Diodes, Inc (NASDAQ:DIOD) price on Friday, April 11, rose 0.71% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $35.61.
A look at the stock’s price movement, the close in the last trading session was $35.36, moving within a range at $33.66 and $35.97. The beta value (5-Year monthly) was 1.431 while the PE ratio in trailing twelve months stood at 37.50. Turning to its 52-week performance, $86.74 and $32.93 were the 52-week high and 52-week low respectively. Overall, DIOD moved -22.49% over the past month.
Diodes, Inc’s market cap currently stands at around $1.65 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-10.
Analysts have a consensus estimate of 323.27M for the company’s revenue for the quarter, with a low and high estimate of 323M and 324.1M respectively. The average forecast suggests up to a 7.05% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.38B, representing a 5.58% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DIOD is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend DIOD as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
DIOD’s current price about -15.70% and -26.23% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.87, while 7-day volatility ratio is 12.43% and 6.87% in the 30-day chart. Further, Diodes, Inc (DIOD) has a beta value of 1.40, and an average true range (ATR) of 3.15. Analysts have given the company’s stock an average 52-week price target of $74, forecast between a low of $74 and high of $74. Looking at the price targets, the low is -107.81% off current price level while to achieve the yearly target high, price needs to move -107.81%. Nonetheless, investors will most likely welcome a -107.81% jump to $74 which is the analysts’ median price.
If we refocus on Diodes, Inc (NASDAQ:DIOD), historical trading data shows that trading volumes averaged 0.7 over the past 10 days and 571.44K over the past 3 months. The company’s latest data on shares outstanding shows there are 46.33 million shares.
The 3.46% of Diodes, Inc’s shares are in the hands of company insiders while institutional holders own 103.91% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.29 million on 2025-03-14, giving us a short ratio of 4.08. The data shows that as of 2025-03-14 short interest in Diodes, Inc (DIOD) stood at 706.0 of shares outstanding, with shares short falling to 2.9 million registered in 2025-02-14. Current price change has pushed the stock -42.26% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DIOD stock continues to rise going into the next quarter.
