Dnow Inc (DNOW) Stock: A Closer Look at the Market Potential

The price-to-earnings ratio for Dnow Inc (NYSE: DNOW) is above average at 6.68x, Company’s 36-month beta value is 1.48.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 9 as “hold,” and 0 as “sell.”

The public float for DNOW is 104.02M, and currently, short sellers hold a 3.40% ratio of that floaft. The average trading volume of DNOW on April 04, 2024 was 1.22M shares.

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DNOW) stock’s latest price update

Dnow Inc (NYSE: DNOW) has seen a rise in its stock price by 0.33 in relation to its previous close of 15.01. However, the company has experienced a 0.33% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-03 that Manufacturing activity increased in March to its highest level in one-and-a-half years, making Hubbell Inc (HUBB), A. O. Smith Corp (AOS), Eaton Corporation plc (ETN), Applied Industrial Technologies, Inc. (AIT) and DNOW Inc. (DNOW) solid stocks to buy.

DNOW’s Market Performance

DNOW’s stock has risen by 0.33% in the past week, with a monthly rise of 6.73% and a quarterly rise of 35.31%. The volatility ratio for the week is 2.03% while the volatility levels for the last 30 days are 2.34% for Dnow Inc The simple moving average for the last 20 days is 2.11% for DNOW stock, with a simple moving average of 32.55% for the last 200 days.

Analysts’ Opinion of DNOW

Many brokerage firms have already submitted their reports for DNOW stocks, with The Benchmark Company repeating the rating for DNOW by listing it as a “Buy.” The predicted price for DNOW in the upcoming period, according to The Benchmark Company is $13 based on the research report published on July 08, 2022 of the previous year 2022.

Stephens, on the other hand, stated in their research note that they expect to see DNOW reach a price target of $12. The rating they have provided for DNOW stocks is “Overweight” according to the report published on November 04th, 2021.

Stifel gave a rating of “Buy” to DNOW, setting the target price at $12 in the report published on July 16th of the previous year.

DNOW Trading at 18.80% from the 50-Day Moving Average

After a stumble in the market that brought DNOW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.74% of loss for the given period.

Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares surge +5.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +52.89% upper at present.

During the last 5 trading sessions, DNOW rose by +0.33%, which changed the moving average for the period of 200-days by +49.85% in comparison to the 20-day moving average, which settled at $14.79. In addition, Dnow Inc saw 33.04% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for DNOW

Current profitability levels for the company are sitting at:

  • 0.06 for the present operating margin
  • 0.23 for the gross margin

The net margin for Dnow Inc stands at 0.11. The total capital return value is set at 0.13. Equity return is now at value 25.55, with 17.06 for asset returns.

Based on Dnow Inc (DNOW), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 3.92. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 142.0.

Currently, EBITDA for the company is 174.0 million with net debt to EBITDA at -1.58. When we switch over and look at the enterprise to sales, we see a ratio of 0.59. The receivables turnover for the company is 6.04for trailing twelve months and the total asset turnover is 1.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.56.

Conclusion

In a nutshell, Dnow Inc (DNOW) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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