Market Momentum: Dow Inc (DOW) Registers a -0.97 Decrease, Closing at 50.99

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Dow Inc (NYSE: DOW) closed the day trading at $50.99 down -0.97% from the previous closing price of $51.49. In other words, the price has decreased by -$0.97 from its previous closing price. On the day, 5.8 million shares were traded. DOW stock price reached its highest trading level at $52.16 during the session, while it also had its lowest trading level at $50.72.

Ratios:

For a better understanding of DOW, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.58. For the most recent quarter (mrq), Quick Ratio is recorded 1.12 and its Current Ratio is at 1.75. In the meantime, Its Debt-to-Equity ratio is 0.97 whereas as Long-Term Debt/Eq ratio is at 0.93.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on April 26, 2024, Upgraded its rating to Overweight and sets its target price to $61 from $55 previously.

BofA Securities Upgraded its Neutral to Buy on January 16, 2024, whereas the target price for the stock was revised from $57 to $60.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 16 ’23 when DAVIS RICHARD K bought 5,000 shares for $51.09 per share. The transaction valued at 255,437 led to the insider holds 33,665 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DOW now has a Market Capitalization of 36090417152 and an Enterprise Value of 50453422080. As of this moment, Dow’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.56, and their Forward P/E ratio for the next fiscal year is 14.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.83 while its Price-to-Book (P/B) ratio in mrq is 1.95. Its current Enterprise Value per Revenue stands at 1.172 whereas that against EBITDA is 9.614.

Stock Price History:

Over the past 52 weeks, DOW has reached a high of $60.69, while it has fallen to a 52-week low of $47.26. The 50-Day Moving Average of the stock is -3.49%, while the 200-Day Moving Average is calculated to be -7.12%.

Shares Statistics:

Over the past 3-months, DOW traded about 4.10M shares per day on average, while over the past 10 days, DOW traded about 4029990 shares per day. A total of 702.29M shares are outstanding, with a floating share count of 699.45M. Insiders hold about 0.21% of the company’s shares, while institutions hold 69.39% stake in the company. Shares short for DOW as of 1727654400 were 14821586 with a Short Ratio of 3.61, compared to 1724976000 on 12806725. Therefore, it implies a Short% of Shares Outstanding of 14821586 and a Short% of Float of 2.12.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 5.25.

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