CDW Corp (NASDAQ: CDW)’s stock price has decreased by -1.35 compared to its previous closing price of 240.01. However, the company has seen a -4.25% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-22 that Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Is It Worth Investing in CDW Corp (NASDAQ: CDW) Right Now?
The price-to-earnings ratio for CDW Corp (NASDAQ: CDW) is 29.21x, which is above its average ratio. Moreover, the 36-month beta value for CDW is 1.09. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 5 as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for CDW is 133.80M and currently, short sellers hold a 2.27% of that float. On April 18, 2024, CDW’s average trading volume was 683.74K shares.
CDW’s Market Performance
CDW’s stock has seen a -4.25% decrease for the week, with a -3.36% drop in the past month and a 8.08% gain in the past quarter. The volatility ratio for the week is 2.04%, and the volatility levels for the past 30 days are at 1.65% for CDW Corp The simple moving average for the past 20 days is -5.80% for CDW’s stock, with a 8.67% simple moving average for the past 200 days.
Analysts’ Opinion of CDW
Many brokerage firms have already submitted their reports for CDW stocks, with Morgan Stanley repeating the rating for CDW by listing it as a “Equal-Weight.” The predicted price for CDW in the upcoming period, according to Morgan Stanley is $216 based on the research report published on December 12, 2023 of the previous year 2023.
UBS, on the other hand, stated in their research note that they expect to see CDW reach a price target of $237. The rating they have provided for CDW stocks is “Buy” according to the report published on October 03rd, 2023.
Barclays gave a rating of “Equal Weight” to CDW, setting the target price at $198 in the report published on July 18th of the previous year.
CDW Trading at -4.09% from the 50-Day Moving Average
After a stumble in the market that brought CDW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.10% of loss for the given period.
Volatility was left at 1.65%, however, over the last 30 days, the volatility rate increased by 2.04%, as shares sank -4.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.62% upper at present.
During the last 5 trading sessions, CDW fell by -4.25%, which changed the moving average for the period of 200-days by +29.04% in comparison to the 20-day moving average, which settled at $250.80. In addition, CDW Corp saw 4.16% 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 CDW starting from CORLEY CHRISTINA M, who sale 34,079 shares at the price of $220.94 back on Dec 14 ’23. After this action, CORLEY CHRISTINA M now owns 62,536 shares of CDW Corp, valued at $7,529,302 using the latest closing price.
CORLEY CHRISTINA M, the of CDW Corp, sale 700 shares at $220.01 during a trade that took place back on Dec 13 ’23, which means that CORLEY CHRISTINA M is holding 62,536 shares at $154,007 based on the most recent closing price.
Stock Fundamentals for CDW
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.22 for the gross margin
The net margin for CDW Corp stands at 0.05. The total capital return value is set at 0.21. Equity return is now at value 60.58, with 8.36 for asset returns.
Based on CDW Corp (CDW), the company’s capital structure generated 0.73 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 2.76. The interest coverage ratio of the stock is 7.1.
Currently, EBITDA for the company is 1.95 billion with net debt to EBITDA at 2.99. When we switch over and look at the enterprise to sales, we see a ratio of 1.73. The receivables turnover for the company is 4.24for trailing twelve months and the total asset turnover is 1.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.
Conclusion
To wrap up, the performance of CDW Corp (CDW) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
