Dow Inc [NYSE: DOW] gained 1.87% or 1.07 points to close at $58.14 with a heavy trading volume of 5126240 shares. The company report on March 26, 2024 at 1:00 PM that Dow, Diversey and Pebbles Project Collaborate To Bring Soap for Hope to South Africa.
Soap For Hope™ (S4H) program recycles discarded soap bars from local hotels helping underserved communities around the world.
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The Pebbles Project has created a partnership to support sustainable sanitation and engage, train, and empower unemployed young adults and women to implement S4H as a small business.
The daily chart for DOW points out that the company has recorded 15.17% gains over the past six months.
If we look at the average trading volume of 5.01M shares, DOW reached to a volume of 5126240 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 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 $57.59 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 2.76. 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 March 01, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $57 to $60. The new note on the price target was released on January 16, 2024, representing the official price target for Dow Inc stock. Previously, the target price had yet another raise to $58, while Deutsche Bank analysts kept a Hold rating on DOW stock.
The Average True Range (ATR) for Dow Inc is set at 1.02, with the Price to Sales ratio for DOW stock in the period of the last 12 months amounting to 0.92. The Price to Book ratio for the last quarter was 2.19, with the Price to Cash per share for the same quarter was set at 6.18. Price to Free Cash Flow for DOW in the course of the last twelve months was 14.40 with Quick ratio for the last quarter at 1.16.
Trading performance analysis for DOW stock
Dow Inc [DOW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.05. With this latest performance, DOW shares gained by 3.32% in over the last four-week period, additionally plugging by 15.17% over the last 6 months – not to mention a rise of 11.81% 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 61.01, with the RSI for the last a single of trading hit 62.17, and the three-weeks RSI is set at 60.08 for Dow Inc [DOW]. The present Moving Average for the last 50 days of trading for this stock 55.43, while it was recorded at 57.64 for the last single week of trading, and 53.24 for the last 200 days.
Dow Inc [DOW]: A deeper dive into fundamental analysis
Dow Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.16 and a Current Ratio set at 1.77.
Dow Inc [DOW]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Dow Inc posted 0.58/share EPS, while the average EPS was predicted by analysts to be reported at 0.36/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 61.10%. 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 29.52%.
An analysis of Institutional ownership at Dow Inc [DOW]
The top three institutional holders of DOW stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in DOW stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in DOW stock with ownership which is approximately 5.8325%.
