Duckhorn Portfolio Inc (NYSE:NAPA) price is hovering lower on current market day and dropping -0.05% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $10.98, with intraday deals fluctuating between $10.965 and $10.98. The company’s 5Y monthly beta was ticking 0.213 while its P/E ratio in the trailing 12-month period read 23.66. Taking into account the 52-week price action we note that the stock hit a 52-week high of $11.08 and 52-week low of $5.38. The stock added 94.59% on its value in the past month.
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Duckhorn Portfolio Inc, which has a market valuation of $1.62 billion, is expected to release its quarterly earnings report on 2024-Dec-04.
On average, analysts have forecast the company’s revenue for the quarter will hit 127.98M, with the likely lows of 121.41M and highs of 131.7M. Staying with the analyst view, there is a consensus estimate of 487.92M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 20.30% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give NAPA a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 4 analysts have assigned NAPA a recommendation rating as follows: 1 rate it as a Hold; 3 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Duckhorn Portfolio Inc (NAPA) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that NAPA’s price is at present 20.59% off the SMA20 and 49.46% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 85.53, with weekly volatility standing at 0.27%. The indicator jumps to 1.59% when calculated based on the past 30 days. Duckhorn Portfolio Inc (NYSE:NAPA)’s beta value is holding at 0.26, while the average true range (ATR) indicator is currently reading 0.26. Considering analysts have assigned the stock a price target range of $11-$23 as the low and high respectively, we find the trailing 12-month average consensus price target to be $11. Based on this estimate, we see that today’s price at last check is roughly -0.18% off the estimated low and -109.47% off the forecast high. Investors will no doubt be excited to see the share price fall to $11, which is the median consensus price, and at that level NAPA would be -0.18% from recent price.
An analysis of the Duckhorn Portfolio Inc (NYSE:NAPA) stock in terms of its daily trading volume indicates that the 3-month average is 2.35 million. However, this figure increases on the past 10-day timeline to an average of 2.29 million.
Current records show that the company has 147.07M in outstanding shares. The insiders’ percentage holdings are 70.58% of outstanding shares while the percentage share held by institutions stands at 34.55%. The stats also highlight that short interest as of 2024-09-30, stood at 8.75 million shares, which puts the short ratio at the time at 7.12. From this we can glean that short interest is 1644.00 of company’s current outstanding shares. Notably, we see that shares short in September rose slightly given the previous month’s figure stood at 8.05 million. But the 11.42% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
