With 0.73 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.34 million shares. The 52-week range on DSP shows that it touched its highest point at $26.33 and its lowest point at $7.77 during that stretch. It currently has a 1-year price target of $23.86. Beta for the stock currently stands at 1.11.
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 DSP was down-trending over the past week, with a drop of -26.61%, but this was down by -37.17% over a month. Three-month performance dropped to -25.00% while six-month performance rose 39.98%. The stock gained 50.00% in the past year, while it has lost -22.75% so far this year. A look at the trailing 12-month EPS for DSP yields 0.04 with Next year EPS estimates of 0.24. For the next quarter, that number is -0.07. This implies an EPS growth rate of 4.85% for this year and 62.92% for next year. EPS is expected to grow by 13.61% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -23.76%.
Float and Shares Shorts:
At present, 16.37 million DSP shares are outstanding with a float of 14.71 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DSP since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.17985 being high and $0.1592 being low. For DSP, this leads to a yearly average estimate of $0.168. Based on analyst estimates, the high estimate for the next quarter is $0.15 and the low estimate is $0.07. The average estimate for the next quarter is thus $0.11.
