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DIT
Stock ticker:
ASE
AS OF
Jul 1 closing price
Price
$163.80
Change
+$4.89 (+3.08%)
Capitalization
96.66M

DIT Price Prediction, AMCON Distributing Co AI Recommendations

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12:00 AM EDT Jun 28, 2022

DIT in downward trend: price dove below 50-day moving average on June 22, 2022

DIT moved below its 50-day moving average on June 22, 2022 date and that indicates a change from an upward trend to a downward trend. In 50 of 66 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 76%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for DIT turned negative on June 23, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 10-day moving average for DIT crossed bearishly below the 50-day moving average on June 24, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DIT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

DIT broke above its upper Bollinger Band on June 09, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 28, 2022. You may want to consider a long position or call options on DIT as a result. In of 109 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DIT advanced for three days, in of 164 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 150 cases where DIT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.178) is normal, around the industry mean (12.978). P/E Ratio (5.942) is within average values for comparable stocks, (50.250). DIT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.467). DIT has a moderately low Dividend Yield (0.004) as compared to the industry average of (0.033). P/S Ratio (0.056) is also within normal values, averaging (3.117).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. DIT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

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published price charts
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published Dividends

DIT paid dividends on May 31, 2022

AMCON Distributing Co DIT Stock Dividends
А dividend of $0.18 per share was paid with a record date of May 31, 2022, and an ex-dividend date of May 05, 2022. Read more...
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published Highlights

Industry description

Food distributors function as intermediaries between food manufacturers and food service operators (such as chefs, restaurants, beverage managers, cafeterias, industrial caterers, hospitals and nursing homes). Food distribution companies buy, store and then supply food items to the food service operators, thereby allowing the latter to have access to a wide range of food items from various manufacturers. Sysco Corporation, US Foods Holding Corp. and Herbalife Nutrition Ltd. are some of the biggest (by market cap) U.S. companies in this segment. Most food service operators buy from local, specialty, and/or broad line food service distributors on a daily or weekly basis. With the rise in e-commerce, consumers are increasingly expecting lower prices, faster service, and higher quality – something that potentially creates the impetus on distribution networks to raise their game.

Market Cap

The average market capitalization across the Food Distributors Industry is 4.03B. The market cap for tickers in the group ranges from 83K to 43.98B. SYY holds the highest valuation in this group at 43.98B. The lowest valued company is CBEV at 83K.

High and low price notable news

The average weekly price growth across all stocks in the Food Distributors Industry was -5%. For the same Industry, the average monthly price growth was -7%, and the average quarterly price growth was -15%. MSHXF experienced the highest price growth at 14%, while CEUMF experienced the biggest fall at -80%.

Volume

The average weekly volume growth across all stocks in the Food Distributors Industry was -82%. For the same stocks of the Industry, the average monthly volume growth was -65% and the average quarterly volume growth was 53%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 48
Price Growth Rating: 61
SMR Rating: 24
Profit Risk Rating: 72
Seasonality Score: 9 (-100 ... +100)
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published General Information

General Information

a distributor of wholesale consumer products

Industry FoodDistributors

Profile
Fundamentals
Details
Industry
Wholesale Distributors
Address
7405 Irvington Road
Phone
+1 402 331-3727
Employees
929
Web
https://www.amcon.com

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DIT and

Correlation & Price change

A.I.dvisor tells us that DIT and CVGW have been poorly correlated (+7% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that DIT and CVGW's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DIT
1D Price
Change %
DIT100%
+1.40%
CVGW - DIT
7%
Poorly correlated
+0.77%
WILC - DIT
-1%
Poorly correlated
-0.32%
CHEF - DIT
-6%
Poorly correlated
+0.18%
SPTN - DIT
-6%
Poorly correlated
+1.52%
SYY - DIT
-6%
Poorly correlated
+1.90%
More