Dycom Stock Future Price Prediction

DY Stock  USD 104.29  3.79  3.77%   
Dycom Industries stock price prediction is an act of determining the future value of Dycom Industries shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Dycom Industries' future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Dycom Industries and does not consider all of the tangible or intangible factors available from Dycom Industries' fundamental data. We analyze noise-free headlines and recent hype associated with Dycom Industries, which may create opportunities for some arbitrage if properly timed.
Check out Dycom Industries Basic Forecasting Models to cross-verify your projections. For more information on how to buy Dycom Stock please use our How to Invest in Dycom Industries guide.
  
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Dycom Industries based on different types of headlines from major news networks to social media. The Dycom stock price prediction module provides an analysis of price elasticity to changes in media outlook on Dycom Industries over a specific investment horizon.
Quarterly Earnings Growth
1.662
EPS Estimate Current Year
4.04
EPS Estimate Next Year
4.91
Wall Street Target Price
129.43
EPS Estimate Current Quarter
0.7
Using Dycom Industries hype-based prediction, you can estimate the value of Dycom Industries from the perspective of Dycom Industries response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Dycom Industries using Dycom Industries' stock options and short interest. It helps to benchmark the overall future attitude of investors towards Dycom using crowd psychology based on the activity and movement of Dycom Industries' stock price.

Dycom Industries Short Interest

A significant increase or decrease in Dycom Industries' short interest from the previous month could be a good indicator of investor sentiment towards Dycom. Short interest can provide insight into the potential direction of Dycom Industries stock and how bullish or bearish investors feel about the market overall. An investor who is long Dycom Industries may also wish to track short interest. As short interest increases, investors should be becoming more worried about Dycom Industries and may potentially protect profits, hedge Dycom Industries with its derivative instruments, or be ready for some potential downside.
200 Day MA
98.4292
Short Percent
0.0731
Short Ratio
5.85
Shares Short Prior Month
1.9 M
50 Day MA
94.1264

Dycom Industries Hype to Price Pattern

Investor biases related to Dycom Industries' public news can be used to forecast risks associated with an investment in Dycom. The trend in average sentiment can be used to explain how an investor holding Dycom can time the market purely based on public headlines and social activities around Dycom Industries. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Dycom Industries' market sentiment to its price can help taders to make decisions based on the overall investors consensus about Dycom Industries.

Dycom Industries Implied Volatility

    
  40.53  
Dycom Industries' implied volatility exposes the market's sentiment of Dycom Industries stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Dycom Industries' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Dycom Industries stock will not fluctuate a lot when Dycom Industries' options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Dycom Industries. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Dycom Industries to buy its stock at a price that has no basis in reality. In that case, they are not buying Dycom because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.

Dycom Industries after-hype prediction price

    
  USD 105.31  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.

Prediction based on Rule 16 of the current Dycom contract

Based on the Rule 16, the options market is currently suggesting that Dycom Industries will have an average daily up or down price movement of about 2.53% per day over the life of the 2023-06-16 option contract. With Dycom Industries trading at USD104.29, that is roughly USD2.64. If you think that the market is fully incorporating Dycom Industries' daily price movement you should consider acquiring Dycom Industries options at the current volatility level of 40.53%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Dycom Industries' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Dycom Industries in the context of predictive analytics.
Intrinsic
Valuation
LowRealHigh
93.86121.75124.41
Details
Naive
Forecast
LowNextHigh
101.02103.68106.33
Details
6 Analysts
Consensus
LowTargetHigh
105.00125.00145.00
Details
Earnings
Estimates (3)
LowProjected EPSHigh
1.571.782.14
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dycom Industries. Your research has to be compared to or analyzed against Dycom Industries' peers to derive any actionable benefits. When done correctly, Dycom Industries' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Dycom Industries.

Dycom Industries After-Hype Price Prediction Density Analysis

As far as predicting the price of Dycom Industries at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Dycom Industries or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Dycom Industries, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Dycom Industries Estimiated After-Hype Price Volatility

In the context of predicting Dycom Industries' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Dycom Industries' historical news coverage. Dycom Industries' after-hype downside and upside margins for the prediction period are 102.65 and 107.97, respectively. We have considered Dycom Industries' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value 104.29
102.65
Downside
105.31
After-hype Price
107.97
Upside
Dycom Industries is very steady asset. Analysis and calculation of next after-hype price of Dycom Industries is based on 3 months time horizon.

Dycom Industries Stock Price Prediction Analysis

Have you ever been surprised when a price of a company such as Dycom Industries is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Dycom Industries backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Dycom Industries, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
 0.37  2.68  1.02   0.15  8 Events / Month5 Events / MonthIn about 8 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
104.29105.310.98 
97.10  

Dycom Industries Hype Timeline

As of May 29, 2023 Dycom Industries is listed for 104.29. The entity has historical hype elasticity of 1.02 and average elasticity to hype of competition of 0.15. Dycom is anticipated to increase in value after the next headline with the price projected to jump to 105.31 or above. The average volatility of media hype impact on the company stock price is about 97.1%. The price jump on the next news is projected to be 0.98% whereas the daily expected return is currently at 0.37%. The volatility of related hype on Dycom Industries is about 651.01% with expected price after next announcement by competition of 104.44. The company generated the yearly revenue of 3.81 B. Reported Net Income was 142.21 M with gross profit of 648.2 M. Allowing for the 90-day total investment horizon the next anticipated press release will be in about 8 days.
Check out Dycom Industries Basic Forecasting Models to cross-verify your projections. For more information on how to buy Dycom Stock please use our How to Invest in Dycom Industries guide.

Dycom Industries Related Hype Analysis

Having access to credible news sources related to Dycom Industries' direct competition is more important than ever and may enhance your ability to predict Dycom Industries' future price movements. Getting to know how Dycom Industries rivals react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Dycom Industries may potentially react to the hype associated with one of its peers.

Dycom Industries Additional Predictive Modules

Most predictive techniques to examine Dycom price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Dycom using various technical indicators. When you analyze Dycom charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Dycom Industries Predictive Indicators

The successful prediction of Dycom Industries stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Dycom Industries, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Dycom Industries based on analysis of Dycom Industries hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Dycom Industries's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Dycom Industries's related companies.
 2010 2020 2023 (projected)
Long Term Debt to Equity0.970.930.67
Interest Coverage2.325.183.35

Story Coverage note for Dycom Industries

The number of cover stories for Dycom Industries depends on current market conditions and Dycom Industries' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Dycom Industries is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Dycom Industries' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Dycom Industries Short Properties

Dycom Industries' future price predictability will typically decrease when Dycom Industries' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Dycom Industries often depends not only on the future outlook of the potential Dycom Industries' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Dycom Industries' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding30 M
Cash And Short Term Investments224.2 M
Check out Dycom Industries Basic Forecasting Models to cross-verify your projections. For more information on how to buy Dycom Stock please use our How to Invest in Dycom Industries guide. You can also try Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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Is Dycom Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dycom Industries. If investors know Dycom will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dycom Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.662
Earnings Share
4.91
Revenue Per Share
134.915
Quarterly Revenue Growth
0.193
Return On Assets
0.0727
The market value of Dycom Industries is measured differently than its book value, which is the value of Dycom that is recorded on the company's balance sheet. Investors also form their own opinion of Dycom Industries' value that differs from its market value or its book value, called intrinsic value, which is Dycom Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dycom Industries' market value can be influenced by many factors that don't directly affect Dycom Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dycom Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dycom Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dycom Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. Check out Dycom Industries Basic Forecasting Models to cross-verify your projections. For more information on how to buy Dycom Stock please use our How to Invest in Dycom Industries guide.