As of Thursday close, Dow Inc.’s (NYSE:DOW) stock was up $0.54, moving up 1.01 percent to $53.86. The average number of shares traded per day over the past five days has been 4,125,660 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.12 fall in that time frame. In the last twenty days, the average volume was 5,102,905, while in the previous 50 days, it was 4,656,078.
Since last month, DOW stock rose 1.97%. Shares of the company fell to $52.26 on 07/24/23, the lowest level in the past month. A 52-week high of $60.88 was reached on 02/07/23 after having rallying from a 52-week low of $42.91. Since the beginning of this year, DOW’s stock price has risen by 6.89% or $3.47, and marked a new high 12 times. However, the stock has declined by -11.52% since its 52-week high.
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DOW stock investors should be aware that Dow Inc. (DOW) stock had its last reported insider trading activity 112 days ago on Apr 28. Dial Debra L., the Director of the company, purchased of 400 shares for $54.17 on Apr 28. It resulted in a $21,668 investment by the insider. Dial Debra L. added 450 shares at an average price of $48.09 on Oct 26. The insider now owns 1,625 shares following the transaction.
Valuation Metrics
Right now, Dow Inc. (DOW) has a P/E ratio of about 22.24. The stock’s beta is 1.34. Besides these, the trailing price-to-sales (P/S) ratio of 0.78, the price-to-book (PB) ratio of 1.90, and the price-to-cash flow ratio of 9.95 may also be considered.
The latest dividend of $0.70 per share was paid out, remained unchanged from last year’s $0.70. On Thursday April 11 2019, a $0.24 dividend increase was announced.
Financial Health
In the three months ended June 29, Dow Inc.’s quick ratio stood at 1.30, while its current ratio was 1.90, 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 June 29 was 0.74, and the total debt-to-equity ratio was 0.75. On the profitability front, the trailing twelve-month gross margin is 11.60% percent. In the year ended June 29, EBITDA margin amounted to 14.22%, whereas operating margins totaled 5.10%. Based on annual data, DOW earned $8.56 billion in gross profit and brought in $56.9 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 11.60%. Return on equity (ROE) for the past 12 months was 8.80%.
In Dow Inc.’s quarter-end financial report for June 29, it reported total debt of $14.73 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DOW’s revenue fell -37.16% to $11.85 billion during the quarter, while net income inched up to $11.42 billion. While analysts expected Dow Inc. to report $0.7 quarterly earnings, the actual figure was $0.75 per share, beating the consensus estimate by 7.10%. During the quarter, the company generated $1.49 billion in EBITDA. The liabilities of Dow Inc. were 37.78 billion at the end of its most recent quarter ended June 29, and its total debt was $16.3 billion. The value of shareholders’ equity is $703.08 million.
Technical Picture
This quick technical analysis looks at Dow Inc.’s (DOW) price momentum. With a historical volatility rate of 23.18%, the RSI 9-day stood at 43.48% on 17 August.
With respect to its five-day moving average, the current Dow Inc. price is down by -3.79% percent or -$2.12. At present, DOW shares trade +1.53% above its 20-day simple moving average and +4.02% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.41% above its SMA50 and +13.44% above its SMA200.
Stochastic coefficient K was 10.98% and Stochastic coefficient D was 27.86%, while ATR was 1.10. Given the Stochastic reading of 22.65% for the 14-day period, the RSI (14) reading has been calculated as 47.31%. As of today, the MACD Oscillator reading stands at -1.27, while the 14-day reading stands at -1.43.
Analyst Ratings
Mizuho reiterated its a Neutral rating on Dow Inc. (NYSE: DOW) in a note to investors. The analysts firm has however raised their price target to $52, representing a possible -1.62% increase in the stock price. Dow Inc. (DOW) has been rated Hold by analysts. According to 1 brokerage firm, DOW is a sell, and 18 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Dow Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $55.00, the current consensus forecast for the stock is $47.00 – $66.00. Based on these forecasts, analysts predict Dow Inc. (DOW) will achieve an average price target of $56.15.
