Dubai Islamic Bank PJSC Stock Analysis: Bullish Momentum Continues as Prices Rise
By KlickAnalytics Data Insights | January 10, 2025 07:52AM ET
Pricing
The stock of Dubai Islamic Bank PJSC continues its upward trend with the current price at 7.3, marking a 1-day change of 0.02 and a 1-day return of 0.28%. The trading volume stands at 5,362,154 shares, while the 1-week return is 3.99% and the 1-month return is 7.35%. Over the past 3 months, the stock has surged by 19.48%, showcasing strong bullish momentum.
The 1-week return stands at 3.11% and the 1-year return at an impressive 25.65%. The recent price rally indicates positive movement, with the close price showing a bullish sentiment compared to the open, high, low, and previous day open prices. The stock currently sits 1.08% below the 1-month high price of 7.38, attained 1 day ago, and 7.67% above the 1-month low price of 6.78, recorded 29 days ago.
The 52-week high price of 7.38 was reached 1 day ago, while the 52-week low price of 5.5 was seen 228 days ago. The current price is 1.08% below the 52-week high and 32.73% above the 52-week low. Historical returns indicate a positive trend, with returns of 0.28% (1-day), 3.99% (1-week), 7.35% (1-month), and 25.65% (1-year).
The historical relative volume for different periods shows consistent investor interest, with ratios of 0.69x (1-week), 0.93x (1-month), and 0.91x (1-year). The stock experienced a 1-month high volume of 20,572,196 shares 25 days ago and a low volume of 1,396,943 shares 15 days ago, with current volume levels indicating -73.93% compared to the high and 283.85% compared to the low.
Fundamentals - TTM
The fundamentals of Dubai Islamic Bank PJSC reflect its strong market position, with a MarketCap of 52,613,335,487 and a Price/Earning Ratio of 7.07. The Net income per share is 1.03, while the Dividend Yield stands at 0.06%. The company's Working Capital is 24,949,000,000, Total Assets amount to 329,169,165,000, and Total Liabilities are at 288,469,000,000. The Total Revenue stands at 14,441,724,000, with EBIT at 8,021,668,000 and Altman Z-Score at 0.32.
Technical Indicators
The technical indicators suggest a positive outlook for the stock, with Spurt UP and Short term UP signals confirming the bullish trend. The stock shows upward momentum in the short, medium, and long terms, with SMA10 > SMA20 > SMA50 > SMA100 > SMA200. The 5-days Simple Moving Average signal is BUY, along with the 10, 20, 50, 100, and 200-days SMAs. Close price comparisons to the SMAs indicate positive growth, with the stock trading above all key moving averages.