DORM Price Prediction Next Week
Analysis and Insights
To predict the stock price of Dorman Products (DORM) for the next trading week, we analyze both fundamental and technical factors.
Fundamental Analysis:
Insider Activity: Recent insider sales indicate negative sentiment. Jeffery Darby, SVP, sold 1,534 shares, representing 8.9% of his holdings. Over the past six months, there have been 69 insider sales with no purchases, suggesting a lack of confidence among insiders.
Institutional Movements: While 171 institutional investors increased their positions, 151 reduced theirs, indicating mixed sentiment. This balance could lead to short-term volatility.
Analyst Ratings: Roth MKM maintains a Buy rating with a price target of $153.00, and the consensus is Moderate Buy with a target of $153.00. However, insider activity may weigh on sentiment.
Technical Analysis:
Price Trends: The stock closed at $124.75 on March 10, 2025, with a slight decline of -0.13% during regular market hours.
Technical Indicators:
- RSI: 38.12 (6-period), 43.17 (12-period), and 43.76 (14-period), indicating the stock is oversold.
- MACD: The MACD line is slightly above the signal line, suggesting weak bullish momentum.
- Fibonacci Levels: Resistance at $133.84 and support at $123.65.
Price Projection: Based on Fibonacci levels and RSI, the stock may test the lower support level before rebounding.
Conclusion:
Given the mixed institutional sentiment, negative insider activity, and oversold RSI, DORM is expected to dip slightly before potentially rebounding. The stock is projected to reach $123.50 by the end of the next trading week.
Recommendation: Sell at current levels, as the stock is likely to test the lower support level before recovering.
DORM Similar Chart Price Prediction
The price of DORM is predicted to go up 1.15%, based on the high correlation periods with RAIL. The similarity of these two price pattern on the periods is 92.8%.
DORM
RAIL
Up: 1.15%Similarity: 92.8%
DORM Revenue Forecast
DORM EPS Forecast
DORM FAQs
What is DORM revenue forecast for next quarter？
What is DORM eps forecast for next quarter？
DORM Analyst's Forecast
Scott Stember
Roth MKM
Strong Buy
2024-11-04
Price Target
$126 → $153
Upside
+14.41%
Roth MKM analyst Scott Stember raised the firm's price target on Dorman Products to $153 from $126 and keeps a Buy rating on the shares, saying Roth MKM "remains highly constructive" on the stock following "blowout" Q3 earnings. With no signs of a slowdown in Light Duty demand, a near-bottoming in the Heavy Duty segment, and an elevated margin profile, the firm anticipates a continuation of significant earnings growth in Q4 and heading into FY25 , the analyst tells investors in a research note.
