Lowe’s Companies Inc. (NYSE:LOW) saw an upside of 0.63% to close Tuesday at $206.41 after adding $1.3 on the day. The 5-day average trading volume is 3,387,500 shares of the company’s common stock. It has gained $214.18 in the past week and touched a new high 1 time within the past 5 days. An average of 2,637,090 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,195,288.
LOW’s 1-month performance is 1.97% or $4.53 on its low of $194.45 reached on 01/06/23. The company’s shares have touched a 52-week low of $170.12 and high of $240.71, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, LOW has achieved 3.60% or $7.17 and has reached a new high 7 times. However, the current price is down -14.25% from the 52-week high price.
LOW stock investors last saw insider trading activity on Dec 19.McFarland Joseph Michael (EVP, Stores) most recently sold 15,301 shares at $203.82 per share on Dec 19. This transaction cost the insider $3,118,677. EVP, GC & Corp. Sec., MCCANLESS ROSS W, sold 57,629 shares at a price of $211.35 on Dec 13. Then, on Aug 19, EVP, Chief Information Officer Godbole Seemantini sold 11,761 shares at a price of $214.37 per share. This transaction amounted to $2,521,171.
LOW stock has a beta of 1.13. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.29 while the price to cash flow ratio at 24.15.
Lowe’s Companies Inc.’s quick ratio for the period ended October 30 was 0.20, with the current ratio over the same period at 1.20.. In terms of profitability, the gross margin trailing 12 months is 33.40%. The firm’s gross profit as reported stood at $32.06 billion against revenue of $96.25 billion.
For the quarterly period ending October 30 this year, Lowe’s Companies Inc.’s cash and short-term investments amounted to $464.0 million against total debt of $38.31 billion. Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -1131.17% to $154.0 million, while revenue of $2.99 billion was -1842.86% off the previous quarter. Analysts expected LOW to announce $3.1 per share in earnings in its latest quarter, but it posted $3.27, representing a 5.50% surprise. EBITDA for the quarter stood at more than $3.54 billion. LOW stock balance sheet for the quarter ending October 30 shows that total liabilities totaled 59.84 billion, with total debt at $38.31 billion. Shareholders hold equity totaling $604.7 million.
Let’s look briefly at Lowe’s Companies Inc. (LOW) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 53.47% to suggest the stock is trending Neutral, with historical volatility in this time period at 33.60%.
The stock’s 5-day moving average is $205.34, reflecting a -1.48% or -$3.11 change from its current price. LOW is currently trading +3.65% above its 20-day SMA, +4.66% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +10.60% and SMA200 by+2.87%.
Stochastic %K and %D was 53.09% and 50.29% and the average true range (ATR) pointed at 5.43. The RSI (14) points at 52.73%, while the 14-day stochastic is at 58.26% with the period’s ATR at 5.48. The stock’s 9-day MACD Oscillator is pointing at -2.12 and 0.27 on the 14-day charts.
In the most recent analyst report for Lowe’s Companies Inc. (NYSE: LOW), Credit Suisse launched coverage with a Neutral rating. Analysts offering their rating for LOW stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate LOW as a “sell,”, while 14 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 15 have offered a “buy” rating.
What is LOW’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $152.00 and a high of $300.00, with their median price target at $234.50. Looking at these predictions, the average price target given by analysts is for Lowe’s Companies Inc. (LOW) stock is $232.77.