The stock of Douglas Elliman Inc. (NYSE:DOUG) decreased by -$0.03 on Friday to finish at $2.32, down -1.28 percent. The last five days have seen an average of 809,152 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$1.51. The average number of shares traded over the last 20 days was 724,498, while the average volume over the last 50 days totaled 1,320,665.
DOUG stock dropped -6.07% since last month. On 08/08/23, the company’s shares reached a one-month low of $2.07. The stock touched a high of $5.87 on 02/02/23, after rallying from a low of $2.07 in 52 weeks. The price of DOUG stock has declined by -40.15% or -$1.51 this year, reaching a new high 12 times. Still, the stock price is down -60.49% from the 52-week high.
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Insider Transactions
DOUG stock investors should be aware that Douglas Elliman Inc. (DOUG) stock had its last reported insider trading activity 308 days ago on Oct 10. On Oct 10, Chairman, President & CEO LORBER HOWARD M acquired 100,000 shares at $3.99 each. This transaction resulted in the insider spending $399,340. On Oct 10, Liebowitz Michael added 40,000 shares at a price of US$3.93. After the transaction, the insider now owns 135,587 shares. SVP, Treasurer & CFO KIRKLAND J BRYANT III had earlier bought 10,000 shares on Oct 10 for $3.87 a share. The transaction was completed for $38,700.
Valuation Metrics
Beta for the stock is 1.26. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.20, the price-to-book (PB) ratio of 0.76.
Company paid $0.05 per share in dividends, remained unchanged from $0.05 last year.
Financial Health
For the three months ended June 29, Douglas Elliman Inc.’s quick ratio was 2.20, while its current ratio was 2.20, indicating its ability to pay off its debt. Douglas Elliman Inc.’s operating margin stood at -0.50% for the same period. Based on annual data, it had gross profit of -$4.54 million and revenue of $1.15 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DOUG’s return on assets (ROA) during the last 12 months has been -1.10%. There was a -4.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -2.30%.
Earnings Surprise
According to Douglas Elliman Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $275.91 million, while revenues fell by -32.06% to $213.98 million. It was predicted that Douglas Elliman Inc.’s quarterly earnings would be -$0.06, but it ended up being -$0.12. EBITDA was -$6.3 million for the quarter. At the end of Douglas Elliman Inc.’s most recent quarter ended June 29, its total debt was $137.72 million. Equity owned by shareholders amounts to $88.63 million.
Technical Picture
Here’s a quick look at Douglas Elliman Inc.’s (DOUG) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 58.85%, suggesting the stock is Neutral, with a 77.02% historical volatility rate.
The stochastic %K and %D were 70.73% and 52.47% respectively, while the average true range (ATR) was 0.14. Based on the 14-day stochastic reading of 92.19%, the RSI (14) reading is 54.56%. On the 9-day MACD Oscillator, the stock is at 0.10, and the 14-day reading is at 0.10.
Analyst Ratings
In its analyst report released on July 18, 2023, BTIG Research began covering Douglas Elliman Inc. (NYSE: DOUG). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Douglas Elliman Inc. (DOUG) an Overweight rating. DOUG is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is DOUG’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.00 and $4.00, with a median target price of $4.00. In analyzing these forecasts, the average price target given by analysts for Douglas Elliman Inc. (DOUG) is $4.00.
