DHT Holdings, Inc. (DHT) Momentum Continues

The stock of DHT Holdings, Inc. (NYSE:DHT) has been Upgraded to Outperform from In-line by Evercore ISI in its latest research note that was published on April 24. DHT was given a price target of $7 by Evercore ISI, with other Wall Street analysts also giving their reports regarding the stock. DNB Markets analysts bumped their recommendation on DHT stock from Hold to Buy in a separate flash note to investors on February 12. Analysts at Wells Fargo downgraded the stock to a Market Perform call from its previous Outperform stance, in a research note that dated back to January 10.

DHT Holdings, Inc., which has current market capitalization of above $843 Million, published its last quarter earnings on June 30, 2019.

DHT surged by $0.11 during the normal trading session on Thursday and reaching a high of $5.93 during the day while it closed the day at $5.90. The DHT stock had a low trading volume of 1.59 million shares on that day, which is low compared to the average daily volume of 988.51M shares. DHT has also gained 2.61% of its value over the past 7 days. However, the stock has surged by 5.73% in the 3 months of the year. Over the past six months meanwhile, it has gained 31.11% while it has added 50.51% 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 -5.45% from its 3 months high price. However, taking another look at DHT will indicate that it is trading +15.91% away from its 90-day low. Looking at the bigger picture, the DHT Holdings, Inc. stock has dropped by -5.45% from its 52-week high while it has surged by +63.89% from its 52-week low price.

DHT has around 71 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $122 Billion. The DHT stock is bringing in revenue of over 12 months, which is roughly 64 Billion. Despite all that, DHT Holdings, Inc. is seeing things progressing very much as their y-o-y quarterly revenue surged by 26.96%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 70.43%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 95.29%. Over the past 20 days, DHT’s Stochastic %K stood at 90.59% while its Stochastic %D was revealed to be 88.7%.