The stock of Dow Inc. (NYSE:DOW) increased by $0.6 on Monday to $54.58, up 1.12 percent. The last five days have seen an average of 2,663,388 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $4.39. The average number of shares traded over the last 20 days was 3,746,897, while the average volume over the last 50 days totaled 4,407,255.
DOW stock dropped -1.58% since last month. On 08/23/23, the company’s shares reached a one-month low of $52.81. The stock touched a high of $60.88 on 02/07/23, after rallying from a low of $42.91 in 52 weeks. The price of DOW stock has risen by 8.33% or $4.39 this year, reaching a new high 12 times. Still, the stock price is down -10.33% from the 52-week high.
Insider Transactions
DOW stock investors should be aware that Dow Inc. (DOW) stock had its last reported insider trading activity 122 days ago on Apr 28. On Apr 28, Director Dial Debra L. acquired 400 shares at $54.17 each. This transaction resulted in the insider spending $21,668. On Oct 26, Dial Debra L. added 450 shares at a price of US$48.09. After the transaction, the insider now owns 1,625 shares.
Valuation Metrics
Dow Inc. (DOW) has a trailing price-to-earnings (P/E) ratio of 22.54. Beta for the stock is 1.33. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.77, the price-to-book (PB) ratio of 1.93, and the price-to-cash flow ratio of 9.91.
Company paid $0.70 per share in dividends, remained unchanged from $0.70 last year. A $0.24 dividend increase was reported on Thursday April 11 2019.
Financial Health
For the three months ended June 29, Dow Inc.’s quick ratio was 1.30, while its current ratio was 1.90, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.74, and the total debt to equity ratio is 0.75. As far as profitability goes, gross margin for the trailing twelve months is 11.60% percent. Dow Inc.’s EBITDA margin for the year ended June 29 was 14.22%, whereas its operating margin stood at 5.10% for the same period. Based on annual data, it had gross profit of $8.56 billion and revenue of $56.9 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DOW’s return on assets (ROA) during the last 12 months has been 2.90%. There was a 11.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 8.80%.
Earnings Surprise
According to Dow Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $11.42 billion, while revenues fell by -37.16% to $11.85 billion. It was predicted that Dow Inc.’s quarterly earnings would be $0.75, but it ended up being $0.7, beating the consensus by 7.10%. EBITDA was $1.49 billion for the quarter. At the end of Dow Inc.’s most recent quarter ended June 29, its liabilities totaled 37.78 billion, while its total debt was $16.3 billion. Equity owned by shareholders amounts to $703.08 million.
Technical Picture
Here’s a quick look at Dow Inc.’s (DOW) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 57.31%, suggesting the stock is Neutral, with a 11.24% historical volatility rate.
The stochastic %K and %D were 37.72% and 27.43% respectively, while the average true range (ATR) was 0.97. Based on the 14-day stochastic reading of 57.60%, the RSI (14) reading is 54.78%. On the 9-day MACD Oscillator, the stock is at 0.23, and the 14-day reading is at -0.24.
Analyst Ratings
In a note to investors, Mizuho maintained its a Neutral rating on Dow Inc. (NYSE: DOW). However, the firm raised their price target to $52, indicating a possible decrease of -2.98% in the stock price. Analysts have assigned Dow Inc. (DOW) an Hold rating. DOW is a stock that is recommended for selling by 1 brokerage firm, while 18 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 5 others recommend it as a buy.
What is DOW’s price target for the next 12 months?
The current consensus forecast for the stock is between $47.00 and $66.00, with a median target price of $55.00. In analyzing these forecasts, the average price target given by analysts for Dow Inc. (DOW) is $56.15.
