analysts for Diversified Healthcare Trust (DHC) stock is $4.00.
