The stock of DuPont de Nemours, Inc. (NYSE:DD) is now priced at $57.26 and the shares are 1.5 points up or 2.69% higher compared to its previous closing price of $55.76. The stock had 4.354 million contracts set over the past session. DD shares’ daily volume is compared to its average trading volume at 4.727 million shares. However, it has a float of 733 million and although its performance was 1.89% over the week, it’s one to watch. Analysts have given the DD stock a yearly average price target of $64.05 per share. It means the stock’s upside potential is 11.86% with the DD share price recently placing at $54.9201 to $57.27. However, some brokerage firms have priced the stock below the average, including one that has called $55.
The shorts are running away from the DuPont de Nemours, Inc. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the DD shares have declined. Short interest in the stock represents just 0.97% of its float, but the volume has dropped by 0.
In the last trading session, DuPont de Nemours, Inc. (NYSE:DD) raised by $1.06 over the week and gained $4.1 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $73.77. The stock recorded its established 52-week high on 09/16/19.
Since 03/23/20, the stock has traded to a low of $28.33 at 102.12%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.
Looking at current readings, DuPont de Nemours, Inc.’s two-week RSI is 54.9. This suggests that the stock is neutral at the moment and that DD shares’ price movement remains stable. The stochastic readings are equally revealing at 41.74% meaning the DD share price is currently in neutral territory.
The technical chart shows that the DD stock will likely settle at between $58.05 and $58.83 per share. However, if the stock dips below $55.7, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $54.13.
Currently, the stock is trading in the green of MACD, with a reading of 0.29. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Stephens cut their recommendation for DD from Overweight to Equal-Weight in August 03 review while maintai their target price of $55. RBC Capital Mkts analysts upgraded their recommendation of the stock from Sector Perform to Outperform while keeping its target price at $49 to $66 in a flash note released to investors on June 25. Wells Fargo analysts see the stock as Overweight. Nonetheless, the analysts revised the share prices up on June 19, placing it at $65 from $60.
The average rating for the DD equity is 1.79 and is currently gathering a bullish momentum. Of 24 analysts tracking DuPont de Nemours, Inc. polled by Reuters, 4 rated DD as a hold. The remaining 20 analysts were split evenly. However, the split wasn’t equal as a majority (20) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the DD stock price is 16.32X ahead of its 12-month Consensus earnings per share estimates.
Zacks Consensus Estimate forecasts that the current-quarter revenues for DuPont de Nemours, Inc. (NYSE:DD) will increase by about 2.53%, which will see them reach $4950 million. The company’s full-year revenues are, however, expected to diminish by about -6.69%, down from $21500 million to $20100 million. DD’s expected adjusted earnings should drop almost -23.96% to end up at $0.73 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -20.53% to record $3.02/share.