DLocal Limited (NASDAQ: DLO) stock fell -2.61% on Thursday to $13.80 against a previous-day closing price of $14.17. With 0.65 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.7 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $14.25 whereas the lowest price it dropped to was $13.72. The 52-week range on DLO shows that it touched its highest point at $33.63 and its lowest point at $9.03 during that stretch. It currently has a 1-year price target of $16.44.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DLO was down-trending over the past week, with a drop of -2.82%, but this was up by 2.15% over a month. Three-month performance dropped to -7.82% while six-month performance rose 5.02%. The stock lost -42.04% in the past year, while it has lost -11.37% so far this year. A look at the trailing 12-month EPS for DLO yields 0.38 with Next year EPS estimates of 0.75. For the next quarter, that number is 0.11. This implies an EPS growth rate of 37.70% for this year and 34.59% for next year.
Float and Shares Shorts:
At present, 295.13 million DLO shares are outstanding with a float of 144.61 million shares on hand for trading. On May 14, 2023, short shares totaled 8.9 million, which was 3.03% higher than short shares on Apr 13, 2023. In addition to Mr. Sebastian Kanovich as the firm’s CEO & Director, Mr. Jacobo Singer serves as its Pres, COO & Director.
Through their ownership of 88.11% of DLO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 19.13% of DLO, in contrast to 17.39% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in DLO with 9.19% of the stake, Fidelity Management & Research Co holds 14,892,856 shares worth 14,892,856. A second-largest stockholder of DLO, Tiger Global Management LLC, holds 6,168,039 shares, controlling over 3.81% of the firm’s shares. D1 Capital Partners LP is the third largest shareholder in DLO, holding 5,681,853 shares or 3.51% stake. With a 3.55% stake in DLO, the Catalyst Eventide Gilead Fund is the largest stakeholder. A total of 5,758,276 shares are owned by the mutual fund manager. The Fidelity Advisor Series I -Growth, which owns about 3.03% of DLO stock, is the second-largest Mutual Fund holder. It holds 4,905,317 shares valued at 68.67 million. Fidelity Inv. Trust – Emerging Ma holds 1.63% of the stake in DLO, owning 2,642,072 shares worth 36.99 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, DLO reported revenue of $101.18M and operating income of $35.09M. The EBITDA in the recently reported quarter was $42.00M and diluted EPS was $0.10.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DLO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DLO analysts setting a high price target of $25.00 and a low target of $10.00, the average target price over the next 12 months is $16.36. Based on these targets, DLO could surge 81.16% to reach the target high and fall by -27.54% to reach the target low. Reaching the average price target will result in a growth of 18.55% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.