Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $59.44 in the prior trading day, Diodes, Inc (NASDAQ: DIOD) closed at $60.44, up 1.68%. In other words, the price has increased by $1.68 from its previous closing price. On the day, 0.47 million shares were traded. DIOD stock price reached its highest trading level at $61.8 during the session, while it also had its lowest trading level at $60.32.
Ratios:
Our goal is to gain a better understanding of DIOD by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.21 and its Current Ratio is at 3.58. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.02.
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 this company, TD Cowen on February 07, 2024, Reiterated its Outperform rating but revised its target price to $85 from $72 previously.
On January 05, 2024, Truist Downgraded its rating to Hold which previously was Buy and also upped its target price recommendation from $72 to $78.
Robert W. Baird Downgraded its Outperform to Neutral on October 31, 2023, whereas the target price for the stock was revised from $120 to $70.
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 30 ’24 when Yang Emily sold 1,000 shares for $70.48 per share. The transaction valued at 70,484 led to the insider holds 59,820 shares of the business.
Whitmire Brett R sold 1,900 shares of DIOD for $132,974 on Aug 29 ’24. The CFO now owns 46,365 shares after completing the transaction at $69.99 per share. On Aug 30 ’24, another insider, Yang Emily, who serves as the Officer of the company, bought 1,000 shares for $70.48 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DIOD now has a Market Capitalization of 2800360448 and an Enterprise Value of 2642441472. As of this moment, Diodes,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 45.83, and their Forward P/E ratio for the next fiscal year is 29.34. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.16 while its Price-to-Book (P/B) ratio in mrq is 1.55. Its current Enterprise Value per Revenue stands at 2.041 whereas that against EBITDA is 13.506.
Stock Price History:
The Beta on a monthly basis for DIOD is 1.32, which has changed by -0.14029503 over the last 52 weeks, in comparison to a change of 0.22212577 over the same period for the S&P500. Over the past 52 weeks, DIOD has reached a high of $86.74, while it has fallen to a 52-week low of $52.71. The 50-Day Moving Average of the stock is -2.16%, while the 200-Day Moving Average is calculated to be -10.47%.
Shares Statistics:
The stock has traded on average 357.09K shares per day over the past 3-months and 372320 shares per day over the last 10 days, according to various share statistics. A total of 46.33M shares are outstanding, with a floating share count of 44.80M. Insiders hold about 3.31% of the company’s shares, while institutions hold 101.59% stake in the company. Shares short for DIOD as of 1735603200 were 2690189 with a Short Ratio of 7.53, compared to 1732838400 on 2394361. Therefore, it implies a Short% of Shares Outstanding of 2690189 and a Short% of Float of 8.3000004.
