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DLocal Limited (NASDAQ:DLO) Is 35.04% Above Its 52-Week Low, But How Long Can It Continue?

In last trading session, DLocal Limited (NASDAQ:DLO) saw 2.84 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $13.90 trading at $0.76 or 5.78% at ring of the bell on the day assigns it a market valuation of $3.41B. That closing price of DLO’s stock is at a discount of -171.94% from its 52-week high price of $37.80 and is indicating a premium of 35.04% from its 52-week low price of $9.03. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 17.9 million shares which gives us an average trading volume of 3.68 million if we extend that period to 3-months.

For DLocal Limited (DLO), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.60. Splitting up the data highlights that, out of 9 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.11 in the current quarter.

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DLocal Limited (NASDAQ:DLO) trade information

Upright in the green during last session for gaining 5.78%, in the last five days DLO remained trading in the green while hitting it’s week-highest on Tuesday, 11/22/22 when the stock touched $13.90 price level, adding 3.2% to its value on the day. DLocal Limited’s shares saw a change of -61.05% in year-to-date performance and have moved 32.89% in past 5-day. DLocal Limited (NASDAQ:DLO) showed a performance of -36.53% in past 30-days. Number of shares sold short was 7.74 million shares which calculate 7 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $31.78 to the stock, which implies a rise of 56.26% to its current value. Analysts have been projecting $21.00 as a low price target for the stock while placing it at a high target of $43.00. It follows that stock’s current price would drop -209.35% in reaching the projected high whereas dropping to the targeted low would mean a loss of -51.08% for stock’s current value.

DLocal Limited (DLO) estimates and forecasts

Statistics highlight that DLocal Limited is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -47.07% of value to its shares in past 6 months, showing an annual growth rate of 68.00% while that of industry is 7.80. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 57.10% in the current quarter and calculating 50.00% increase in the next quarter. This year revenue growth is estimated to rise 72.40% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $110.1 million for the same. And 5 analysts are in estimates of company making revenue of $119.46 million in the next quarter that will end on Dec 2022.

DLO Dividends

DLocal Limited is more likely to be releasing its next quarterly report on November 15 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

DLocal Limited (NASDAQ:DLO)’s Major holders

Insiders are in possession of 9.32% of company’s total shares while institution are holding 91.76 percent of that, with stock having share float percentage of 101.19%. Investors also watch the number of corporate investors in a company very closely, which is 91.76% institutions for DLocal Limited that are currently holding shares of the company. General Atlantic, L.P. is the top institutional holder at DLO for having 57.31 million shares of worth $1.5 billion. And as of Jun 29, 2022, it was holding 19.43% of the company’s outstanding shares.

The second largest institutional holder is FMR, LLC, which was holding about 11.57 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 3.92% of outstanding shares, having a total worth of $303.8 million.

On the other hand, Mutual Fund Ser Tr-Eventide Gilead Fund and Fidelity Advisor Growth Opportunities Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 3.22 million shares of worth $84.41 million or 1.09% of the total outstanding shares. The later fund manager was in possession of 2.55 million shares on Jun 29, 2022, making its stake of worth around $66.93 million in the company or a holder of 0.86% of company’s stock.

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