DuPont de Nemours Inc (NYSE: DD): Retirees Don’t Worry About Volatility

DuPont de Nemours Inc (NYSE:DD) currently has a daily average trading volume of 3.22M but it saw 2181767 shares traded in last market. With a market cap of 30.52B USD, the company’s current market price of $73.09 came rising about 0.72 while comparing to the previous closing price of $72.57. 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 $75.56, while its current price level is -7.18% below from 52-week high level whereas it is 19.55% 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 $72.14 while that of 200 days or SMA-200 reads an average of $72.92. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.11% during that period while stretching the period over a month that decreases to 1.43%. 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 43.57 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 -4.07% down while it is -0.58% when we observe its performance for the past one month. Year-to-date it is -4.99% down and over the past year, the stock is showing an upside performance of 2.73%.

Currently, DuPont de Nemours Inc’s total number of outstanding shares is 430.11M. 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 78.96 while having a 17.57 of forward P/E ratio. Stock’s beta reads 1.40. Stock has a price to book (P/B) ratio of 1.29 while price to sale or P/S ratio amounts to 2.53. Its return on asset (ROA) is 1.24% on average.