The price-to-earnings ratio for Dow Inc (NYSE: DOW) is 70.43x, which is above its average ratio. Moreover, the 36-month beta value for DOW is 1.30. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for DOW is 701.86M and currently, short sellers hold a 1.98% of that float. On April 16, 2024, DOW’s average trading volume was 5.15M shares.
DOW) stock’s latest price update
The stock of Dow Inc (NYSE: DOW) has decreased by -0.64 when compared to last closing price of 57.69. Despite this, the company has experienced a -3.70% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-15 that DOW is good enough to make the Yield At a Reasonable Price dividend stock basket I am building. It is not toward the top of that list, so I am not weighting it heavily now. I do want a couple of basic materials names, and it fits that. A high yield and strong profitability grade are the key positives, but there are risks as outlined in this article. Hold rating is my net-net here.
DOW’s Market Performance
Dow Inc (DOW) has experienced a -3.70% fall in stock performance for the past week, with a 0.00% drop in the past month, and a 7.40% rise in the past quarter. The volatility ratio for the week is 1.92%, and the volatility levels for the past 30 days are at 1.71% for DOW. The simple moving average for the last 20 days is -1.71% for DOW stock, with a simple moving average of 6.91% for the last 200 days.
Analysts’ Opinion of DOW
BofA Securities, on the other hand, stated in their research note that they expect to see DOW reach a price target of $60, previously predicting the price at $57. The rating they have provided for DOW stocks is “Buy” according to the report published on January 16th, 2024.
Deutsche Bank gave a rating of “Hold” to DOW, setting the target price at $58 in the report published on January 10th of the current year.
DOW Trading at 1.22% from the 50-Day Moving Average
After a stumble in the market that brought DOW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.55% of loss for the given period.
Volatility was left at 1.71%, however, over the last 30 days, the volatility rate increased by 1.92%, as shares surge +0.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.06% upper at present.
During the last 5 trading sessions, DOW fell by -3.70%, which changed the moving average for the period of 200-days by +8.23% in comparison to the 20-day moving average, which settled at $58.33. In addition, Dow Inc saw 4.52% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DOW starting from DAVIS RICHARD K, who purchase 5,000 shares at the price of $51.09 back on Nov 16 ’23. After this action, DAVIS RICHARD K now owns 33,665 shares of Dow Inc, valued at $255,437 using the latest closing price.
Dial Debra L., the Director of Dow Inc, purchase 400 shares at $54.17 during a trade that took place back on Apr 28 ’23, which means that Dial Debra L. is holding 2,025 shares at $21,668 based on the most recent closing price.
Stock Fundamentals for DOW
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.11 for the gross margin
The net margin for Dow Inc stands at 0.01. The total capital return value is set at 0.07. Equity return is now at value 2.94, with 0.97 for asset returns.
Based on Dow Inc (DOW), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 0.88. The interest coverage ratio of the stock is 4.27.
Currently, EBITDA for the company is 4.79 billion with net debt to EBITDA at 2.91. When we switch over and look at the enterprise to sales, we see a ratio of 1.21. The receivables turnover for the company is 6.75for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.77.
Conclusion
To wrap up, the performance of Dow Inc (DOW) has been better in recent times. The stock has received a mixed of “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.
