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DuPont de Nemours Inc. (DD) Sitting On The Launch Pad, Waiting For Long Term Investors

DuPont de Nemours Inc. (NYSE:DD) price on Friday, March 17, fall -2.41% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $67.55.

A look at the stock’s price movement, the close in the last trading session was $69.22, moving within a range at $67.42 and $68.935. The beta value (5-Year monthly) was 1.25 while the PE ratio in trailing twelve months stood at 33.57. Turning to its 52-week performance, $78.98 and $49.52 were the 52-week high and 52-week low respectively. Overall, DD moved -11.51% over the past month.

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DuPont de Nemours Inc.’s market cap currently stands at around $31.17 billion, with investors looking forward to this quarter’s earnings report slated for May 01, 2023 – May 05, 2023. The company has a Forward Dividend ratio of 1.44, with its dividend yield at 2.13%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $1.13, which has seen fiscal year 2021 EPS growth forecast to increase to $4.3 and about $4.94 for fiscal year 2022. Per the data, EPS growth is expected to be 94.60% for 2023 and 14.90% for the next financial year.

Analysts have a consensus estimate of $4.2 billion for the company’s revenue for the quarter, with a low and high estimate of $4.16 billion and $4.24 billion respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $16.5 billion, representing a -19.10% decline on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was 1 upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that DD is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.

The technical evaluation for the stock shows the PEG ratio is 2.50, with DD’s current price about -6.52% and -8.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.52, while 7-day volatility ratio is 2.64% and 2.22% in the 30-day chart. Further, DuPont de Nemours Inc. (DD) has a beta value of 1.43, and an average true range (ATR) of 1.84. Analysts have given the company’s stock an average 52-week price target of $85.12, forecast between a low of $76.00 and high of $103.00. Looking at the price targets, the low is -12.51% off current price level while to achieve the yearly target high, price needs to move -52.48%. Nonetheless, investors will most likely welcome a -25.83% jump to $85.00 which is the analysts’ median price.

In the market, a comparison of DuPont de Nemours Inc. (DD) and its peers suggest the former has performed considerably weaker. Data shows DD’s intraday price has changed -2.41% in last session and -9.01% over the past year. Comparatively, Linde plc (LIN) has moved -2.31% on the day and only 8.52% in the past 12 months. If we look at the PE ratio, we find that DuPont de Nemours Inc.’s ratio stands at 33.57 compared to Linde plc’s 40.12. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -1.10% and -1.19% respectively in the last trading.

If we refocus on DuPont de Nemours Inc. (NYSE:DD), historical trading data shows that trading volumes averaged 3.53 million over the past 10 days and 2.89 million over the past 3 months. The company’s latest data on shares outstanding shows there are 477.20 million shares.

The 0.10% of DuPont de Nemours Inc.’s shares are in the hands of company insiders while institutional holders own 75.00% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 17.14 million on Jan 30, 2023, giving us a short ratio of 5.62. The data shows that as of Jan 30, 2023 short interest in DuPont de Nemours Inc. (DD) stood at 3.74% of shares outstanding, with shares short falling to 20.59 million registered in Dec 29, 2022. Current price change has pushed the stock -1.57% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DD stock continues to rise going into the next quarter.

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