Dow Inc. [NYSE: DOW] traded at a high on 06/29/21, posting a 0.13 gain after which it closed the day’ session at $62.98. The company report on June 30, 2021 that Dow introduces new silicone technologies that advance electric/hybrid vehicle performance, reliability and sustainability.
New DOWSIL™ products offer excellent thermal conductivity, easy processing and controlled volatility for demanding automotive electronics applications.
Dow (NYSE: Dow) introduced three new silicone technologies for electric and hybrid-electric vehicle electronics applications. These innovative new products – DOWSIL™ TC-2035 CV Adhesive, DOWSIL™ TC-4551 CV Gap Filler and DOWSIL™ TC-4060 GB250 Thermal Gel – increase the already high value and versatility of Dow’s silicones portfolio to meet the evolving needs of automotive electrification. Advanced features of these DOWSIL™ products include reliable performance, high thermal conductivity, controlled volatility for very efficient heat dissipation, and easy processing for enhanced productivity.
The results of the trading session contributed to over 2639980 shares changing hands. Over the past one week, the price volatility of Dow Inc. stands at 1.71% while the volatility over the past one month is 2.24%.
The market cap for DOW stock reached $46.91 billion, with 746.99 million shares outstanding and 745.77 million shares in the current float. Compared to the average trading volume of 4.40M shares, DOW reached a trading volume of 2639980 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Dow Inc. [DOW]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DOW shares is $68.81 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DOW stock is a recommendation set at 2.70. 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.
Wolfe Research have made an estimate for Dow Inc. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on June 10, 2021. While these analysts kept the previous recommendation, Goldman dropped their target price from $69 to $64. The new note on the price target was released on May 11, 2021, representing the official price target for Dow Inc. stock. Previously, the target price had yet another raise to $69, while Argus analysts kept a Buy rating on DOW stock.
The Average True Range (ATR) for Dow Inc. is set at 1.46, with the Price to Sales ratio for DOW stock in the period of the last 12 months amounting to 1.15. The Price to Book ratio for the last quarter was 3.35. Price to Free Cash Flow for DOW in the course of the last twelve months was 18.82 with Quick ratio for the last quarter at 1.10.
How has DOW stock performed recently?
Dow Inc. [DOW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.82. With this latest performance, DOW shares dropped by -7.95% in over the last four-week period, additionally plugging by 16.01% over the last 6 months – not to mention a rise of 53.68% 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 DOW stock in for the last two-week period is set at 36.03, with the RSI for the last a single of trading hit 31.61, and the three-weeks RSI is set at 40.37 for Dow Inc. [DOW]. The present Moving Average for the last 50 days of trading for this stock 66.54, while it was recorded at 63.09 for the last single week of trading, and 58.40 for the last 200 days.
Dow Inc. [DOW]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Dow Inc. [DOW] shares currently have an operating margin of +6.68 and a Gross Margin at +12.49. Dow Inc.’s Net Margin is presently recorded at +3.15.
Return on Total Capital for DOW is now 7.88, given the latest momentum, and Return on Invested Capital for the company is 3.94. Return on Equity for this stock inclined to 9.36, with Return on Assets sitting at 1.99. When it comes to the capital structure of this company, Dow Inc. [DOW] has a Total Debt to Total Equity ratio set at 153.15. Additionally, DOW Total Debt to Total Capital is recorded at 60.50, with Total Debt to Total Assets ending up at 30.98. Long-Term Debt to Equity for the company is recorded at 144.85, with the Long-Term Debt to Total Capital now at 57.22.
Reflecting on the efficiency of the workforce at the company, Dow Inc. [DOW] managed to generate an average of $34,062 per employee. Receivables Turnover for the company is 5.12 with a Total Asset Turnover recorded at a value of 0.63.Dow Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.70.
Earnings analysis for Dow Inc. [DOW]
With the latest financial reports released by the company, Dow Inc. posted -0.26/share EPS, while the average EPS was predicted by analysts to be reported at -0.3/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 13.30%. 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 DOW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Dow Inc. go to -5.43%.
Insider trade positions for Dow Inc. [DOW]
There are presently around $32,037 million, or 69.10% of DOW stock, in the hands of institutional investors. The top three institutional holders of DOW stocks are: VANGUARD GROUP INC with ownership of 61,933,797, which is approximately 3.212% of the company’s market cap and around 0.10% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 54,079,211 shares of the stock with an approximate value of $3.41 billion in DOW stocks shares; and BLACKROCK INC., currently with $2.87 billion in DOW stock with ownership of nearly 1.326% of the company’s market capitalization.
Positions in Dow Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 721 institutional holders increased their position in Dow Inc. [NYSE:DOW] by around 33,373,563 shares. Additionally, 531 investors decreased positions by around 26,674,469 shares, while 192 investors held positions by with 448,643,942 shares. The mentioned changes placed institutional holdings at 508,691,974 shares, according to the latest SEC report filing. DOW stock had 173 new institutional investments in for a total of 4,054,387 shares, while 87 institutional investors sold positions of 3,000,833 shares during the same period.