While Delek US Holdings Inc has underperformed by -4.00%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DK fell by -37.99%, with highs and lows ranging from $33.60 to $15.36, whereas the simple moving average fell by -26.85% in the last 200 days.
On October 17, 2024, BofA Securities started tracking Delek US Holdings Inc (NYSE: DK) recommending Underperform. A report published by Mizuho on September 16, 2024, Upgraded its rating to ‘Neutral’ for DK. JP Morgan also Upgraded DK shares as ‘Neutral’, setting a target price of $26 on the company’s shares in a report dated September 10, 2024. TD Cowen Reiterated the rating as Sell on August 08, 2024, but set its price target from $19 to $18. Wolfe Research initiated its ‘Underperform’ rating for DK, as published in its report on July 18, 2024. TD Cowen’s report from June 10, 2024 suggests a price prediction of $20 for DK shares, giving the stock a ‘Sell’ rating. TD Cowen also rated the stock as ‘Hold’.
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Analysis of Delek US Holdings Inc (DK)
DK currently pays a dividend of $1.00 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -35.93%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Delek US Holdings Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -43.52% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.67, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.17M can be a very valuable indicator of volatility for DK stock. On a monthly basis, the volatility of the stock is set at 4.61%, whereas on a weekly basis, it is put at 5.93%, with a loss of -8.29% over the past seven days. Furthermore, long-term investors anticipate a median target price of $20.21, showing growth from the present price of $16.81, which can serve as yet another indication of whether DK is worth investing in or should be passed over.
How Do You Analyze Delek US Holdings Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.60%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 108.20% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DK shares are owned by institutional investors to the tune of 108.20% at present.
