CDW Corp (NASDAQ: CDW)’s stock price has gone decline by -2.26 in comparison to its previous close of 178.07, however, the company has experienced a -9.31% decrease in its stock price over the last five trading days. businesswire.com reported 2024-11-19 that TORONTO–(BUSINESS WIRE)–Today, CDW Canada, a leading provider of technology solutions and services for Canadian organizations, released new research exploring how Generative Artificial Intelligence (GenAI) is reshaping Canadian workplaces. Uncharted Innovation: The Rise of Unofficial AI Tool Usage Among Canadian Office Workers report contains research conducted among members of the Angus Reid Forum, including 1,000 office workers across businesses of varying sizes and industries throughout Ca.
Is It Worth Investing in CDW Corp (NASDAQ: CDW) Right Now?
The price-to-earnings ratio for CDW Corp (NASDAQ: CDW) is above average at 21.26x. The 36-month beta value for CDW is also noteworthy at 1.04. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 5 rating it as “overweight,” 5 rating it as “hold,” and 1 rating it as “sell.”
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The public float for CDW is 132.74M, and at present, short sellers hold a 2.84% of that float. The average trading volume of CDW on November 20, 2024 was 1.02M shares.
CDW’s Market Performance
CDW stock saw a decrease of -9.31% in the past week, with a monthly decline of -21.01% and a quarterly a decrease of -22.62%. The volatility ratio for the week is 2.83%, and the volatility levels for the last 30 days are 2.49% for CDW Corp (CDW). The simple moving average for the past 20 days is -11.65% for CDW’s stock, with a -23.34% simple moving average for the past 200 days.
Analysts’ Opinion of CDW
Many brokerage firms have already submitted their reports for CDW stocks, with Redburn Atlantic repeating the rating for CDW by listing it as a “Buy.” The predicted price for CDW in the upcoming period, according to Redburn Atlantic is $230 based on the research report published on November 15, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see CDW reach a price target of $235, previously predicting the price at $260. The rating they have provided for CDW stocks is “Neutral” according to the report published on October 28th, 2024.
Citigroup gave a rating of “Neutral” to CDW, setting the target price at $245 in the report published on October 01st of the current year.
CDW Trading at -17.87% from the 50-Day Moving Average
After a stumble in the market that brought CDW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.91% of loss for the given period.
Volatility was left at 2.49%, however, over the last 30 days, the volatility rate increased by 2.83%, as shares sank -19.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.37% lower at present.
During the last 5 trading sessions, CDW fell by -9.31%, which changed the moving average for the period of 200-days by -24.57% in comparison to the 20-day moving average, which settled at $196.99. In addition, CDW Corp saw -23.43% 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 CDW starting from LEAHY CHRISTINE A, who purchase 1,200 shares at the price of $216.15 back on Aug 01 ’24. After this action, LEAHY CHRISTINE A now owns 102,200 shares of CDW Corp, valued at $259,380 using the latest closing price.
MIRALLES ALBERT JOSEPH JR, the of CDW Corp, purchase 1,050 shares at $216.62 during a trade that took place back on Aug 01 ’24, which means that MIRALLES ALBERT JOSEPH JR is holding 16,876 shares at $227,449 based on the most recent closing price.
Stock Fundamentals for CDW
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.22 for the gross margin
The net margin for CDW Corp stands at 0.05. The total capital return value is set at 0.19. Equity return is now at value 53.36, with 8.14 for asset returns.
Based on CDW Corp (CDW), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 2.57. The interest coverage ratio of the stock is 7.95.
Currently, EBITDA for the company is 1.95 billion with net debt to EBITDA at 2.72. When we switch over and look at the enterprise to sales, we see a ratio of 1.37. The receivables turnover for the company is 4.26for trailing twelve months and the total asset turnover is 1.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.40.
Conclusion
In summary, CDW Corp (CDW) has had a bad performance as of late. Analysts have bullish 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.
