Dow Inc. [NYSE: DOW] plunged by -$0.74 during the normal trading session on Thursday and reaching a high of $56.165 during the day while it closed the day at $55.70.
Dow Inc. stock has also loss -2.14% of its value over the past 7 days. However, DOW stock has declined by -1.59% in the 3 months of the year. Over the past six months meanwhile, it has gained 20.09% and gained 10.54% year-on date.
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The market cap for DOW stock reached $39.73 billion, with 709.30 million shares outstanding and 702.78 million shares in the current float. Compared to the average trading volume of 4.94M shares, DOW reached a trading volume of 3333723 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $58.36 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 2.80. 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.
Piper Sandler have made an estimate for Dow Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 12, 2023. The new note on the price target was released on March 20, 2023, representing the official price target for Dow Inc. stock. Previously, the target price had yet another raise to $68, while Credit Suisse analysts kept a Outperform rating on DOW stock. On January 11, 2023, analysts increased their price target for DOW shares from 48 to 59.
The Average True Range (ATR) for Dow Inc. is set at 1.15, with the Price to Sales ratio for DOW stock in the period of the last 12 months amounting to 0.70. The Price to Book ratio for the last quarter was 1.91, with the Price to Cash per share for the same quarter was set at 5.45. Price to Free Cash Flow for DOW in the course of the last twelve months was 7.27 with Quick ratio for the last quarter at 1.20.
DOW stock trade performance evaluation
Dow Inc. [DOW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.14. With this latest performance, DOW shares gained by 6.99% in over the last four-week period, additionally plugging by 20.09% over the last 6 months – not to mention a drop of -16.93% 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 52.97, with the RSI for the last a single of trading hit 51.90, and the three-weeks RSI is set at 52.21 for Dow Inc. [DOW]. The present Moving Average for the last 50 days of trading for this stock 55.60, while it was recorded at 56.46 for the last single week of trading, and 52.18 for the last 200 days.
Dow Inc. [DOW]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Dow Inc. [DOW] shares currently have an operating margin of +9.37 and a Gross Margin at +13.81. Dow Inc.’s Net Margin is presently recorded at +8.01.
Return on Total Capital for DOW is now 14.64, given the latest momentum, and Return on Invested Capital for the company is 13.02. Return on Equity for this stock inclined to 23.44, with Return on Assets sitting at 7.38. When it comes to the capital structure of this company, Dow Inc. [DOW] has a Total Debt to Total Equity ratio set at 80.64. Additionally, DOW Total Debt to Total Capital is recorded at 44.64, with Total Debt to Total Assets ending up at 27.57. Long-Term Debt to Equity for the company is recorded at 75.76, with the Long-Term Debt to Total Capital now at 41.94.
Reflecting on the efficiency of the workforce at the company, Dow Inc. [DOW] managed to generate an average of $120,582 per employee. Receivables Turnover for the company is 6.54 with a Total Asset Turnover recorded at a value of 0.92.Dow Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.80.
Earnings per share (EPS) analysis for Dow Inc. [DOW] stock
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 -2.61%.
Dow Inc. [DOW]: Insider Ownership positions
There are presently around $25,057 million, or 65.60% of DOW stock, in the hands of institutional investors. The top three institutional holders of DOW stocks are: VANGUARD GROUP INC with ownership of 60,927,483, which is approximately -4.424% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 44,896,773 shares of the stock with an approximate value of $2.53 billion in DOW stocks shares; and STATE STREET CORP, currently with $2.07 billion in DOW stock with ownership of nearly -0.923% of the company’s market capitalization.
Positions in Dow Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 775 institutional holders increased their position in Dow Inc. [NYSE:DOW] by around 24,689,982 shares. Additionally, 632 investors decreased positions by around 33,749,595 shares, while 219 investors held positions by with 385,511,536 shares. The mentioned changes placed institutional holdings at 443,951,113 shares, according to the latest SEC report filing. DOW stock had 178 new institutional investments in for a total of 6,322,029 shares, while 93 institutional investors sold positions of 2,448,516 shares during the same period.