Dynatrace, Inc. (NYSE:DT) traded at $37.12 at last check on Tuesday, Jun 02, making a downturn move of -4.27% on its previous day’s price.
Looking at the stock we see that its previous close was $38.66 with the day’s price range being $36.95 – 38.59. In terms of its 52-week price range, DT has a high of $39.1 and a low of $17.05. The company’s stock has gained about 29.51% over that past 30 days.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $149.5 Million, with a low of $148.5 Million and a high of $150.12 Million. The median projection represents growth adding up to 22% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $639.36 Million, or +17.1% up from figures reported last year.
On the other hand, looking at the outlook for the DT stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Let’s briefly compare Dynatrace, (DT) stock to its peers. We find that today’s price change of -4.27% and 0% over the past 12 months for DT competes that of Servicenow Inc (NOW), which has seen its stock price fall -1.15% in the latest trading session and is +46.36% over the last one year. Another of its peers Infosys Ltd (INFY) has climbed 0.92% today, but is -11.56% down over the past year, while Dell Technologies Inc (DELL) is also down -4.27% yet its price remains in the red at 0% over the same period. Servicenow has a P/E ratio of 112.72 compared to Dynatrace,’s 0 and Infosys’ 17.98. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.48% and 0.08%, respectively, in early deals.
Coming back to Dynatrace, Inc. (NYSE:DT), we note that the average 3-month trading volume was 2.41 Million, while that of the preceding 10-day period stands at 4.3 Million. Current shares outstanding are 280.85 Million.
According to data from Thomson Reuters, insiders hold 1.95% of the company’s shares while institutions hold 92.35%. The data shows that short shares as of May 14, 2020, stood at 5.25 Million at a short ratio of 2.55. This represents a 1.87% Short interest in Shares outstanding on May 14, 2020. Shares short rose in May from the previous month at 4.46 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +52.81% up in year-to-date price movement.