Diodes, Inc [DIOD] stock prices are down -0.31% to $64.89 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DIOD shares have gain 5.22% over the last week, with a monthly amount glided 6.76%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Diodes, Inc [NASDAQ: DIOD] stock has seen the most recent analyst activity on February 07, 2024, when TD Cowen reiterated its Outperform rating and also boosted its price target to $85 from $72. Previously, Truist downgraded its rating to Hold on January 05, 2024, and elevated its price target to $78. On October 31, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $70 on the stock. Cowen reiterated its recommendation of a Outperform and raised its price target to $110 on August 06, 2021. Cowen reiterated a Outperform rating for this stock on May 07, 2021, and upped its price target to $100. In a note dated February 17, 2021, Cowen reiterated an Outperform rating on this stock and boosted its target price from $90 to $95.
The stock price of Diodes, Inc [DIOD] has been fluctuating between $52.71 and $86.74 over the past year. Currently, Wall Street analysts expect the stock to reach $74 within the next 12 months. Diodes, Inc [NASDAQ: DIOD] shares were valued at $64.89 at the most recent close of the market. An investor can expect a potential return of 14.04% based on the average DIOD price forecast.
Analyzing the DIOD fundamentals
The Diodes, Inc [NASDAQ:DIOD] reported sales of 1.29B for trailing twelve months, representing a drop of -13.49%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.03 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 63.37 points at the first support level, and at 61.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.76, and for the 2nd resistance point, it is at 66.63.
Ratios To Look Out For
It’s worth pointing out that Diodes, Inc [NASDAQ:DIOD]’s Current Ratio is 3.58. As well, the Quick Ratio is 2.21, while the Cash Ratio is 0.88. Considering the valuation of this stock, the price to sales ratio is 2.32, the price to book ratio is 1.66 and price to earnings (TTM) ratio is 49.20.
Transactions by insiders
Recent insider trading involved Yang Emily, SVP Worldwide Sales/Marketing, that happened on Aug 30 ’24 when 1000.0 shares were sold. CFO, Whitmire Brett R completed a deal on Aug 29 ’24 to sell 1900.0 shares. Meanwhile, Officer Yang Emily bought 1000.0 shares on Aug 30 ’24.
