The stock of Dow Inc (NYSE: DOW) has increased by 0.64 when compared to last closing price of 51.71. Despite this, the company has experienced a 2.72% gain in its stock price over the last five trading sessions. benzinga.com reported 2024-09-23 that U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 50 points on Monday.
Is It Worth Investing in Dow Inc (NYSE: DOW) Right Now?
The price-to-earnings ratio for Dow Inc (NYSE: DOW) is above average at 32.21x, Company’s 36-month beta value is 1.21.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 20 as “hold,” and 0 as “sell.”
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The public float for DOW is 699.45M, and currently, short sellers hold a 1.83% ratio of that floaft. The average trading volume of DOW on September 24, 2024 was 4.27M shares.
DOW’s Market Performance
The stock of Dow Inc (DOW) has seen a 2.72% increase in the past week, with a -0.99% drop in the past month, and a -4.72% fall in the past quarter. The volatility ratio for the week is 2.02%, and the volatility levels for the past 30 days are at 1.92% for DOW. The simple moving average for the last 20 days is 0.13% for DOW stock, with a simple moving average of -5.28% for the last 200 days.
Analysts’ Opinion of DOW
Many brokerage firms have already submitted their reports for DOW stocks, with JP Morgan repeating the rating for DOW by listing it as a “Overweight.” The predicted price for DOW in the upcoming period, according to JP Morgan is $61 based on the research report published on April 26, 2024 of the current year 2024.
BofA Securities gave a rating of “Buy” to DOW, setting the target price at $60 in the report published on January 16th of the current year.
DOW Trading at -1.31% 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 -14.25% of loss for the given period.
Volatility was left at 1.92%, however, over the last 30 days, the volatility rate increased by 2.02%, as shares sank -2.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.64% lower at present.
During the last 5 trading sessions, DOW rose by +2.72%, which changed the moving average for the period of 200-days by +1.76% in comparison to the 20-day moving average, which settled at $51.90. In addition, Dow Inc saw -5.11% in overturn over a single year, with a tendency to cut further losses.
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.
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 0.03. The total capital return value is set at 0.07. Equity return is now at value 5.96, with 1.95 for asset returns.
Based on Dow Inc (DOW), the company’s capital structure generated 0.48 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 0.91. The interest coverage ratio of the stock is 4.11.
Currently, EBITDA for the company is 4.79 billion with net debt to EBITDA at 3.12. When we switch over and look at the enterprise to sales, we see a ratio of 1.18. The receivables turnover for the company is 6.08for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.75.
Conclusion
In a nutshell, Dow Inc (DOW) has experienced a mixed performance in recent times. The stock has received mixed “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.
