Dollar General Stock Crashes to 6-Year Lows! 📉 What Went Wrong? ✨

[Music] is it time to buy or sell Dollar General stock in this video we are diving deep into Dollar General our initial report was published on our website on Thursday the 29th of August 2024 and now we are here to provide you with an even more detailed analysis remember to subscribe subcribe hit the like button and turn on the notification Bell to stay updated on our latest analysis you do not want to miss any crucial updates that could impact your Investments enhance your trading Decisions by trying our newly launched AI stock analysis tool powered by gp4 at stockinvest.us tap into the power of AI and receive free Price predictions and indepth Analysis for any one among 25,000 companies worldwide today please note that this video is for informational purposes only and should not be considered as Financial advice since the 29th of August 2024 our system has classified Dollar General as a sell candidate assigning at a score of - 4.66 now let's examine the Stock's performance during this time frame we will continue to monitor this evaluation to observe its progression in the upcoming days the current 3-month Trend indicates a likely change of 11.31% over the next 3 months with a potential return ranging from 11.31% to 31.10 per regarding the 12-month Trend it suggests a change of 7.24% over the coming year with a possible return between 42. 57% and 112 48% this translates to a price range from $19.80 to $785 after one year our latest daily update for Dollar General includes the headline High volatility in Dollar General Corporation stock price on Thursday which ended trading at $843 the Dollar General Corporation stock price fell by 32.5% on the last trading day which was Thursday the 29th of August 2024 dropping from $23.84 to $843 during this trading day the stock fluctuated by 15.48% ranging from a day low of $84 to a day high of $97 the price has experienced considerable ups and downs during this period period resulting in a 30. 29% loss over the last 2 weeks the trading volume increased on the last day by 37 million shares albeit amidst falling prices this may serve as an early warning indicating that risk could slightly increase over the next few days in total 40 million shares were traded amounting to approximately 338 billion over the past 52 weeks the highest stock price recorded was $68.7 while the lowest was $84 currently the stock price stands at % or $844 below the 52- we high and 67.9% or $ 17818 below the all-time high reached on the 21st of April 2022 when the price soared to $262.29 Dollar General's stock has faced a significant decline dropping more than 30% following disappointing earnings and a revised sales Outlook the company's recent performance underscores formidable challenges especially among low-income consumers struggling with Rising inflation and high interest rates sales growth has notably slowed with same store sales decreasing to just half a percent in the latest quarter down from 2.4% % previously analysts point out that the competitive Retail Landscape particularly from major players such as Walmart and ALDI is exerting additional pressure on Dollar General's market share to attract customers back into stores the company may need to consider implementing price reductions and increased promotions which could further strain profit margins despite these challenges some analysts perceive the recent decline as a potential buying opportunity forecasting a return to 6.3% revenue growth for fiscal year 2024 with expectations of 9% growth by fiscal year 2025 dependent on possible interest rate reductions in the short term the stock is likely to remain volatile as investors respond to broader economic conditions impacting their Target demographic in the long term if Dollar General can effectively optimize its supply chain and adapt to the current consumer landscape it may stabilize and potentially recover presenting a more favorable outlook for investors analyst ratings on Monday the 26th of August 2024 it was reported that Oppenheimer assigned DG a perform rating with a hold recommendation on Tuesday the 13th of August 2024 it was reported that Wells Fargo assigned DG a market perform rating with a hold recommendation on Tuesday the 13th of August 2024 it was reported that telsey advisory assigned DG an underperform rating with a hold recommendation on Tuesday the 13th of August 2024 it was reported that Cleveland research assigned DG a neutral rating with a downgrade recommendation on Monday the 15th of July 20124 it was reported that Wells Fargo assigned DG a market perform rating with a hold recommend Commendation analysts have assigned a general neutral rating to Dollar General stock they evaluate the price to earnings ratio as a strong sell and the price to book ratio as strong sell regarding return on investment the analysts also provide a neutral rating for the stock the following signals have been identified for Dollar General currently there are few to no positive technical signals the Dollar General Corporation stock is showing sell signals from both short and long-term moving averages indicating a negative outlook for the stock additionally a General sell signal is present as the long-term