Lowe’s Cos. Inc. (NYSE:LOW) finished Friday with an addition of $0.06 to close at $207.84, an upside of 0.03 percent. An average of 2,859,580 shares of common stock have been traded in the last five days. There was a fall of -$2.65 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 3,000,680 shares traded, while the 50-day average volume stands at 2,558,744.
LOW stock has decreased by -9.76% in the last month. The company shares reached their 1-month lowest point of $206.27 on 09/27/23. With the stock rallying to its 52-week high on 07/27/23, shares of the company touched a low of $176.50 and a high of $237.21 in 52 weeks. It has reached a new high 18 times so far this year and achieved 4.32% or $8.60 in price. In spite of this, the price is down -12.38% from the 52-week high.
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Insider Transactions
LOW stock investors should be aware that Lowe’s Cos. Inc. (LOW) stock had its last reported insider trading activity 30 days ago on Aug 31. In this transaction, the insider spent $1,244,292. EVP, Stores, McFarland Joseph Michael, disposed of 4,500 shares at a price of $222.53 on Aug 28. The insider now owns more than $1,001,385 worth of shares. Prior to that, EVP, Supply Chain Frieson Donald went on to Sale 13,114 shares at $203.45 each on May 26. An amount of $2,668,016 was transacted.
Valuation Metrics
Lowe’s Cos. Inc. (LOW) has a trailing price-to-earnings (P/E) ratio of 20.47. The stock’s beta is 1.09. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.29, and the price-to-cash flow ratio at 18.07.
Financial Health
The quick ratio of Lowe’s Cos. Inc. for the three months ended July 30 was 0.27, and the current ratio was 1.26, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $32.26 billion compared to revenue of $97.06 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Lowe’s Cos. Inc.’s return on assets was 13.21%.
Earnings Surprise
For the three-month period that ended July 30, Lowe’s Cos. Inc. had $35.84 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.67 billion in the quarter, while revenues of $2.26 billion were shrunk -11.93%. The analyst consensus anticipated Lowe’s Cos. Inc.’s latest quarter earnings to come in at $4.49 per share, but it turned out to be $4.56, a 1.60% surprise. For the quarter, EBITDA amounted to $4.36 billion. Shareholders own equity worth $577.12 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Lowe’s Cos. Inc. (LOW) price momentum. RSI 9-day as of the close on 29 September was 25.84%, suggesting the stock is oversold, with historical volatility in this time frame at 34.02%.
As of today, LOW’s price is $208.72 -1.26% or -$2.65 from its 5-day moving average. LOW is currently trading -9.82% lower than its 20-day SMA and +1.86% higher than its 100-day SMA. However, the stock’s current price level is -10.02% below the SMA50 and +1.35% above the SMA200.
The stochastic %K and %D were 4.56% and 4.45%, respectively, and the average true range (ATR) was 3.92. With the 14-day stochastic at 5.69% and the average true range at 3.96, the RSI (14) stands at 30.71%. The stock has reached -3.27 on the 9-day MACD Oscillator while the 14-day reading was at -8.54.
Analyst Ratings
HSBC Securities launched coverage on Lowe’s Cos. Inc. (NYSE: LOW) in its analyst report released on September 22, 2023. The firm assigned the stock a Hold rating. The consensus rating for Lowe’s Cos. Inc. (LOW) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell LOW, while 14 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 17 others rate it as a “buy”.
