Delek US Holdings Inc (NYSE:DK) traded with an addition of $0.3 to $29.58 on Thursday, an upside of 1.02 percent. An average of 1,070,360 shares of common stock have been traded in the last five days. There was a gain of $0.16 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 1,387,350 shares traded, while the 50-day average volume stands at 1,291,194.
DK stock has increased by 11.54% in the last month. The company shares reached their 1-month lowest point of $25.72 on 08/31/23. With the stock rallying to its 52-week high on 09/11/23, shares of the company touched a low of $19.39 and a high of $35.45 in 52 weeks. It has reached a new high 10 times so far this year and achieved 9.56% or $2.86 in price. In spite of this, the price is down -16.56% from the 52-week high.
Insider Transactions
DK stock investors should be aware that Delek US Holdings Inc (DK) stock had its last reported insider trading activity 34 days ago on Aug 25.
Valuation Metrics
Delek US Holdings Inc (DK) has a trailing price-to-earnings (P/E) ratio of N/A for the broader industry. The stock’s beta is 1.39. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.11, the price-to-book (PB) ratio at 2.06.
The company has a payout ratio of 11.40%. The company’s most recent quarterly dividend payment was $0.2350 a share, representing a up of 2.17% from $0.23 last year. Its latest increase dividend $0.0050 reported on Friday August 4 2023.
Financial Health
The quick ratio of Delek US Holdings Inc for the three months ended June 29 was 0.66, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.05 and a total debt to equity ratio of 3.16 for the quarter ending June 29. Delek US Holdings Inc’s EBITDA margin for the year ending June 29 is 4.13%, while its operating margin for the same period stands at 0.40%. Its gross profit as reported stood at $924.6 million compared to revenue of $20.25 billion.
Earnings Surprise
For the three-month period that ended June 29, Delek US Holdings Inc had $2.76 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 -$8.3 million in the quarter, while revenues of $64.3 million were grew 4459.04%. The analyst consensus anticipated Delek US Holdings Inc’s latest quarter earnings to come in at $0.66 per share, but it turned out to be $1, a 51.50% surprise. For the quarter, EBITDA amounted to $139.5 million. Shareholders own equity worth $64.82 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Delek US Holdings Inc (DK) price momentum. RSI 9-day as of the close on 27 September was 58.72%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.77%.
As of today, DK’s price is $29.32 +0.56% or $0.16 from its 5-day moving average. DK is currently trading +13.00% higher than its 20-day SMA and +43.37% higher than its 100-day SMA. However, the stock’s current price level is +22.40% above the SMA50 and +15.09% above the SMA200.
The stochastic %K and %D were 37.34% and 41.16%, respectively, and the average true range (ATR) was 0.90. With the 14-day stochastic at 49.91% and the average true range at 0.92, the RSI (14) stands at 58.72%. The stock has reached -0.18 on the 9-day MACD Oscillator while the 14-day reading was at -0.39.
Analyst Ratings
Goldman downgraded Delek US Holdings Inc (NYSE: DK) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Delek US Holdings Inc (DK) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell DK, while 7 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 others rate it as a “buy”.
What is DK’s price target for the next 12 months?
Analysts predict a range of price targets between $24.00 and $56.00, with a median target of $29.00. Taking a look at these predictions, the average price target given by analysts for Delek US Holdings Inc (DK) stock is $31.08.
