The stock of Dynatrace Inc. (NYSE:DT) decreased by -$0.69 on Tuesday to finish at $45.61, down -1.49 percent. The last five days have seen an average of 2,411,620 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $7.31. The average number of shares traded over the last 20 days was 3,197,700, while the average volume over the last 50 days totaled 2,950,628.
DT stock dropped -17.04% since last month. On 08/14/23, the company’s shares reached a one-month low of $45.27. The stock touched a high of $55.87 on 07/12/23, after rallying from a low of $31.54 in 52 weeks. The price of DT stock has risen by 19.09% or $7.31 this year, reaching a new high 14 times. Still, the stock price is down -18.36% from the 52-week high.
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Insider Transactions
DT stock investors should be aware that Dynatrace Inc. (DT) stock had its last reported insider trading activity 30 days ago on Jul 17. On Jul 17, Chief Accounting Officer Allen Alicia sold 1,500 shares at $54.96 each. This transaction resulted in the insider making $82,443. On Jun 16, Allen Alicia sold 1,500 shares at a price of US$51.83. After the transaction, the insider now owns 94,180 shares. Chief Customer Officer Dollentz-Scharer Matthias had earlier sold 77,720 shares on Jun 12 for $51.26 a share. The transaction was completed for $3,983,750.
Valuation Metrics
Dynatrace Inc. (DT) has a trailing price-to-earnings (P/E) ratio of 93.08. Beta for the stock is 1.10. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 10.99, the price-to-book (PB) ratio of 7.80, and the price-to-cash flow ratio of 41.93.
Financial Health
For the three months ended June 29, Dynatrace Inc.’s quick ratio was 1.20, while its current ratio was 1.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 80.90% percent. Dynatrace Inc.’s EBITDA margin for the year ended June 29 was 12.74%, whereas its operating margin stood at 8.80% for the same period. Based on annual data, it had gross profit of $935.64 million and revenue of $1.16 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DT’s return on assets (ROA) during the last 12 months has been 5.60%. There was a 7.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.30%.
Earnings Surprise
According to Dynatrace 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 $317.34 million, while revenues rose by 4.24% to $246.06 million. It was predicted that Dynatrace Inc.’s quarterly earnings would be $0.27, but it ended up being $0.22, beating the consensus by 22.70%. EBITDA was $47.88 million for the quarter. At the end of Dynatrace Inc.’s most recent quarter ended June 29, its liabilities totaled 1.02 billion, while its total debt was $78.62 million. Equity owned by shareholders amounts to $293.29 million.
Technical Picture
Here’s a quick look at Dynatrace Inc.’s (DT) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 25.76%, suggesting the stock is oversold, with a 20.04% historical volatility rate.
The stochastic %K and %D were 5.51% and 4.25% respectively, while the average true range (ATR) was 1.51. Based on the 14-day stochastic reading of 3.30%, the RSI (14) reading is 30.57%. On the 9-day MACD Oscillator, the stock is at -0.81, and the 14-day reading is at -3.11.
Analyst Ratings
In its analyst report released on June 06, 2023, DA Davidson began covering Dynatrace Inc. (NYSE: DT). The stock was rated as a Neutral by the brokerage firm.
What is DT’s price target for the next 12 months?
The current consensus forecast for the stock is between $38.00 and $65.00, with a median target price of $57.00. In analyzing these forecasts, the average price target given by analysts for Dynatrace Inc. (DT) is $55.52.
