DuPont de Nemours Inc (NYSE:DD) does about 3.31M shares in volume on a normal day but saw 1712776 shares change hands in Tuesday trading. The company now has a market cap of 32.08B USD. Its current market price is $76.83, marking a decrease of -0.48% compared to the previous close of $77.20. The 52 week high reached by this stock is $78.74 whilst the lowest price level in 52 weeks is $61.14.
DuPont de Nemours Inc (DD) has a 20-day trading average at $73.92 and the current price is -2.43% off the 52-week high compared with 25.66% distance from its 52-week low. The 50-day simple moving average of the closing price is $69.91 and its 200-day simple moving average is $72.59. If we look at the stock’s price movements over the week, volatility stands at 0.89%, which increases to 1.25% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 73.89 to suggest the stock is overbought.
The consensus objective for the share price is $76.20, suggesting that the stock has a potential downside of -0.83% over the period.
Wells Fargo downgraded the stock to “Equal Weight” from Overweight on January 24, 2024 at a price target of $85-$69. BMO Capital Markets downgraded its price target at $80-$72.
DuPont de Nemours Inc (DD) stock is up 1.17% over the week and 10.45% over the past month. Its price is -0.13% year-to-date and 8.78% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $0.87 above consensus estimates by $0.02. DD’s earnings per share are forecast to shrink by -1.10% this year and 21.50% over next year. Expected sales for next quarter are $3.03 billion, which analysts say will come at $12.11 billion for the current fiscal year and next year at $12.72 billion. In addition, estimates put the company’s current quarterly revenue at an average of $2.81 billion.
To reach the target analysts have set, the stock logically needs to shrink -0.83 percent from here.
Outstanding shares total 430.11M with insiders holding 0.23% of the shares and institutional holders owning 75.61% of the company’s common stock. The company has a return on investment of 1.30% and return on equity of 1.94%. The price to earnings ratio (P/E ratio) amounts to 83.01 while the forward price to earnings ratio is 18.45. The beta has a value of 1.40. Price to book ratio is 1.36 and price to sales ratio is 2.66.
