Dow Inc. (NYSE:DOW) saw a downside of -0.92% to close Tuesday at $55.01 after subtracting -$0.51 on the day. The 5-day average trading volume is 3,925,320 shares of the company’s common stock. It has gained $55.82 in the past week and touched a new high 3 times within the past 5 days. An average of 5,072,125 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,898,326.
DOW’s 1-month performance is 3.27% or $1.91 on its low of $52.17 reached on 07/17/23. The company’s shares have touched a 52-week low of $42.91 and high of $60.88, with the stock’s rally to the 52-week high happening on 02/07/23. YTD, DOW has achieved 9.17% or $4.62 and has reached a new high 12 times. However, the current price is down -9.63% from the 52-week high price.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
DOW stock has a beta of 1.34. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.79 while the price-to-book (PB) in the most recent quarter is 1.95, with the price to cash flow ratio at 20.90.
Dow Inc.’s quick ratio for the recent period was 1.30, with the current ratio over the same period at 1.90.. In terms of profitability, the gross margin trailing 12 months is 11.60%. The trailing 12-month EBITDA margin is 14.22%. The firm’s gross profit as reported stood at $8.56 billion against revenue of $56.9 billion.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -242.47% to $485.0 million, while revenue of -$93.0 million was 119.18% off the previous quarter. EBITDA for the quarter stood at more than $1.49 billion. DOW stock balance sheet for the recent quarter shows that total liabilities totaled 37.78 billion, with total debt at $16.3 billion. Shareholders hold equity totaling $703.08 million.
Let’s look briefly at Dow Inc. (DOW) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 55.60% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.90%.
The stock’s 5-day moving average is $54.93, reflecting a -1.38% or -$0.77 change from its current price. DOW is currently trading +2.98% above its 20-day SMA, +8.97% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +9.21% and SMA200 by+21.89%.
Stochastic %K and %D was 65.13% and 62.66% and the average true range (ATR) pointed at 1.14. The RSI (14) points at 56.28%, while the 14-day stochastic is at 65.05% with the period’s ATR at 1.13. The stock’s 9-day MACD Oscillator is pointing at -0.24 and 0.50 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Dow Inc. (NYSE: DOW), Mizuho reiterated its a Neutral rating for the company but lifted their price target by $53 to $52. Analysts offering their rating for DOW stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate DOW as a “sell,”, while 18 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 5 have offered a “buy” rating.
What is DOW’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $47.00 and a high of $66.00, with their median price target at $55.00. Looking at these predictions, the average price target given by analysts is for Dow Inc. (DOW) stock is $56.15.
