As of Friday close, Darling Ingredients Inc.’s (NYSE:DAR) stock was up $1.0, moving up 1.59 percent to $63.83. The average number of shares traded per day over the past five days has been 1,123,940 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.67 fall in that time frame. In the last twenty days, the average volume was 1,162,355, while in the previous 50 days, it was 1,279,512.
Since last month, DAR stock retreated -5.70%. Shares of the company fell to $62.35 on 08/18/23, the lowest level in the past month. A 52-week high of $82.69 was reached on 07/27/23 after having rallying from a 52-week low of $51.77. Since the beginning of this year, DAR’s stock price has risen by 1.98% or $1.24, and marked a new high 9 times. However, the stock has declined by -22.81% since its 52-week high.
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DAR stock investors should be aware that Darling Ingredients Inc. (DAR) stock had its last reported insider trading activity 4 days ago on Aug 15. van der Velden Jan, the EVP Int Rendering&Specialties of the company, disposed of 1,339 shares for $65.00 on Aug 15. It resulted in a $87,035 divestment by the insider. Bullock John sold 58,600 shares at an average price of $65.12 on Aug 14. The insider now owns 52,469 shares following the transaction. On Aug 11, Director Mize Gary W. bought 1,550 shares at $63.97 apiece. The transaction was valued at $99,154.
Valuation Metrics
Right now, Darling Ingredients Inc. (DAR) has a P/E ratio of about 13.24. The stock’s beta is 1.24. Besides these, the trailing price-to-sales (P/S) ratio of 1.42, the price-to-book (PB) ratio of 2.34, and the price-to-cash flow ratio of 26.15 may also be considered.
Financial Health
In the three months ended June 29, Darling Ingredients Inc.’s quick ratio stood at 1.00, while its current ratio was 1.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.02, and the total debt-to-equity ratio was 1.04. On the profitability front, the trailing twelve-month gross margin is 22.50% percent. In the year ended June 29, EBITDA margin amounted to 16.72%, whereas operating margins totaled 16.00%. Based on annual data, DAR earned $1.53 billion in gross profit and brought in $6.53 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 12.30%. Return on equity (ROE) for the past 12 months was 19.90%.
In Darling Ingredients Inc.’s quarter-end financial report for June 29, it reported total debt of $4.46 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DAR’s revenue rose 6.11% to $1.79 billion during the quarter, while net income inched up to $1.76 billion. While analysts expected Darling Ingredients Inc. to report $1.58 quarterly earnings, the actual figure was $1.55 per share, beating the consensus estimate by -1.90%. During the quarter, the company generated $480.29 million in EBITDA. The liabilities of Darling Ingredients Inc. were 6.52 billion at the end of its most recent quarter ended June 29, and its total debt was $4.74 billion. The value of shareholders’ equity is $159.49 million.
Technical Picture
This quick technical analysis looks at Darling Ingredients Inc.’s (DAR) price momentum. With a historical volatility rate of 34.01%, the RSI 9-day stood at 40.05% on 18 August.
With respect to its five-day moving average, the current Darling Ingredients Inc. price is down by -1.04% percent or -$0.67. At present, DAR shares trade -5.74% below its 20-day simple moving average and +14.93% percent above its 100-day simple moving average. However, the stock is currently trading approximately -2.27% below its SMA50 and -18.67% below its SMA200.
Stochastic coefficient K was 9.44% and Stochastic coefficient D was 10.07%, while ATR was 1.87. Given the Stochastic reading of 20.33% for the 14-day period, the RSI (14) reading has been calculated as 43.00%. As of today, the MACD Oscillator reading stands at -1.51, while the 14-day reading stands at -2.93.
Analyst Ratings
Darling Ingredients Inc. (DAR) has been rated Buy by analysts. According to 0 brokerage firms, DAR is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Darling Ingredients Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $91.00, the current consensus forecast for the stock is $65.00 – $120.00. Based on these forecasts, analysts predict Darling Ingredients Inc. (DAR) will achieve an average price target of $90.53.
