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Dole plc (DOLE) – Don’t Be So Quick to Call it Dead

Dole plc (NYSE: DOLE) is 24.25% higher on its value in year-to-date trading and has touched a low of $10.55 and a high of $15.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DOLE stock was last observed hovering at around $14.79 in the last trading session, with the day’s gains setting it 0.48%.

Currently trading at $15.27, the stock is 6.12% and 16.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing 3.25% at the moment leaves the stock 25.76% off its SMA200. DOLE registered 14.04% gain for a year compared to 6-month gain of 39.84%.

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The stock witnessed a 11.70% loss in the last 1 month and extending the period to 3 months gives it a 20.05%, and is 3.95% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.07% over the week and 2.52% over the month.

Dole plc (DOLE) has around 34078 employees, a market worth around $1.45B and $8.36B in sales. Current P/E ratio is 6.80 and Fwd P/E is 10.56. Profit margin for the company is 2.56%. Distance from 52-week low is 44.74% and 1.80% from its 52-week high. The company has generated returns on investments over the last 12 months (8.51%).

with sales reaching $2B over the same period.The EPS is expected to shrink by -3.16% this year, but quarterly earnings will post -0.10% year-over-year. Quarterly sales are estimated to shrink -2.30% in year-over-year returns.

The shares outstanding are 94.93M, and float is at 61.42M with Short Float at 3.68%.

The top institutional shareholder in the company is PALE FIRE CAPITAL SE with over 7.67 million shares valued at $$91.47 million. The investor’s holdings represent 8.0769 of the DOLE Shares outstanding. As of 2024-03-31, the second largest holder is RUBRIC CAPITAL MANAGEMENT LP with 5.14 million shares valued at $$61.34 million to account for 5.416 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 4.02 million shares representing 4.2386 and valued at over $$48.0 million, while IMPAX ASSET MANAGEMENT GROUP PLC holds 2.325 of the shares totaling 2.21 million with a market value of $$26.33 million.

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