Delek US Holdings Inc (DK) stock hits $22.92: Is it a good time to buy or wait for a dip?

At the time of writing, Delek US Holdings Inc [DK] stock is trading at $22.92, up 3.95%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DK shares have gain 6.01% over the last week, with a monthly amount drifted -6.56%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, TD Cowen downgraded its rating to Sell on June 10, 2024, and kept the price target unchanged to $20. On May 08, 2024, TD Cowen reiterated its Hold rating and revised its price target to $25 on the stock. TD Cowen reiterated its Market Perform rating and increased its price target to $24 on February 28, 2024. Citigroup initiated its recommendation with a Neutral. Goldman downgraded its rating to Neutral for this stock on March 29, 2023, and downed its price target to $24. In a note dated March 09, 2023, UBS initiated an Neutral rating and provided a target price of $29 on this stock.

For the past year, the stock price of Delek US Holdings Inc fluctuated between $21.15 and $33.60. Currently, Wall Street analysts expect the stock to reach $23.14 within the next 12 months. Delek US Holdings Inc [NYSE: DK] shares were valued at $22.92 at the most recent close of the market. An investor can expect a potential return of 0.96% based on the average DK price forecast.

Analyzing the DK fundamentals

According to Delek US Holdings Inc [NYSE:DK], the company’s sales were 16.22B for trailing twelve months, which represents an -17.75% plunge. Gross Profit Margin for this corporation currently stands at 0.03% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.08 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.1.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.12 points at the first support level, and at 21.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.51, and for the 2nd resistance point, it is at 24.11.

Ratios To Look Out For

It is important to note that Delek US Holdings Inc [NYSE:DK] has a current ratio of 1.04. Further, the Quick Ratio stands at 0.64, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 0.09, the price to book ratio is 1.72.

Transactions by insiders

Recent insider trading involved Spiegel Reuven, CFO, that happened on Jul 08 ’24 when 750.0 shares were sold. Director, Marcogliese Richard J completed a deal on Jun 12 ’24 to buy 2750.0 shares. Meanwhile, CFO Spiegel Reuven sold 750.0 shares on Jun 10 ’24.

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