With 430.11M Outstanding Shares, Can DuPont de Nemours Inc (NYSE: DD) Deliver Big Short-Term Gains?

DuPont de Nemours Inc (NYSE:DD) currently has a daily average trading volume of 3.27M but it saw 1904322 shares traded in last market. With a market cap of 31.82B USD, the company’s current market price of $76.19 came falling about -1.41 while comparing to the previous closing price of $77.28. In past 52 weeks, the stock remained buoying in the range of price level as high as $78.74 and as low as $61.14.

Taking a look at 20-day trading activity of DuPont de Nemours Inc (DD) gives us an average price of $75.52, while its current price level is -3.24% below from 52-week high level whereas it is 24.62% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $70.96 while that of 200 days or SMA-200 reads an average of $72.82. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.73% during that period while stretching the period over a month that decreases to 1.27%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 60.18 which implies that the stock is in neutral territory.

Wells Fargo downgraded its recommendation for the stock as a “Equal Weight” from “Overweight” on January 24, 2024 while assigning a price target range of $85-$69. BMO Capital Markets issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $80 and $72.

Over the week, DD’s stock price is moving -1.21% down while it is 5.60% when we observe its performance for the past one month. Year-to-date it is -0.96% down and over the past year, the stock is showing an upside performance of 9.14%.

The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of $0.87 beat the consensus estimate of $0.85 for the same. For DD, analysts are forecasting an EPS-growth rate of -0.90% for current year and estimate for EPS growth in next year is 20.90%. In next quarter, company is expected to be making quarterly sales of $3.02 billion as analysts are expecting the sales for current fiscal year at $12.11 billion and seeing the company making $12.73 billion in sales next year. Moreover, analysts are in estimates of $2.81 billion for current-quarter revenue.

Currently, DuPont de Nemours Inc’s total number of outstanding shares is 430.11M with 0.23% of that held by the insiders while 75.61% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 1.30% and return on equity (ROE) at 1.94%. It has a price to earnings ratio (P/E ratio) of 82.31 while having a 18.31 of forward P/E ratio. Stock’s beta reads 1.40. Stock has a price to book (P/B) ratio of 1.35 while price to sale or P/S ratio amounts to 2.64. Its return on asset (ROA) is 1.24% on average.