Dollar General Corp. (NYSE:DG) shares, rose in value, with the stock price down by -32.15% to the previous day’s close as strong demand from buyers drove the stock to $84.03.
Actively observing the price movement in the last trading, the stock closed the session at $123.84, falling within a range of $84.0 and $97.0. The value of beta (5-year monthly) was 0.431 whereas the PE ratio was 12.24 over 12-month period. Referring to stock’s 52-week performance, its high was $168.07, and the low was $101.09. On the whole, DG has fluctuated by -30.20% over the past month.
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With the market capitalization of Dollar General Corp. currently standing at about $18.48 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Aug-29. The company’s Forward Dividend Ratio is 2.36, with its dividend yield at 2.81%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 41.02B, with a low estimate of 10.22B and a high estimate of 10.43B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 10.37B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DG’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of DG currently trading nearly -30.66% and -32.22% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 16.65, while the 7-day volatility ratio is showing 4.35% which for the 30-day chart, stands at 3.37%. Furthermore, Dollar General Corp. (DG)’s beta value is 0.47, and its average true range (ATR) is 5.88.
A comparison of Dollar General Corp. (DG) with its peers suggests the former has fared considerably weaker in the market. DG showed an intraday change of -32.15% in last session, and over the past year, it shrunk by -45.78%%.
Data on historical trading for Dollar General Corp. (NYSE:DG) indicates that the trading volumes over the past 10 days have averaged 5.98 and over the past 3 months, they’ve averaged 2.55 million. According to company’s latest data on outstanding shares, there are 219.66 million shares outstanding.
Nearly 0.31% of Dollar General Corp.’s shares belong to company insiders and institutional investors own 102.98% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.77 million shares as on 2024-08-15, resulting in a short ratio of 2.9. According to the data, the short interest in Dollar General Corp. (DG) stood at 348.00 of shares outstanding as of 2024-08-15; the number of short shares registered in 2024-07-15 reached 7.13 million. The stock has fallen by -38.19% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DG stock heading into the next quarter.
