The stock of Lowe’s Cos., Inc. (NYSE: LOW) has increased by 1.43 when compared to last closing price of 262.29. Despite this, the company has experienced a 3.63% gain in its stock price over the last five trading sessions. barrons.com reported 2024-09-24 that There could be better times in the long run for Lowe’s and Home Depot, after a long sales slump.
Is It Worth Investing in Lowe’s Cos., Inc. (NYSE: LOW) Right Now?
The price-to-earnings ratio for Lowe’s Cos., Inc. (NYSE: LOW) is above average at 22.05x. The 36-month beta value for LOW is also noteworthy at 1.09. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 8 rating it as “overweight,” 13 rating it as “hold,” and 0 rating it as “sell.”
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The public float for LOW is 566.67M, and at present, short sellers hold a 1.24% of that float. The average trading volume of LOW on September 25, 2024 was 2.57M shares.
LOW’s Market Performance
LOW stock saw an increase of 3.63% in the past week, with a monthly gain of 6.39% and a quarterly increase of 22.46%. The volatility ratio for the week is 1.67%, and the volatility levels for the last 30 days are 1.74% for Lowe’s Cos., Inc. (LOW). The simple moving average for the past 20 days is 5.94% for LOW’s stock, with a 14.98% simple moving average for the past 200 days.
Analysts’ Opinion of LOW
Gordon Haskett, on the other hand, stated in their research note that they expect to see LOW reach a price target of $245. The rating they have provided for LOW stocks is “Hold” according to the report published on April 03rd, 2024.
DA Davidson gave a rating of “Neutral” to LOW, setting the target price at $270 in the report published on March 27th of the current year.
LOW Trading at 9.10% from the 50-Day Moving Average
After a stumble in the market that brought LOW to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 1.35% of gains for the given period.
Volatility was left at 1.74%, however, over the last 30 days, the volatility rate increased by 1.67%, as shares surge +6.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.59% upper at present.
During the last 5 trading sessions, LOW rose by +3.63%, which changed the moving average for the period of 200-days by +27.47% in comparison to the 20-day moving average, which settled at $251.90. In addition, Lowe’s Cos., Inc. saw 19.54% 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 LOW starting from Griggs Dan Clayton Jr, who sale 6,769 shares at the price of $248.82 back on Sep 12 ’24. After this action, Griggs Dan Clayton Jr now owns 9,383 shares of Lowe’s Cos., Inc., valued at $1,684,271 using the latest closing price.
Griggs Dan Clayton Jr, the Officer of Lowe’s Cos., Inc., proposed sale 6,769 shares at $248.82 during a trade that took place back on Sep 12 ’24, which means that Griggs Dan Clayton Jr is holding shares at $1,684,271 based on the most recent closing price.
Stock Fundamentals for LOW
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.32 for the gross margin
The net margin for Lowe’s Cos., Inc. stands at 0.08. The total capital return value is set at 0.4.
Based on Lowe’s Cos., Inc. (LOW), the company’s capital structure generated 1.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at -2.65. The interest coverage ratio of the stock is 7.11.
Currently, EBITDA for the company is 13.46 billion with net debt to EBITDA at 2.87. When we switch over and look at the enterprise to sales, we see a ratio of 2.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.22.
Conclusion
In summary, Lowe’s Cos., Inc. (LOW) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
