Dycom Industries, Inc (NYSE:DY) shares, rose in value, with the stock price up by 0.55% to the previous day’s close as strong demand from buyers drove the stock to $153.89.
Actively observing the price movement in the last trading, the stock closed the session at $153.05. The PE ratio was 19.44 over 12-month period. Referring to stock’s 52-week performance, its high was $207.20, and the low was $128.40. On the whole, DY has fluctuated by -17.00% over the past month.
With the market capitalization of Dycom Industries, Inc currently standing at about $4.46 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.25B, with a low estimate of 1.18B and a high estimate of 1.21B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.19B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DY’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 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.24, with the price of DY currently trading nearly -12.88% and -14.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.22, while the 7-day volatility ratio is showing 4.90% which for the 30-day chart, stands at 5.17%. Furthermore, Dycom Industries, Inc (DY)’s beta value is 1.37, and its average true range (ATR) is 8.89.
A comparison of Dycom Industries, Inc (DY) with its peers suggests the former has fared considerably weaker in the market. DY showed an intraday change of 0.55% in last session, and over the past year, it grew by 21.83%%. In comparison, MYR Group Inc. (MYRG) has moved higher at 2.89%% on the day and was down -23.10% over the past 12 months. On the other hand, the price of Quanta Services Inc. (PWR) has risen 1.41%% on the day. The stock, however, is off 4.70% from where it was a year ago. Additionally, there is a gain of 1.16%% for EMCOR Group Inc. (EME) in last trading while the stock has seen an overall depriciation of 20.53%% over the past year.
Data on historical trading for Dycom Industries, Inc (NYSE:DY) indicates that the trading volumes over the past 3 months, they’ve averaged 491.35K. According to company’s latest data on outstanding shares, there are 28.98 million shares outstanding.
Nearly 3.72% of Dycom Industries, Inc’s shares belong to company insiders and institutional investors own 99.21% of the company’s shares. The stock has fallen by -11.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DY stock heading into the next quarter.
