Dynatrace Inc. (NYSE:DT) finished Thursday with a subtraction of -$0.14 to close at $46.18, a downside of -0.30 percent. An average of 2,654,220 shares of common stock have been traded in the last five days. There was a fall of -$1.56 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 3,122,380 shares traded, while the 50-day average volume stands at 3,021,000.
DT stock has decreased by -14.66% in the last month. The company shares reached their 1-month lowest point of $46.00 on 08/10/23. With the stock rallying to its 52-week high on 07/12/23, shares of the company touched a low of $31.54 and a high of $55.87 in 52 weeks. It has reached a new high 14 times so far this year and achieved 20.57% or $7.88 in price. In spite of this, the price is down -17.34% from the 52-week high.
Insider Transactions
DT stock investors should be aware that Dynatrace Inc. (DT) stock had its last reported insider trading activity 25 days ago on Jul 17. In this transaction, the insider spent $82,443. Chief Accounting Officer, Allen Alicia, disposed of 1,500 shares at a price of $51.83 on Jun 16. The insider now owns more than $77,743 worth of shares. Prior to that, Chief Customer Officer Dollentz-Scharer Matthias went on to Sale 77,720 shares at $51.26 each on Jun 12. An amount of $3,983,750 was transacted.
Valuation Metrics
Dynatrace Inc. (DT) has a trailing price-to-earnings (P/E) ratio of 94.24. The stock’s beta is 1.10. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 11.17, the price-to-book (PB) ratio at 7.89, and the price-to-cash flow ratio at 42.63.
Financial Health
The quick ratio of Dynatrace Inc. for the three months ended June 29 was 1.20, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Dynatrace Inc.’s EBITDA margin for the year ending June 29 is 12.74%, while its operating margin for the same period stands at 8.80%. Its gross profit as reported stood at $935.64 million compared to revenue of $1.16 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, Dynatrace Inc.’s return on assets was 5.60%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $38.19 million in the quarter, while revenues were grew 94.47%. The analyst consensus anticipated Dynatrace Inc.’s latest quarter earnings to come in at $0.22 per share, but it turned out to be $0.27, a 22.70% surprise. For the quarter, EBITDA amounted to $47.88 million. Shareholders own equity worth $293.29 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Dynatrace Inc. (DT) price momentum. RSI 9-day as of the close on 10 August was 25.51%, suggesting the stock is oversold, with historical volatility in this time frame at 72.11%.
As of today, DT’s price is $47.05 -3.27% or -$1.56 from its 5-day moving average. DT is currently trading -15.88% lower than its 20-day SMA and +19.14% higher than its 100-day SMA. However, the stock’s current price level is -8.48% below the SMA50 and +38.26% above the SMA200.
The stochastic %K and %D were 3.85% and 6.91%, respectively, and the average true range (ATR) was 1.74. With the 14-day stochastic at 1.88% and the average true range at 1.69, the RSI (14) stands at 30.95%. The stock has reached -2.40 on the 9-day MACD Oscillator while the 14-day reading was at -4.02.
Analyst Ratings
DA Davidson launched coverage on Dynatrace Inc. (NYSE: DT) in its analyst report released on June 06, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Dynatrace Inc. (DT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DT, while 10 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 16 others rate it as a “buy”.
What is DT’s price target for the next 12 months?
Analysts predict a range of price targets between $38.00 and $65.00, with a median target of $57.00. Taking a look at these predictions, the average price target given by analysts for Dynatrace Inc. (DT) stock is $55.52.
