The stock of Delek US Holdings Inc. (NYSE:DK) decreased by -$0.51 on Tuesday to finish at $29.69, down -1.69 percent. The last five days have seen an average of 1,879,380 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $2.69. The average number of shares traded over the last 20 days was 1,364,145, while the average volume over the last 50 days totaled 1,305,824.
DK stock appreciated 6.30% since last month. On 08/24/23, the company’s shares reached a one-month low of $25.55. The stock touched a high of $35.45 on 09/11/23, after rallying from a low of $19.39 in 52 weeks. The price of DK stock has risen by 9.96% or $2.69 this year, reaching a new high 10 times. Still, the stock price is down -16.25% from the 52-week high.
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Insider Transactions
DK stock investors should be aware that Delek US Holdings Inc. (DK) stock had its last reported insider trading activity 26 days ago on Aug 25. On Aug 25, Director Tolson Laurie Z. sold 2,700 shares at $26.67 each. This transaction resulted in the insider making $72,009. On Mar 14, Soreq Avigal added 6,775 shares at a price of US$22.63. After the transaction, the insider now owns 94,400 shares. CFO Spiegel Reuven had earlier bought 2,000 shares on Mar 14 for $22.60 a share. The transaction was completed for $45,200.
Valuation Metrics
Beta for the stock is 1.44. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.11, the price-to-book (PB) ratio of 2.07.
Company paid $0.2350 per share in dividends, an increase of 2.17% from $0.23 last year. A $0.0050 dividend increase was reported on Friday August 4 2023.
Financial Health
For the three months ended June 29, Delek US Holdings Inc.’s quick ratio was 0.70, while its current ratio was 1.10, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.93, and the total debt to equity ratio is 2.99. As far as profitability goes, gross margin for the trailing twelve months is 8.90% percent. Delek US Holdings Inc.’s EBITDA margin for the year ended June 29 was 4.13%, whereas its operating margin stood at 0.80% for the same period. Based on annual data, it had gross profit of $924.6 million and revenue of $20.25 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DK’s return on assets (ROA) during the last 12 months has been -0.70%. There was a 10.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -5.50%.
Earnings Surprise
According to Delek US Holdings 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 $4.2 billion, while revenues fell by -42.59% to $3.92 billion. It was predicted that Delek US Holdings Inc.’s quarterly earnings would be $1, but it ended up being $0.66, beating the consensus by 51.50%. EBITDA was $139.5 million for the quarter. At the end of Delek US Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 6.71 billion, while its total debt was $3.3 billion. Equity owned by shareholders amounts to $64.82 million.
Technical Picture
Here’s a quick look at Delek US Holdings Inc.’s (DK) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 58.80%, suggesting the stock is Neutral, with a 50.31% historical volatility rate.
The stochastic %K and %D were 75.79% and 77.54% respectively, while the average true range (ATR) was 1.00. Based on the 14-day stochastic reading of 72.27%, the RSI (14) reading is 59.90%. On the 9-day MACD Oscillator, the stock is at -0.12, and the 14-day reading is at 1.02.
Analyst Ratings
Delek US Holdings Inc. (NYSE: DK) was downgraded by Goldman to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Delek US Holdings Inc. (DK) an Hold rating. DK is a stock that is recommended for selling by 3 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 1 other recommend it as a buy.
What is DK’s price target for the next 12 months?
The current consensus forecast for the stock is between $21.00 and $56.00, with a median target price of $27.00. In analyzing these forecasts, the average price target given by analysts for Delek US Holdings Inc. (DK) is $30.31.
