DLocal Limited (NASDAQ:DLO) shares, rose in value on Friday, November 01, with the stock price down by -4.00% to the previous day’s close as strong demand from buyers drove the stock to $8.40.
Actively observing the price movement in the last trading, the stock closed the session at $8.75, falling within a range of $8.4 and $8.845. The value of beta (5-year monthly) was 0.763 whereas the PE ratio was 18.60 over 12-month period. Referring to stock’s 52-week performance, its high was $19.45, and the low was $6.57. On the whole, DLO has fluctuated by -2.89% over the past month.
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With the market capitalization of DLocal Limited currently standing at about $2.39 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-13.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 744.85M, with a low estimate of 177.03M and a high estimate of 186.97M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 181.46M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DLO’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.59, with the price of DLO currently trading nearly -6.06% and -2.78% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.27, while the 7-day volatility ratio is showing 3.66% which for the 30-day chart, stands at 4.04%. Furthermore, DLocal Limited (DLO)’s beta value is 0.74, and its average true range (ATR) is 0.35.
A comparison of DLocal Limited (DLO) with its peers suggests the former has fared considerably weaker in the market. DLO showed an intraday change of -4.00% in last session, and over the past year, it shrunk by -50.65%%.
Data on historical trading for DLocal Limited (NASDAQ:DLO) indicates that the trading volumes over the past 10 days have averaged 0.71 and over the past 3 months, they’ve averaged 1.38 million. According to company’s latest data on outstanding shares, there are 161.94 million shares outstanding.
Nearly 78.02% of DLocal Limited’s shares belong to company insiders and institutional investors own 16.69% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.69 million shares as on 2024-10-15, resulting in a short ratio of 10.41. According to the data, the short interest in DLocal Limited (DLO) stood at 1771.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 16.31 million. The stock has fallen by -52.52% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DLO stock heading into the next quarter.
