At the last check on Thursday, Dole plc’s (NYSE:DOLE) stock was up $0.14, moving up 1.06 percent to $13.32. The average number of shares traded per day over the past five days has been 528,963 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.19 fall in that time frame. In the last twenty days, the average volume was 407,086, while in the previous 50 days, it was 740,798.
Since last month, DOLE stock rose 3.74%. Shares of the company fell to $12.73 on 07/18/23, the lowest level in the past month. A 52-week high of $14.01 was reached on 06/07/23 after having rallying from a 52-week low of $7.20. Since the beginning of this year, DOLE’s stock price has risen by 38.03% or $3.63, and marked a new high 25 times. However, the stock has declined by -4.89% since its 52-week high.
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Valuation Metrics
Right now, Dole plc (DOLE) has a P/E ratio of about 10.85. The stock’s beta is 0.94. Besides these, the trailing price-to-sales (P/S) ratio of 0.14, the price-to-book (PB) ratio of 1.08, and the price-to-cash flow ratio of 4.24 may also be considered.
The latest dividend of $0.08 per share was paid out, remained unchanged from last year’s $0.08.
Financial Health
In the three months ended March 30, Dole plc’s quick ratio stood at 0.90, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.87, and the total debt-to-equity ratio was 1.09. On the profitability front, the trailing twelve-month gross margin is 7.10% percent. In the year ended March 30, EBITDA margin amounted to 2.43%, whereas operating margins totaled 1.80%. Based on annual data, DOLE earned $594.71 million in gross profit and brought in $9.23 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.20%. Return on equity (ROE) for the past 12 months was 9.00%.
In Dole plc’s quarter-end financial report for March 30, it reported total debt of $1.13 billion against cash and short-term investments of $5.37 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DOLE’s revenue rose 30.06% during the quarter, while net income inched up to $9.23 billion. While analysts expected Dole plc to report $0.18 quarterly earnings, the actual figure was $0.34 per share, beating the consensus estimate by 88.90%. During the quarter, the company generated $94.42 million in EBITDA. The liabilities of Dole plc were 3.37 billion at the end of its most recent quarter ended March 30, and its total debt was $1.61 billion.
Technical Picture
This quick technical analysis looks at Dole plc’s (DOLE) price momentum. With a historical volatility rate of 10.63%, the RSI 9-day stood at 48.97% on 16 August.
With respect to its five-day moving average, the current Dole plc price is down by -1.41% percent or -$0.19. At present, DOLE shares trade +2.79% above its 20-day simple moving average and +16.70% percent above its 100-day simple moving average. However, the stock is currently trading approximately -2.85% below its SMA50 and +56.05% above its SMA200.
Stochastic coefficient K was 42.90% and Stochastic coefficient D was 57.91%, while ATR was 0.27. Given the Stochastic reading of 42.42% for the 14-day period, the RSI (14) reading has been calculated as 51.10%. As of today, the MACD Oscillator reading stands at -0.10, while the 14-day reading stands at -0.06.
Analyst Ratings
Dole plc (DOLE) has been rated Overweight by analysts. According to 0 brokerage firms, DOLE is a sell, and 0 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Dole plc stock as buy, with 5 recommending it as overweight.
With a median target price of $15.85, the current consensus forecast for the stock is $9.00 – $18.00. Based on these forecasts, analysts predict Dole plc (DOLE) will achieve an average price target of $15.12.
