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These Numbers Reveal How Powerful Dynatrace Inc. (NYSE: DT) Stock Is

The trading price of Dynatrace Inc. (NYSE:DT) closed lower on Tuesday, May 23, closing at $48.94, -0.47% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $48.77 and $50.49. The company’s P/E ratio in the trailing 12-month period was 132.99, while its 5Y monthly beta was 1.10. In examining the 52-week price action we see that the stock hit a 52-week high of $49.78 and a 52-week low of $31.54. Over the past month, the stock has gained 14.48% in value.

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Dynatrace Inc., whose market valuation is $14.19 billion at the time of this writing, is expected to release its quarterly earnings report Aug 01, 2023 – Aug 07, 2023. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.22 per share this quarter, however they have predicted annual earnings per share of $1 for 2024 and $1.19 for 2025. It means analysts are expecting annual earnings per share growth of 3.10% this year and 19.00% next year.

Analysts have forecast the company to bring in revenue of $330.11 million for the current quarter, with the likely lows of $313.4 million and highs of $388.2 million. The average estimate suggests sales will likely up by 23.50% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $1.39 billion. The company’s revenue is forecast to grow by 20.20% over what it did in 2024.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Dynatrace Inc. 6 upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest DT has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 11.91, which symbolizes a positive outlook. A quick review shows that DT’s price is currently 9.13% off the SMA20 and 15.50% off the SMA50. The RSI metric on the 14-day chart is currently showing 74.64, and weekly volatility stands at 3.79%. When measured over the past 30 days, the indicator reaches 2.98%. Dynatrace Inc. (NYSE:DT)’s beta value is currently sitting at 1.08, while the Average True Range indicator is currently displaying 1.38.

To see how Dynatrace Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: DT stock’s performance was -0.47% in the latest trading, and 28.89% in the past year, while Microsoft Corporation (MSFT) has traded -1.84% on the day and positioned 24.83% higher than it was a year ago. Another comparable company Amazon.com Inc. (AMZN) saw its stock close -0.02% lower in the most recent trading session but was up 6.88% in a year. Furthermore, Broadcom Inc. (AVGO) showed an increase of 1.20% on the day while its price kept inclining at 26.38% over the past year. Dynatrace Inc. has a P/E ratio of 132.99, compared to Microsoft Corporation’s 34.17 and Amazon.com Inc.’s 279.10. Also in last trading session, the S&P 500 Index has plunged -1.12%, while the Dow Jones Industrial also saw a negative session, down -0.69% on the day.

An evaluation of the daily trading volume of Dynatrace Inc. (NYSE:DT) indicates that the 3-month average is 2.56 million. However, this figure has increased over the past 10 days to an average of 4.64 million.

Currently, records show that 287.96 million of the company’s shares remain outstanding. The insiders hold 0.70% of outstanding shares, whereas institutions hold 99.83%. The stats also highlight that short interest as of Apr 27, 2023, stood at 9.42 million shares, resulting in a short ratio of 4.84 at that time. From this, we can conclude that short interest is 3.26% of the company’s total outstanding shares. It is noteworthy that short shares in April were up slightly from the previous month’s figure, which was 7.17 million. However, since the stock’s price has seen 27.78% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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