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After finishing at $13.14 in the prior trading day, Dnow Inc (NYSE: DNOW) closed at $13.45, up 2.36%. In other words, the price has increased by $2.36 from its previous closing price. On the day, 0.65 million shares were traded. DNOW stock price reached its highest trading level at $13.525 during the session, while it also had its lowest trading level at $13.1.
Ratios:
Our goal is to gain a better understanding of DNOW by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.48. For the most recent quarter (mrq), Quick Ratio is recorded 1.34 and its Current Ratio is at 2.26. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
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 this company, The Benchmark Company on July 08, 2022, initiated with a Buy rating and assigned the stock a target price of $13.
On November 04, 2021, Stephens Upgraded its rating to Overweight which previously was Equal-Weight but kept the price unchanged to $12.
Stifel Upgraded its Hold to Buy on July 16, 2021, whereas the target price for the stock was revised from $11 to $12.
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 May 14 ’24 when Cherechinsky David A sold 123,881 shares for $13.57 per share. The transaction valued at 1,681,065 led to the insider holds 775,559 shares of the business.
Chang Raymond W sold 93,284 shares of DNOW for $1,260,267 on May 14 ’24. The VP and General Counsel now owns 283,837 shares after completing the transaction at $13.51 per share. On May 14 ’24, another insider, Johnson Mark B, who serves as the insider of the company, sold 47,015 shares for $13.50 each. As a result, the insider received 634,702 and left with 180,393 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DNOW now has a Market Capitalization of 1436500352 and an Enterprise Value of 1316494336. As of this moment, Dnow’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.20, and their Forward P/E ratio for the next fiscal year is 12.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.62 while its Price-to-Book (P/B) ratio in mrq is 1.33. Its current Enterprise Value per Revenue stands at 0.572 whereas that against EBITDA is 7.744.
Stock Price History:
The Beta on a monthly basis for DNOW is 1.44, which has changed by 0.24192059 over the last 52 weeks, in comparison to a change of 0.23951602 over the same period for the S&P500. Over the past 52 weeks, DNOW has reached a high of $15.57, while it has fallen to a 52-week low of $9.44. The 50-Day Moving Average of the stock is -2.53%, while the 200-Day Moving Average is calculated to be 8.19%.
Shares Statistics:
The stock has traded on average 836.15K shares per day over the past 3-months and 735090 shares per day over the last 10 days, according to various share statistics. A total of 106.26M shares are outstanding, with a floating share count of 104.68M. Insiders hold about 1.99% of the company’s shares, while institutions hold 97.44% stake in the company. Shares short for DNOW as of 1718323200 were 3353619 with a Short Ratio of 4.15, compared to 1715731200 on 3051719. Therefore, it implies a Short% of Shares Outstanding of 3353619 and a Short% of Float of 4.4799999999999995.
