Market Momentum: DHT Holdings Inc (DHT) Registers a 1.73 Increase, Closing at 11.79

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DHT Holdings Inc (NYSE: DHT) closed the day trading at $11.79 up 1.73% from the previous closing price of $11.59. In other words, the price has increased by $1.73 from its previous closing price. On the day, 1.01 million shares were traded. DHT stock price reached its highest trading level at $11.79 during the session, while it also had its lowest trading level at $11.62.

Ratios:

For a better understanding of DHT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.16. For the most recent quarter (mrq), Quick Ratio is recorded 2.33 and its Current Ratio is at 2.87. In the meantime, Its Debt-to-Equity ratio is 0.40 whereas as Long-Term Debt/Eq ratio is at 0.36.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on March 21, 2024, Upgraded its rating to Buy and sets its target price to $14 from $11 previously.

On October 19, 2023, Stifel Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $11.

Jefferies Downgraded its Buy to Hold on May 04, 2023, whereas the target price for the stock was revised from $12 to $10.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 19 ’24 when Kramer Jeremy bought 27,027 shares for $11.36 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DHT now has a Market Capitalization of 1903660544 and an Enterprise Value of 2218077440. As of this moment, DHT’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.10, and their Forward P/E ratio for the next fiscal year is 6.34. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.35 while its Price-to-Book (P/B) ratio in mrq is 1.83. Its current Enterprise Value per Revenue stands at 3.87 whereas that against EBITDA is 7.566.

Stock Price History:

Over the past 52 weeks, DHT has reached a high of $12.80, while it has fallen to a 52-week low of $9.28. The 50-Day Moving Average of the stock is 6.87%, while the 200-Day Moving Average is calculated to be 4.87%.

Shares Statistics:

Over the past 3-months, DHT traded about 2.04M shares per day on average, while over the past 10 days, DHT traded about 1652490 shares per day. A total of 161.00M shares are outstanding, with a floating share count of 139.15M. Insiders hold about 13.82% of the company’s shares, while institutions hold 61.89% stake in the company. Shares short for DHT as of 1727654400 were 7717882 with a Short Ratio of 3.78, compared to 1724976000 on 6898813. Therefore, it implies a Short% of Shares Outstanding of 7717882 and a Short% of Float of 6.670000399999999.

Dividends & Splits

DHT’s forward annual dividend rate is 0.97, up from 0.97 a year ago. Against a Trailing Annual Dividend Yield of 0.08369284The stock’s 5-year Average Dividend Yield is 8.74.

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