In the past week, DNOW stock has gone up by 0.37%, with a monthly decline of -3.97% and a quarterly plunge of -10.16%. The volatility ratio for the week is 2.42%, and the volatility levels for the last 30 days are 2.43% for Dnow Inc The simple moving average for the last 20 days is 0.21% for DNOW’s stock, with a simple moving average of 9.17% for the last 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 6.23x. The stock has a 36-month beta value of 1.45. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 2 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for DNOW is 104.68M, and at present, short sellers hold a 3.20% of that float. On July 04, 2024, the average trading volume of DNOW was 847.61K shares.
DNOW) stock’s latest price update
Dnow Inc (NYSE: DNOW)’s stock price has soared by 1.88 in relation to previous closing price of 13.28. Nevertheless, the company has seen a gain of 0.37% in its stock price over the last five trading days. zacks.com reported 2024-06-28 that AGRO, ODP and HHS made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 28, 2024.
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 -3.13% 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 -13.13% of loss for the given period.
Volatility was left at 2.43%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares sank -0.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.88% lower at present.
During the last 5 trading sessions, DNOW rose by +0.37%, which changed the moving average for the period of 200-days by +17.35% in comparison to the 20-day moving average, which settled at $13.50. In addition, Dnow Inc saw 19.52% 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 DNOW starting from Cherechinsky David A, who sale 123,881 shares at the price of $13.57 back on May 14 ’24. After this action, Cherechinsky David A now owns 775,559 shares of Dnow Inc, valued at $1,681,065 using the latest closing price.
Chang Raymond W, the VP and General Counsel of Dnow Inc, sale 93,284 shares at $13.51 during a trade that took place back on May 14 ’24, which means that Chang Raymond W is holding 283,837 shares at $1,260,267 based on the most recent closing price.
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 0.1. The total capital return value is set at 0.12. Equity return is now at value 24.31, with 15.94 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 6.11. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -138.0.
Currently, EBITDA for the company is 174.0 million with net debt to EBITDA at -0.94. When we switch over and look at the enterprise to sales, we see a ratio of 0.57. The receivables turnover for the company is 5.61for trailing twelve months and the total asset turnover is 1.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.26.
Conclusion
To sum up, Dnow Inc (DNOW) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
