DuPont de Nemours Inc. (NYSE:DD) finished Wednesday with a subtraction of -$1.21 to close at $76.38, a downside of -1.56 percent. An average of 2,972,560 shares of common stock have been traded in the last five days. The last 20 days have seen an average of 2,938,955 shares traded, while the 50-day average volume stands at 3,473,058.
DD stock has increased by 7.06% in the last month. The company shares reached their 1-month lowest point of $69.86 on 07/10/23. With the stock rallying to its 52-week high on 07/27/23, shares of the company touched a low of $49.52 and a high of $78.74 in 52 weeks. It has reached a new high 10 times so far this year and achieved 11.29% or $7.75 in price. In spite of this, the price is down -3.00% from the 52-week high.
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Insider Transactions
DD stock investors should be aware that DuPont de Nemours Inc. (DD) stock had its last reported insider trading activity 6 days ago on Aug 04. In this transaction, the insider spent $612,614. Controller, Goss Michael G., disposed of 2,374 shares at a price of $65.46 on May 15. The insider now owns more than $155,402 worth of shares. Prior to that, Director JOHNSON KRISTINA M went on to Sale 450 shares at $74.55 each on Feb 17. An amount of $33,548 was transacted.
Valuation Metrics
DuPont de Nemours Inc. (DD) has a trailing price-to-earnings (P/E) ratio of 37.72. The stock’s beta is 1.42. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.80, the price-to-book (PB) ratio at 1.34.
The company has a payout ratio of 14.00%. The company’s most recent quarterly dividend payment was $0.36 a share, without any change from last year. Its latest increase dividend $0.03 reported on Tuesday February 7 2023.
Financial Health
The quick ratio of DuPont de Nemours Inc. for the three months ended June 29 was 2.30, and the current ratio was 3.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.30 and a total debt to equity ratio of 0.31 for the quarter ending June 29. DuPont de Nemours Inc.’s EBITDA margin for the year ending June 29 is 24.25%, while its operating margin for the same period stands at 13.30%. Its gross profit as reported stood at $4.62 billion compared to revenue of $13.02 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, DuPont de Nemours Inc.’s return on assets was 11.30%.
Earnings Surprise
For the three-month period that ended June 29, DuPont de Nemours Inc. had $7.78 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$131.0 million in the quarter, while revenues were grew 700.76%. The analyst consensus anticipated DuPont de Nemours Inc.’s latest quarter earnings to come in at $0.95 per share, but it turned out to be $1.13, a 18.90% surprise. For the quarter, EBITDA amounted to $728.0 million. Shareholders own equity worth $459.06 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at DuPont de Nemours Inc. (DD) price momentum. RSI 9-day as of the close on 09 August was 52.44%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.12%.
As of today, DD’s price is $77.24 unch or $unch from its 5-day moving average. DD is currently trading +5.16% higher than its 20-day SMA and +10.34% higher than its 100-day SMA. However, the stock’s current price level is +12.99% above the SMA50 and +42.08% above the SMA200.
The stochastic %K and %D were 65.65% and 73.21%, respectively, and the average true range (ATR) was 1.55. With the 14-day stochastic at 41.29% and the average true range at 1.50, the RSI (14) stands at 57.81%. The stock has reached 0.18 on the 9-day MACD Oscillator while the 14-day reading was at 0.46.
Analyst Ratings
Citigroup reiterated its a Neutral rating on DuPont de Nemours Inc. (NYSE: DD), but raised their price target to $72, indicating a potential price decrease of -6.08% for the stock.
