LPG Should I Buy
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Dorian LPG Ltd (LPG) is not a strong buy at this moment for a beginner investor with a long-term focus. While the company has shown strong financial growth in the latest quarter, the lack of positive trading signals, insider selling, and neutral technical indicators suggest that waiting for a better entry point may be prudent. The stock's pre-market price of $35.1 is below the pivot level of $36.297, and there are no immediate catalysts to drive significant upward momentum.
The MACD is negative and expanding, indicating bearish momentum. RSI is neutral at 47.184, showing no clear overbought or oversold conditions. Moving averages are bullish (SMA_5 > SMA_20 > SMA_200), but the stock is trading below the pivot level of $36.297, with key support at $34.731 and resistance at $37.864.
The company reported strong financial growth in Q3 2026, with revenue up 48.72% YoY, net income up 120.90% YoY, and EPS up 122.00% YoY. Gross margin also improved to 68.28%.
Insiders have been selling heavily, with a 119.07% increase in selling activity over the last month. Additionally, there is no recent news or significant event-driven catalysts to support a strong upward move. The stock has a 60% chance of declining by 0.31% in the next day and 2.52% in the next month.
In Q3 2026, the company achieved significant growth: Revenue increased to $119,964,287 (up 48.72% YoY), net income rose to $47,188,898 (up 120.90% YoY), EPS grew to 1.11 (up 122.00% YoY), and gross margin improved to 68.28% (up 6.67% YoY).
Pareto recently upgraded Dorian LPG to 'Buy' from 'Hold' with a $31 price target. However, the current pre-market price of $35.1 is already above this target, suggesting limited upside potential.
