The stock of Delek US Holdings, Inc. (NYSE:DK) has been Downgraded to Market Perform from Outperform by Cowen in its latest research note that was published on August 22. Goldman analysts have downgraded their rating of DK stock from Neutral to Sell in a separate flash note to investors on June 25. Analysts at Goldman downgraded the stock to a Neutral call from its previous Buy stance, in a research note that dated back to April 16.
Delek US Holdings, Inc., which has current market capitalization of above $3 Billion, published its last quarter earnings on June 30, 2019.
DK surged by $0.04 during the normal trading session on Thursday and reaching a high of $37.15 during the day while it closed the day at $36.53. The Delek stock had a high trading volume of 1.76 million shares on that day, which is high compared to the average daily volume of 1.31M shares. DK has also gained 3.31% of its value over the past 7 days. However, the stock has surged by 3.34% in the 3 months of the year. Over the past six months meanwhile, it has gained 3.05% while it has added 12.37% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -17.13% from its 3 months high price. However, taking another look at DK will indicate that it is trading +20.44% away from its 90-day low. Looking at the bigger picture, the Delek US Holdings, Inc. stock has dropped by -22.43% from its 52-week high while it has surged by +23.79% from its 52-week low price.
Delek has around 951 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $2 Trillion. The Delek stock is bringing in revenue of over 12 months, which is roughly 100 Billion. Despite all that, Delek US Holdings, Inc. is seeing things progressing very much as their y-o-y quarterly revenue surged by 25.31%.
Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 45.09%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 84.47%. Over the past 20 days, Delek’s Stochastic %K stood at 89.49% while its Stochastic %D was revealed to be 90.2%.