Dorian LPG Ltd (LPG) stock hits $23.17: Is it a good time to buy or wait for a dip?

At the time of writing, Dorian LPG Ltd [LPG] stock is trading at $23.17, down -0.64%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LPG shares have lost -3.26% over the last week, with a monthly amount drifted -9.98%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Dorian LPG Ltd [NYSE: LPG] stock has seen the most recent analyst activity on July 03, 2024, when DNB Markets upgraded its rating to a Buy but kept the price target unchanged to $52 for it. Previously, DNB Markets downgraded its rating to Hold on January 26, 2024. On November 20, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $50 on the stock. Pareto upgraded its rating to a Buy and increased its price target to $35 on October 16, 2023. Jefferies downgraded its rating to a Hold but $30 remained the price target by the analyst firm on August 03, 2023. DNB Markets downgraded its rating to Hold for this stock on July 10, 2023, but kept the price target unchanged to $26.90. In a note dated May 25, 2023, Evercore ISI upgraded an Outperform rating on this stock and boosted its target price from $25 to $32.

For the past year, the stock price of Dorian LPG Ltd fluctuated between $22.46 and $48.53. Currently, Wall Street analysts expect the stock to reach $48.5 within the next 12 months. Dorian LPG Ltd [NYSE: LPG] shares were valued at $23.17 at the most recent close of the market. An investor can expect a potential return of 109.32% based on the average LPG price forecast.

Analyzing the LPG fundamentals

According to Dorian LPG Ltd [NYSE:LPG], the company’s sales were 501.24M for trailing twelve months, which represents an -43.03% plunge. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at 0.53%, Pretax Profit Margin comes in at 0.48%, and Net Profit Margin reading is 0.48%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.23 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.53.

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 22.84 points at the first support level, and at 22.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.70, and for the 2nd resistance point, it is at 24.24.

Ratios To Look Out For

It is important to note that Dorian LPG Ltd [NYSE:LPG] has a current ratio of 4.22. Also, the Quick Ratio is 4.20, while the Cash Ratio stands at 3.35. Considering the valuation of this stock, the price to sales ratio is 1.98, the price to book ratio is 0.91 and price to earnings (TTM) ratio is 3.94.

Transactions by insiders

Recent insider trading involved Hadjipateras Alexander C., Chief Operating Officer, that happened on Aug 05 ’24 when 2500.0 shares were sold. President and CEO, HADJIPATERAS JOHN C completed a deal on Jan 12 ’24 to buy 5000.0 shares.

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