DHT Holdings Inc. (NYSE:DHT) currently has a daily average trading volume of 2.43M but it saw 2600674 shares traded on Thursday. With a market cap of 1.74B USD, stock’s current market price of $10.56 came falling about -3.12 while comparing to the previous closing price of $10.90. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.13 and as low as $4.98. In the recent trading on the day, stock has struck highest price mark of $10.87 while lowest mark touched by it was $10.46.
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Taking a look at 20-day trading activity of DHT Holdings Inc. (DHT) gives us an average price of $11.38, while its current price level is -12.94% below from 52-week high level whereas it is 112.05% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.91 while that of 200 days or SMA-200 reads an average of $8.44. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.47% during that period while stretching the period over a month that decreases to 3.39%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.87 which implies that the stock is in neutral territory.
Data by FactSet Research shows that 10 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 10 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Strong Buy.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Jefferies which initiated the stock as “Buy” in its note to investors issued on July 21, 2022, recommending a price target of $9 for it. Stifel issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $6 and $7.
Over the week, DHT’s stock price is moving -9.43% down while it is -6.63% when we observe its performance for the past one month. Year-to-date it is 18.92% up and over the past year, the stock is showing an upside performance of 97.38%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2022, when its quarterly earnings per share (EPS) of $0.38 beat the consensus estimate of $0.32 for the same. The company is expected to be releasing its next quarterly report in 05/08/2023, for which analysts forecasted an EPS of $0.29 while estimate for next year EPS is $1.02. For DHT, analysts are forecasting an EPS-growth rate of 175.70% for current year and estimate for EPS growth in next year is 63.70%. In next quarter, company is expected to be making quarterly sales of $98.82 million as analysts are expecting the sales for current fiscal year at $420.19 million and seeing the company making $462.86 million in sales next year. Moreover, analysts are in estimates of $117.35 million for current-quarter revenue.
Currently, DHT Holdings Inc.’s total number of outstanding shares is 162.65M with 17.44% of that held by the insiders while 59.91% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 5.00% and return on equity (ROE) at 6.00%. It has a price to earnings ratio (P/E ratio) of 27.94 while having a 6.74 of forward P/E ratio. Stock’s beta reads -0.20. Stock has a price to book (P/B) ratio of 1.61 while price to sale or P/S ratio amounts to 3.83. Its return on asset (ROA) is 4.00% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Fidelity Convertible Securities F came shrinking its share ownership by -12.03% in the DHT Holdings Inc. (DHT) decreasing its stake to 3.76% with control over -0.84 million shares in the company. As per SEC documents, Fidelity Convertible Securities F sought 6,118,512 of company’s common stock of worth $70.79 million as per recent closing price of the stock. Fidelity Convertible Securities F is not the only institutional holder which restructured its stake in DHT Holdings Inc., as Fidelity Advisor Multi Asset Inco picked 5,645,605 shares of worth $65.32 million to bring its holdings to a total of 0.7 million shares. In the most recent quarter, DFA US Small Cap Value Portfolio came rising its stake by 2.53% in the company and now holds 3.92 million or 2.41% of the company’s stake having worth of about 45.32 million.
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