Dorian LPG Ltd. (NYSE:LPG) currently has a daily average trading volume of 626.03K but it saw 803617 shares traded on Thursday. With a market cap of 928.43M USD, stock’s current market price of $24.33 came rising about 4.33 while comparing to the previous closing price of $23.32. In past 52 weeks, the stock remained buoying in the range of price level as high as $24.42 and as low as $10.98. In the recent trading on the day, stock has struck highest price mark of $25.56 while lowest mark touched by it was $24.10.
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Taking a look at 20-day trading activity of Dorian LPG Ltd. (LPG) gives us an average price of $22.38, while its current price level is -0.37% below from 52-week high level whereas it is 121.60% 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 $21.49 while that of 200 days or SMA-200 reads an average of $18.80. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.00% during that period while stretching the period over a month that decreases to 3.91%. 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 68.68 which implies that the stock is in neutral territory.
Dorian LPG Ltd. (LPG)’s stock is currently under the radar of 8 analysts who are in consensus at a 12-month price target range of between $22.00 and $32.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $22.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $32.00. Average price target assigned by them is $26.20 which highlights an upside potential of 7.14% for the stock over that period. And to attain the median price target of $26.05 assigned by those analysts, stock has to add about 6.6% of value to its current levels.
Data by FactSet Research shows that 8 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. 5 analysts suggested the investors to Buy the stock while 3 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, LPG’s stock price is moving 8.13% up while it is 17.92% when we observe its performance for the past one month. Year-to-date it is 40.56% up and over the past year, the stock is showing an upside performance of 86.46%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $1.94 beat the consensus estimate of $1.34 for the same. The company is expected to be releasing its next quarterly report in 08/02/2023, for which analysts forecasted an EPS of $1.41 while estimate for next year EPS is $4.35. For LPG, analysts are forecasting an EPS-growth rate of 3.10% for current year and estimate for EPS growth in next year is -43.90%. In next quarter, company is expected to be making quarterly sales of $97.87 million as analysts are expecting the sales for current fiscal year at $406.1 million and seeing the company making $361.91 million in sales next year. Moreover, analysts are in estimates of $103.89 million for current-quarter revenue.
Currently, Dorian LPG Ltd.’s total number of outstanding shares is 40.09M with 16.27% of that held by the insiders while 66.10% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 5.80% and return on equity (ROE) at 15.40%. It has a price to earnings ratio (P/E ratio) of 7.42 while having a 6.83 of forward P/E ratio. Stock’s beta reads 1.12. Stock has a price to book (P/B) ratio of 1.16 while price to sale or P/S ratio amounts to 2.77. Its return on asset (ROA) is 8.60% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by -0.16% in the Dorian LPG Ltd. (LPG) decreasing its stake to 5.73% with control over 3706.0 shares in the company. As per SEC documents, iShares Core S&P Small Cap ETF sought 2,313,552 of company’s common stock of worth $51.41 million as per recent closing price of the stock. iShares Core S&P Small Cap ETF is not the only institutional holder which restructured its stake in Dorian LPG Ltd., as DFA US Small Cap Value Portfolio picked 1,015,469 shares of worth $22.56 million to bring its holdings to a total of 0.19 million shares. In the most recent quarter, iShares Russell 2000 ETF came cutting its stake by -1.44% in the company and now holds 0.65 million or 1.61% of the company’s stake having worth of about 14.4 million.
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