Market Momentum Report: Dow Inc (DOW)’s Negative Close at 59.06

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The price of Dow Inc (NYSE: DOW) closed at $59.06 in the last session, down -0.99% from day before closing price of $59.65. In other words, the price has decreased by -$0.99 from its previous closing price. On the day, 3.54 million shares were traded. DOW stock price reached its highest trading level at $60.19 during the session, while it also had its lowest trading level at $58.97.

Ratios:

We take a closer look at DOW’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.63. For the most recent quarter (mrq), Quick Ratio is recorded 1.18 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 0.96 whereas as Long-Term Debt/Eq ratio is at 0.94.

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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 41531346944 and an Enterprise Value of 55343337472. As of this moment, Dow’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.23, and their Forward P/E ratio for the next fiscal year is 13.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.95 while its Price-to-Book (P/B) ratio in mrq is 2.25. Its current Enterprise Value per Revenue stands at 1.271 whereas that against EBITDA is 10.879.

Stock Price History:

The Beta on a monthly basis for DOW is 1.25, which has changed by 0.13861573 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. 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 2.15%, while the 200-Day Moving Average is calculated to be 9.22%.

Shares Statistics:

According to the various share statistics, DOW traded on average about 4.90M shares per day over the past 3-months and 3860320 shares per day over the past 10 days. A total of 702.29M shares are outstanding, with a floating share count of 701.60M. Insiders hold about 0.23% of the company’s shares, while institutions hold 66.84% stake in the company. Shares short for DOW as of 1714435200 were 13331647 with a Short Ratio of 2.72, compared to 1711584000 on 13926072. Therefore, it implies a Short% of Shares Outstanding of 13331647 and a Short% of Float of 1.9.

Dividends & Splits

The forward annual dividend rate for DOW is 2.80, which was 2.8 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.046940483The stock’s 5-year Average Dividend Yield is 5.0.

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