As of Wednesday close, CDW Corporation’s (NASDAQ:CDW) stock was up $0.74, moving up 0.39 percent to $189.24. The average number of shares traded per day over the past five days has been 382,980 shares. 5 times new highs have been achieved over the past 5 days, with a $6.36 gain in that time frame. In the last twenty days, the average volume was 600,780, while in the previous 50 days, it was 625,208.
Since last month, CDW stock rose 12.27%. Shares of the company fell to $162.51 on 10/24/22, the lowest level in the past month. A 52-week high of $208.71 was reached on 01/04/22 after having rallying from a 52-week low of $147.91. Since the beginning of this year, CDW’s stock price has dropped by -7.59% or -$15.54, and marked a new high 2 times. However, the stock has declined by -9.33% since its 52-week high.
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CDW stock investors should be aware that CDW Corporation (CDW) stock had its last reported insider trading activity 202 days ago on May 06. MIRALLES ALBERT JOSEPH JR, the of the company, purchased of 1,475 shares for $169.90 on May 06. It resulted in a $250,602 investment by the insider. LEAHY CHRISTINE A added 2,900 shares at an average price of $169.36 on May 06. The insider now owns 50,131 shares following the transaction. On Feb 11, MIRALLES ALBERT JOSEPH JR bought 1,650 shares at $181.96 apiece. The transaction was valued at $300,234.
Right now, CDW Corporation (CDW) has a P/E ratio of about 24.88. The stock’s beta is 1.13. Besides these, the trailing price-to-sales (P/S) ratio of 1.06, the price-to-book (PB) ratio of 19.31, and the price-to-cash flow ratio of 30.09 may also be considered.
The latest dividend of $0.59 per share was paid out, which is 18.0% more than last year’s $0.50. On Wednesday November 2 2022, a $0.09 dividend increase was announced.
In the three months ended September 29, CDW Corporation’s quick ratio stood at 1.10, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 4.60, and the total debt-to-equity ratio was 4.64. On the profitability front, the trailing twelve-month gross margin is 18.80% percent. In the year ended September 29, operating margins totaled 6.80%. Based on annual data, CDW earned $3.57 billion in gross profit and brought in $20.82 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 15.10%. Return on equity (ROE) for the past 12 months was 103.50%.
In CDW Corporation’s quarter-end financial report for September 29, it reported total debt of $6.1 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CDW’s revenue rose 14.73% to $6.15 billion during the quarter, while net income inched up to $6.22 billion. While analysts expected CDW Corporation to report $2.52 quarterly earnings, the actual figure was $2.6 per share, beating the consensus estimate by 3.20%. During the quarter, the company generated $542.0 million in EBITDA. The liabilities of CDW Corporation were 12.15 billion at the end of its most recent quarter ended September 29, and its total debt was $6.82 billion. The value of shareholders’ equity is $135.39 million.
This quick technical analysis looks at CDW Corporation’s (CDW) price momentum. With a historical volatility rate of 15.72%, the RSI 9-day stood at 74.73% on 23 November.
With respect to its five-day moving average, the current CDW Corporation price is up by +3.48% percent or $6.36. At present, CDW shares trade +12.93% above its 20-day simple moving average and +19.96% percent above its 100-day simple moving average. However, the stock is currently trading approximately +10.00% above its SMA50 and -2.83% below its SMA200.
Stochastic coefficient K was 91.04% and Stochastic coefficient D was 87.04%, while ATR was 4.30. Given the Stochastic reading of 93.11% for the 14-day period, the RSI (14) reading has been calculated as 70.50%. As of today, the MACD Oscillator reading stands at 2.49, while the 14-day reading stands at 5.89.
Credit Suisse launched its rating on CDW Corporation (NASDAQ: CDW) to an Outperform in a note to investors on August 17, 2022. CDW Corporation (CDW) has been rated Buy by analysts. According to 0 brokerage firms, CDW is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate CDW Corporation stock as buy, with 9 recommending it as overweight.
With a median target price of $210.00, the current consensus forecast for the stock is $200.00 – $240.00. Based on these forecasts, analysts predict CDW Corporation (CDW) will achieve an average price target of $210.21.