The stock of Dnow Inc (DNOW) has gone up by 0.40% for the week, with a 2.88% rise in the past month and a 47.68% rise in the past quarter. The volatility ratio for the week is 2.27%, and the volatility levels for the past 30 days are 2.36% for DNOW. The simple moving average for the past 20 days is 0.50% for DNOW’s stock, with a 30.20% simple moving average for the past 200 days.
Is It Worth Investing in Dnow Inc (NYSE: DNOW) Right Now?
Dnow Inc (NYSE: DNOW) has a price-to-earnings ratio that is above its average at 6.65x. The stock has a 36-month beta value of 1.48. Opinions on the stock are mixed, 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 at present, short sellers hold a 2.88% of that float. On April 12, 2024, the average trading volume of DNOW was 1.23M shares.
DNOW) stock’s latest price update
Dnow Inc (NYSE: DNOW) has experienced a decline in its stock price by -0.73 compared to its previous closing price of 15.10. However, the company has seen a gain of 0.40% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-11 that Here is how DNOW (DNOW) and Encore Wire (WIRE) have performed compared to their sector so far this year.
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 12.79% 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 -3.76% of loss for the given period.
Volatility was left at 2.36%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares surge +1.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +45.11% upper at present.
During the last 5 trading sessions, DNOW rose by +0.40%, which changed the moving average for the period of 200-days by +48.71% in comparison to the 20-day moving average, which settled at $14.93. In addition, Dnow Inc saw 32.42% 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 0.58. 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
To sum up, Dnow Inc (DNOW) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
