Dnow Inc (NYSE: DNOW) has a higher price-to-earnings ratio of 7.74x compared to its average ratio. DNOW has 36-month beta value of 1.49. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for DNOW is 103.74M, and currently, short sellers hold a 2.96% ratio of that float. The average trading volume of DNOW on November 15, 2024 was 780.17K shares.
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DNOW) stock’s latest price update
Dnow Inc (NYSE: DNOW)’s stock price has plunge by -1.82relation to previous closing price of 14.86. Nevertheless, the company has seen a 6.19% surge in its stock price over the last five trading sessions. zacks.com reported 2024-11-11 that Review DNOW’s (DNOW) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.
DNOW’s Market Performance
DNOW’s stock has risen by 6.19% in the past week, with a monthly rise of 17.00% and a quarterly rise of 15.06%. The volatility ratio for the week is 4.06% while the volatility levels for the last 30 days are 3.60% for Dnow Inc The simple moving average for the past 20 days is 13.90% for DNOW’s stock, with a 8.67% simple moving average for the past 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 15.33% 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 -6.74% of loss for the given period.
Volatility was left at 3.60%, however, over the last 30 days, the volatility rate increased by 4.06%, as shares surge +15.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.08% upper at present.
During the last 5 trading sessions, DNOW rose by +6.19%, which changed the moving average for the period of 200-days by +44.60% in comparison to the 20-day moving average, which settled at $12.81. In addition, Dnow Inc saw 28.89% 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:
- 0.05 for the present operating margin
- 0.23 for the gross margin
The net margin for Dnow Inc stands at 0.09. The total capital return value is set at 0.11. Equity return is now at value 20.02, with 13.63 for asset returns.
Based on Dnow Inc (DNOW), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 9.06. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -126.0.
Currently, EBITDA for the company is 166.0 million with net debt to EBITDA at -1.62. When we switch over and look at the enterprise to sales, we see a ratio of 0.56. The receivables turnover for the company is 5.82for trailing twelve months and the total asset turnover is 1.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.54.
Conclusion
To put it simply, Dnow Inc (DNOW) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
