NOW Inc. [NYSE: DNOW] gained 5.62% or 0.31 points to close at $5.83 with a heavy trading volume of 1601806 shares.
It opened the trading session at $5.57, the shares rose to $6.025 and dropped to $5.425, the range by which the price of stock traded the whole day. The daily chart for DNOW points out that the company has recorded 31.60% gains over the past six months. However, it is still -43.95% lower than its most recent low trading price.
If we look at the average trading volume of 1.35M shares, DNOW reached to a volume of 1601806 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about NOW Inc. [DNOW]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DNOW shares is $8.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DNOW stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Northland Capital have made an estimate for NOW Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 10, 2020. The new note on the price target was released on April 14, 2020, representing the official price target for NOW Inc. stock. Previously, the target price had yet another drop from $12 to $8.25, while Cowen kept a Market Perform rating on DNOW stock. On August 05, 2019, analysts decreased their price target for DNOW shares from 11 to 10.
The Average True Range (ATR) for NOW Inc. is set at 0.35, with the Price to Sales ratio for DNOW stock in the period of the last 12 months amounting to 0.27. The Price to Book ratio for the last quarter was 0.85, with the Price to Cash per share for the same quarter was set at 2.48. Price to Free Cash Flow for DNOW in the course of the last twelve months was 2.69 with Quick ratio for the last quarter at 1.90.
Trading performance analysis for DNOW stock
NOW Inc. [DNOW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.31. With this latest performance, DNOW shares dropped by -34.20% in over the last four-week period, additionally plugging by 31.60% over the last 6 months – not to mention a drop of -52.95% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DNOW stock in for the last two-week period is set at 26.86, with the RSI for the last a single of trading hit 24.58, and the three-weeks RSI is set at 30.92 for NOW Inc. [DNOW]. The present Moving Average for the last 50 days of trading for this stock 8.00, while it was recorded at 5.80 for the last single week of trading, and 8.31 for the last 200 days.
NOW Inc. [DNOW]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and NOW Inc. [DNOW] shares currently have an operating margin of +1.52 and a Gross Margin at +19.86. NOW Inc.’s Net Margin is presently recorded at -3.29.
Return on Total Capital for DNOW is now 3.51, given the latest momentum, and Return on Invested Capital for the company is -7.66. Return on Equity for this stock declined to -8.23, with Return on Assets sitting at -5.73. When it comes to the capital structure of this company, NOW Inc. [DNOW] has a Total Debt to Total Equity ratio set at 6.29. Additionally, DNOW Total Debt to Total Capital is recorded at 5.92, with Total Debt to Total Assets ending up at 4.53. Long-Term Debt to Equity for the company is recorded at 3.85, with the Long-Term Debt to Total Capital now at 3.62.
Reflecting on the efficiency of the workforce at the company, NOW Inc. [DNOW] managed to generate an average of -$22,045 per employee. Receivables Turnover for the company is 6.93 with a Total Asset Turnover recorded at a value of 1.74.NOW Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 3.20.
NOW Inc. [DNOW]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, NOW Inc. posted 0.08/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 33.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DNOW.
An analysis of insider ownership at NOW Inc. [DNOW]
There are presently around $627 million, in the hands of institutional investors. The top three institutional holders of DNOW stocks are: BLACKROCK INC. with ownership of 16,646,774, which is approximately 35.379% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 10,695,304 shares of the stock with an approximate value of $62.35 million in DNOW stocks shares; and BAILLIE GIFFORD & CO, currently with $60.67 million in DNOW stock with ownership of nearly 0.524% of the company’s market capitalization.
Positions in NOW Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 129 institutional holders increased their position in NOW Inc. [NYSE:DNOW] by around 14,418,288 shares. Additionally, 115 investors decreased positions by around 16,603,995 shares, while 36 investors held positions by with 76,497,174 shares. The mentioned changes placed institutional holdings at 107,519,457 shares, according to the latest SEC report filing. DNOW stock had 35 new institutional investments in for a total of 1,895,209 shares, while 46 institutional investors sold positions of 7,746,830 shares during the same period.