Dole plc (NYSE:DOLE) shares, rose in value on Friday, May 09, with the stock price down by -0.20% to the previous day’s close as strong demand from buyers drove the stock to $14.76.
Actively observing the price movement in the last trading, the stock closed the session at $14.79. The PE ratio was 11.22 over 12-month period. Referring to stock’s 52-week performance, its high was $17.12, and the low was $11.77. On the whole, DOLE has fluctuated by 7.35% over the past month.
With the market capitalization of Dole plc currently standing at about $1.40 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.32, with its dividend yield at 2.17%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.48B, with a low estimate of 2.01B and a high estimate of 2.09B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.05B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DOLE’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 1.74, with the price of DOLE currently trading nearly 1.85% and 2.72% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.67, while the 7-day volatility ratio is showing 1.86% which for the 30-day chart, stands at 2.21%. Furthermore, Dole plc (DOLE)’s beta value is 0.77, and its average true range (ATR) is 0.35.
A comparison of Dole plc (DOLE) with its peers suggests the former has fared considerably weaker in the market. DOLE showed an intraday change of -0.20% in last session, and over the past year, it grew by 18.65%%.
Data on historical trading for Dole plc (NYSE:DOLE) indicates that the trading volumes over the past 3 months, they’ve averaged 567.80K. According to company’s latest data on outstanding shares, there are 95.04 million shares outstanding.
Nearly 28.23% of Dole plc’s shares belong to company insiders and institutional investors own 53.73% of the company’s shares. The stock has risen by 9.01% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DOLE stock heading into the next quarter.
