DuPont de Nemours Inc. (NYSE:DD) finished Wednesday with an addition of $0.63 to close at $74.52, an upside of 0.85 percent. An average of 2,573,040 shares of common stock have been traded in the last five days. There was a fall of -$0.24 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 2,645,490 shares traded, while the 50-day average volume stands at 3,035,674.
DD stock has decreased by -2.97% in the last month. The company shares reached their 1-month lowest point of $73.77 on 08/22/23. With the stock rallying to its 52-week high on 07/27/23, shares of the company touched a low of $49.52 and a high of $78.74 in 52 weeks. It has reached a new high 10 times so far this year and achieved 8.58% or $5.89 in price. In spite of this, the price is down -5.36% from the 52-week high.
Insider Transactions
DD stock investors should be aware that DuPont de Nemours Inc. (DD) stock had its last reported insider trading activity 15 days ago on Aug 09. In this transaction, the insider spent $402,792. Controller, Goss Michael G., disposed of 7,919 shares at a price of $77.36 on Aug 04. The insider now owns more than $612,614 worth of shares. Prior to that, Controller Goss Michael G. went on to Sale 2,374 shares at $65.46 each on May 15. An amount of $155,402 was transacted.
Valuation Metrics
DuPont de Nemours Inc. (DD) has a trailing price-to-earnings (P/E) ratio of 36.80. The stock’s beta is 1.42. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.71, the price-to-book (PB) ratio at 1.31, and the price-to-cash flow ratio at 121.69.
The company has a payout ratio of 14.00%. The company’s most recent quarterly dividend payment was $0.36 a share, without any change from last year. Its latest increase dividend $0.03 reported on Tuesday February 7 2023.
Financial Health
The quick ratio of DuPont de Nemours Inc. for the three months ended June 29 was 2.30, and the current ratio was 3.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.30 and a total debt to equity ratio of 0.31 for the quarter ending June 29. Its gross profit as reported stood at $4.62 billion compared to revenue of $13.02 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, DuPont de Nemours Inc.’s return on assets was 11.30%.
Earnings Surprise
For the three-month period that ended June 29, DuPont de Nemours Inc. had $7.78 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$131.0 million in the quarter, while revenues were grew 700.76%. The analyst consensus anticipated DuPont de Nemours Inc.’s latest quarter earnings to come in at $0.95 per share, but it turned out to be $1.13, a 18.90% surprise. For the quarter, EBITDA amounted to $728.0 million. Shareholders own equity worth $459.06 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at DuPont de Nemours Inc. (DD) price momentum. RSI 9-day as of the close on 23 August was 41.48%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.10%.
As of today, DD’s price is $74.69 -0.32% or -$0.24 from its 5-day moving average. DD is currently trading -2.75% lower than its 20-day SMA and +5.51% higher than its 100-day SMA. However, the stock’s current price level is +6.88% above the SMA50 and +25.01% above the SMA200.
The stochastic %K and %D were 10.41% and 13.42%, respectively, and the average true range (ATR) was 1.39. With the 14-day stochastic at 15.34% and the average true range at 1.40, the RSI (14) stands at 46.73%. The stock has reached -0.76 on the 9-day MACD Oscillator while the 14-day reading was at -1.43.
Analyst Ratings
Citigroup reiterated its a Neutral rating on DuPont de Nemours Inc. (NYSE: DD), but raised their price target to $72, indicating a potential price decrease of -3.5% for the stock. The consensus rating for DuPont de Nemours Inc. (DD) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DD, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 13 others rate it as a “buy”.
What is DD’s price target for the next 12 months?
Analysts predict a range of price targets between $70.30 and $92.00, with a median target of $84.00. Taking a look at these predictions, the average price target given by analysts for DuPont de Nemours Inc. (DD) stock is $83.14.
