Dnow Inc (NYSE: DNOW)’s stock price has dropped by -0.84 in relation to previous closing price of 11.97. Nevertheless, the company has seen a loss of -6.09% in its stock price over the last five trading days. zacks.com reported 2024-10-11 that ALLY, CAR and DNOW have been added to the Zacks Rank #5 (Strong Sell) List on October 11, 2024.
Is It Worth Investing in Dnow Inc (NYSE: DNOW) Right Now?
The price-to-earnings ratio for Dnow Inc (NYSE: DNOW) is above average at 5.71x. The 36-month beta value for DNOW is also noteworthy at 1.44. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
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The public float for DNOW is 104.35M, and at present, short sellers hold a 3.39% of that float. The average trading volume of DNOW on October 24, 2024 was 775.09K shares.
DNOW’s Market Performance
DNOW’s stock has seen a -6.09% decrease for the week, with a -5.12% drop in the past month and a -21.44% fall in the past quarter. The volatility ratio for the week is 2.55%, and the volatility levels for the past 30 days are at 2.22% for Dnow Inc The simple moving average for the last 20 days is -5.23% for DNOW’s stock, with a simple moving average of -10.05% for the last 200 days.
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 -5.42% 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 -24.13% of loss for the given period.
Volatility was left at 2.22%, however, over the last 30 days, the volatility rate increased by 2.55%, as shares sank -4.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.05% lower at present.
During the last 5 trading sessions, DNOW fell by -6.25%, which changed the moving average for the period of 200-days by +17.91% in comparison to the 20-day moving average, which settled at $12.52. In addition, Dnow Inc saw 4.86% 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 Surratt Fanny R., who sale 3,500 shares at the price of $12.66 back on Aug 12 ’24. After this action, Surratt Fanny R. now owns 43,648 shares of Dnow Inc, valued at $44,310 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 22.65, with 14.95 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 4.8. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -140.0.
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 0.47. The receivables turnover for the company is 5.8for trailing twelve months and the total asset turnover is 1.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.48.
Conclusion
In summary, Dnow Inc (DNOW) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
