Lowe’s Companies Inc. (NYSE:LOW) finished Wednesday with a subtraction of -$2.05 to close at $188.36, a downside of -1.08 percent. An average of 4,685,020 shares of common stock have been traded in the last five days. There was a fall of -$4.03 in the past week, and it reached a new high 25 times over the past 12 months. The last 20 days have seen an average of 3,847,405 shares traded, while the 50-day average volume stands at 3,711,688.
LOW stock has decreased by -10.30% in the last month. The company shares reached their 1-month lowest point of $188.32 on 09/21/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $170.12 and a high of $263.31 in 52 weeks. It has reached a new high 2 times so far this year and lost -27.13% or -$70.12 in price. In spite of this, the price is down -28.46% from the 52-week high.
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34 days have passed since Lowe’s Companies Inc. (LOW) last reported insider trading activity. Godbole Seemantini, who is EVP, Chief Information Officer, most recently acquired $11,761 shares at $214.37 per share on Aug 19. In this transaction, the insider spent $2,521,171. EVP, Merchandising, Boltz William P, disposed of 98,632 shares at a price of $213.34 on Aug 19. The insider now owns more than $21,042,235 worth of shares.
Lowe’s Companies Inc. (LOW) has a trailing price-to-earnings (P/E) ratio of 14.85. The stock’s beta is 1.21. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.22, and the price-to-cash flow ratio at 21.79.
The company has a payout ratio of 18.90%. The company’s most recent quarterly dividend payment was $1.05 a share, without any change from last year. Its latest increase dividend $0.25 reported on Friday May 27 2022.
The quick ratio of Lowe’s Companies Inc. for the three months ended July 30 was 0.20, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $32.06 billion compared to revenue of $96.25 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Lowe’s Companies Inc.’s return on assets was 17.60%.
For the three-month period that ended July 30, Lowe’s Companies Inc. had $450.0 million in cash and short-term investments compared to $28.76 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.99 billion in the quarter, while revenues of $2.33 billion were shrunk -0.87%. The analyst consensus anticipated Lowe’s Companies Inc.’s latest quarter earnings to come in at $4.58 per share, but it turned out to be $4.67, a 2.00% surprise. For the quarter, EBITDA amounted to $4.73 billion. Shareholders own equity worth $620.7 million.
From a technical analysis perspective, let’s take a brief look at Lowe’s Companies Inc. (LOW) price momentum. RSI 9-day as of the close on 21 September was 34.56%, suggesting the stock is Neutral, with historical volatility in this time frame at 49.28%.
As of today, LOW’s price is $191.34 -2.09% or -$4.03 from its 5-day moving average. LOW is currently trading -9.21% lower than its 20-day SMA and -8.18% lower than its 100-day SMA. However, the stock’s current price level is +4.07% above the SMA50 and -24.26% below the SMA200.
The stochastic %K and %D were 13.09% and 15.91%, respectively, and the average true range (ATR) was 5.83. With the 14-day stochastic at 0.19% and the average true range at 5.78, the RSI (14) stands at 39.18%. The stock has reached -3.69 on the 9-day MACD Oscillator while the 14-day reading was at -4.76.
Wedbush reiterated its a Neutral rating on Lowe’s Companies Inc. (NYSE: LOW), but raised their price target to $200, indicating a potential price increase of 5.82% for the stock.
What is LOW’s price target for the next 12 months?
Analysts predict a range of price targets between $202.30 and $300.00, with a median target of $244.50. Taking a look at these predictions, the average price target given by analysts for Lowe’s Companies Inc. (LOW) stock is $246.47.