Dallah Health's stock reverses its trend after recording the highest pace of increase in 10 weeks

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Dallah Health Services Company shares recorded an increase at the beginning of trading on Monday, the largest pace of increase in 10 weeks, reaching the highest level of the session at $21.85 (81.95 riyals), the highest level since last September 14, before it later reversed its trend and decreased marginally.

Trading volume on the stock was about three times its average trading value during the past 20 sessions.

Over the last five sessions, the stock rose by 1.3%, declined by 6.1% within a month, and fell by 37.6% since the beginning of this year.

Over a period of 52 weeks, the stock’s losses amounted to about 48%, compared to the decline of the Saudi main market index “TASI” by about 10.7% during the same period.

In terms of valuations, the book value multiple per share reached about 2.3 times, while the earnings multiple based on the profits of the past twelve months was about 22 times, compared to 15 times according to future profits. The stock trades with a dividend yield of about 2.09%.

14 research institutions are following Dallah Health shares, with seven recommendations to buy, six recommendations to hold, and one recommendation to sell. The target price for the stock is $26.6 (99.90 riyals), which indicates the possibility of an increase of about 27.5% compared to the last closing price.

Regarding the major shareholders, Dallah Al Baraka Holding Company owns a share of 47.37% of the company’s capital, while the share of the rest of the shareholders is 52.63%.