DuPont de Nemours Inc (NYSE:DD) saw a downside of -0.79% to close Tuesday at $72.78 after subtracting -$0.58 on the day. The 5-day average trading volume is 1,967,740 shares of the company’s common stock. It has gained $75.36 in the past week and touched a new high 1 time within the past 5 days. An average of 2,061,885 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,380,876.
DD’s 1-month performance is -2.49% or -$1.86 on its low of $72.36 reached on 09/26/23. The company’s shares have touched a 52-week low of $49.52 and high of $78.74, with the stock’s rally to the 52-week high happening on 07/27/23. YTD, DD has achieved 6.05% or $4.15 and has reached a new high 10 times. However, the current price is down -7.57% from the 52-week high price.
Insider Transactions
DD stock investors last saw insider trading activity on Aug 31.Ratnakar Raj (SVP & Chief Strategy Officer) most recently sold 50,633 shares at $77.42 per share on Aug 31. This transaction cost the insider $3,920,007. SVP & Chief Strategy Officer, Ratnakar Raj, sold 15,838 shares at a price of $74.56 on Aug 25. Then, on Aug 09, President, Electronics & Indus Kemp Jon D. sold 5,200 shares at a price of $77.46 per share. This transaction amounted to $402,792.
Valuation Metrics
DD stock has a beta of 1.41. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.67 while the price-to-book (PB) in the most recent quarter is 1.28, with the price to cash flow ratio at 119.75.
DuPont de Nemours Inc’s quick ratio for the period ended June 29 was 2.35, with the current ratio over the same period at 2.98. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.31, while the total debt to equity was 0.33.. In terms of profitability, the gross margin trailing 12 months is 30.28%. The trailing 12-month EBITDA margin is 24.25% while for the period ending June 29, DuPont de Nemours Inc’s operating margin was 15.16%. The firm’s gross profit as reported stood at $4.62 billion against revenue of $13.02 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 700.76% to -$131.0 million, while revenue of $257.0 million was 296.18% off the previous quarter. Analysts expected DD to announce $0.95 per share in earnings in its latest quarter, but it posted $1.13, representing a 18.90% surprise. EBITDA for the quarter stood at more than $728.0 million. DD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 14.24 billion, with total debt at $8.6 billion. Shareholders hold equity totaling $459.06 million.
Let’s look briefly at DuPont de Nemours Inc (DD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 33.11% to suggest the stock is trending Neutral, with historical volatility in this time period at 13.09%.
The stock’s 5-day moving average is $73.17, reflecting a -2.27% or -$1.69 change from its current price. DD is currently trading -3.59% above its 20-day SMA, +13.01% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +0.28% and SMA200 by+4.42%.
Stochastic %K and %D was 12.11% and 7.57% and the average true range (ATR) pointed at 1.23. The RSI (14) points at 38.01%, while the 14-day stochastic is at 10.34% with the period’s ATR at 1.26. The stock’s 9-day MACD Oscillator is pointing at -0.88 and -1.33 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for DuPont de Nemours Inc (NYSE: DD), Citigroup reiterated its a Neutral rating for the company but lifted their price target by $72 to $75. Analysts offering their rating for DD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate DD as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 12 have offered a “buy” rating.
What is DD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $73.00 and a high of $92.00, with their median price target at $83.00. Looking at these predictions, the average price target given by analysts is for DuPont de Nemours Inc (DD) stock is $83.40.