average is positioned above the short-term average in the event of upward Corrections resistance may be encountered at levels of $118 and 27 and $120 51 a breakout above either of these levels would generate buy signals a sell signal was triggered from a pivot top point on Monday the 3rd of June 2024 and to date the stock has declined by which may serve as an early warning suggesting that the stock warrants closer monitoring here are some other signals you might find interesting moving average convergence divergence cell signal pivots cell signal 62 days ago Ballinger Buy Signal 1 day ago short-term moving average sell signal 2 days ago long-term moving average sell signal 2 days ago the relation between the short and the long moving averages by Buy Signal 2 days ago if we look at the 12month chart we see short moving average sell signal 2 days ago the long-term moving average Buy Signal 68 days ago the relation between the short and the long moving averages Buy Signal 79 days ago remember to visit our page at stockinvest.us if you want to find more signals support risk and stop-loss for Dollar General currently there is no support support from accumulated volume below today's level if conditions are unfavorable the stock may experience significant declines in the coming days typically this stock trades at a healthy volume and with only minor daily fluctuations the associated risk is deemed low over the last day the stock fluctuated by $13 or 15.48% between its high and low points for the past week the average daily volatility of the stock has been 4.33% before we dive into the potential trading levels for Dollar General let's quickly cover some essential fundamental data first let's discuss the price to earnings ratio commonly known as the PE Ratio this important ratio measures a company's current share price in relation to its earnings per share a relatively low PE ratio might indicate either a lack of expectation for the company's future performance or that the stock is undervalued suggesting a possible buying opportunity in other news the next earnings report for the third quarter of 2024 is anticipated on the 29th of August 2024 analysts have consensus estimates set at $1.79 it is important to monitor these figures as they can significantly influence stock prices now let's discuss some potential day trading levels for Dollar General there is no significant resistance from accumulated volume above which indicates that the stock could move upward swiftly under the right conditions in this scenario you might consider entering a position and using volume as a guide for when to exit conversely there is no significant support from accumulated volume below suggesting that the stock could potentially drop sharply under certain circumstances exercise caution and think carefully before placing any bets especially if you are not an experienced Trader familiar with navigating such situations the combined average rating for Dollar General from multiple analyst sources is neutral now let's examine some recent Insider trades on the 27th of August 2024 Scarlet Kathleen conducted an Insider buy of 1,546 shares of common stock on the 12th of August 2024 Scarlet Kathleen conducted an Insider buy of zero shares on the 30th of May 2024 Santana Ralph conducted an Insider sell of 955 shares of common stock on the 30th of May 2024 Maguire Timothy first conducted an Insider cell of 955 shares of common stock on the 30th of May 2024 filic crushell Patricia conducted an Insider cell of 955 shares of common stock based on the 100 most recent Insider trades we have calculated The Insider power to be positive with a ratio of 75.5 53 overall insiders purchased 663 621 shares and sold 10,322 shares in the last 100 trades we currently hold a negative evalu ation for this stock and a stop loss has not been established is Dollar General stock a good buy the Dollar General Corporation presents several negative indicators and is currently experiencing a broad declining Trend as a result we anticipate that its performance will remain weak in the coming days or weeks consequently we have a negative outlook on this stock due to minor weaknesses observed in the technical analysis we have adjusted our evaluation from a hold or accumulate to a sell recommendation since our last assessment after examining the volatility and movements from the most recent trading day our systems indicate that the current price is undervalued for trading on Friday the 30th of August we expect Dollar General to open at $44.31 and begin trading at $88.39 we want to remind you that trading carries a significant risk of losing money it is advisable to consult with a financial adviser before making any decisions regarding the purchase or sale of Securities your investment choices should not be based solely on the information provided by stockinvest.us by utilizing this information you acknowledge and accept responsibility for your own investment decisions this is our current view of the stock do you agree or disagree please share your thoughts in the comments below what is your target for the stock remember to like And subscribe we wish you successful trading and hope you have a wonderful day with warm regards from all of us here at stock invest