Does DHT’s current price volatility affect its future potential? – Marketing Sentinel
In the last trading session, 3.18 million shares of DHT Holdings Inc. (NYSE: DHT) changed hands as the company’s beta hit -0.25. With the company’s share price at $ 5.96 having changed hands to $ -0.22 or -3.56% in the last session, the market valuation stood at $ 1.01 billion. The latest DHT price was a discount, trading around -14.77% from its 52 week high of $ 6.84. The stock price hit a 52-week low of $ 4.52, suggesting the latest value was 24.16% higher since then. When we look at the average trading volume of DHT Holdings Inc., we note that the 3-month average is 2.41 million.
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Analysts have assigned DHT Holdings Inc. (DHT) a consensus rating of Overweight, calculated at an average rating of 2.40. If we limit ourselves to the details, the data shows that 0 of 11 analysts rate the stock as a sell, with another 0 rating it as overweight. Of the others, 5 recommended DHT as a hold, 6 felt it was a buy, and 0 rated the stock as underweight. DHT Holdings Inc.’s EPS for the current quarter is expected to be $ -0.07.
Instantly, the DHT was in red as seen at the end of the last exchange. With a share of -8.17%, the performance of the last five days has been red. The fall to weekly highs of 6.57 on Tuesday 7/13/21 subtracted -3.56% from the daily stock price. Shares of the company are up 13.96% year-to-date, with a 5-day performance of -8.17% in the red. However, within the 30 day time frame, DHT Holdings Inc. (NYSE: DHT) is down -8.31%.
The consensus price target for the stock as assigned by Wall Street analysts is $ 7.37, which means the bulls need a 19.13% rise from its market value. current. According to analysts’ projections, the expected low for DHT is $ 6.00 with $ 10.00 as the high target. To reach the expected high, the stock price needs a fall of -67.79% from its current level, while the stock would need to soar -0.67% to hit the lower expected.
DHT Holdings Inc. (DHT) Estimates and Forecasts
The data shows that DHT Holdings Inc. stock is performing relatively no better than most of its peers within the same industry. As can be deduced from the statistics, the company’s share value has reached 7.78% in the last 6 months, an annual growth rate of -95.98% which is considerably lower than the industry average. by 11.60%. Additionally, analysts have sought to lower expectations by improving its revenue estimates for fiscal 2021. Rating agencies predict that current quarter revenue for DHT Holdings Inc. will fall -108.60%, while revenue growth is expected to reach -105.90% for the next quarter. Year-over-year growth is expected to be -51.30% compared to the previous year.
Consensus estimates given by 9 financial analysts predict that the company’s revenue in the current quarter will average $ 51.92 million. 8 analysts believe DHT Holdings Inc.’s revenue for the quarter ending September 2021 will be $ 60.87 million. The company’s revenues for the corresponding quarters a year ago were $ 194.17 million and $ 108.99 million, respectively. Analysts say the company is likely to see current quarter sales growth, forecast at -73.30%. Sales estimates for the next quarter point to growth of -44.20%.
Looking at the company’s year-over-year profits, the data shows that the past 5 years have a profit growth rate of 10.80%. Estimates for 2021 call for DHT Holdings Inc. to increase earnings by 257.40%, but the outlook for the next 5-year period is 5.00% per year.
DHT Holdings Inc. is expected to release its next quarterly earnings report between August 9 and August 13. The share’s annual rate of return of 2.68% gives it an annual dividend of 0.16. It is important to note, however, that the dividend yield ratio of 2.68% should only be used as a guide, as there are many other aspects of a company’s operations and fundamentals that you should also consider before taking any investment decision.
Principal Holders of DHT Holdings Inc. (NYSE: DHT)
If we look at who the major shareholders are, we find that insiders own 16.34% of the shares of DHT Holdings Inc. while 56.31% of the shares are in the hands of institutional holders. The free float percentage of the share is currently 67.32%. There are 56.31% of institutions owning DHT Holdings Inc. stock, with FMR, LLC being the main institutional holder. As of March 30, 2021, the company held 9.93% of the shares, or approximately 16.95 million DHT shares valued at $ 100.53 million.
Dimensional Fund Advisors LP has the second largest percentage of shares outstanding, with 6.99% or 11.94 million shares valued at $ 70.79 million as of March 30, 2021.
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Among mutual funds, the top two as of April 29, 2021 were Fidelity Convertible Securities Fund and DFA US Small Cap Value Series. With 6.99 million shares valued at $ 41.24 million, the former controlled 4.09% of the total shares outstanding. On the other hand, DFA US Small Cap Value Series held about 2.38% of the shares, or about 4.06 million shares worth about $ 23.95 million.