After finishing at $14.15 in the prior trading day, Dnow Inc (NYSE: DNOW) closed at $14.19, up 0.28%. In other words, the price has increased by $+0.04 from its previous closing price. On the day, 957798 shares were traded. DNOW stock price reached its highest trading level at $14.44 during the session, while it also had its lowest trading level at $14.11.
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 5.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.81. For the most recent quarter (mrq), Quick Ratio is recorded 1.68 and its Current Ratio is at 2.56. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.04.
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.
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 1.51B and an Enterprise Value of 1.25B. As of this moment, Dnow’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.30, and their Forward P/E ratio for the next fiscal year is 12.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.65 while its Price-to-Book (P/B) ratio in mrq is 1.42. Its current Enterprise Value per Revenue stands at 0.54 whereas that against EBITDA is 7.52.
Stock Price History:
Over the past 52 weeks, DNOW has reached a high of $14.44, while it has fallen to a 52-week low of $8.83. The 50-Day Moving Average of the stock is 10.98, while the 200-Day Moving Average is calculated to be 10.83.
Shares Statistics:
The stock has traded on average 1.06M shares per day over the past 3-months and 1.47M 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 104.03M. Insiders hold about 2.02% of the company’s shares, while institutions hold 98.42% stake in the company. Shares short for DNOW as of Feb 15, 2024 were 3.1M with a Short Ratio of 2.91, compared to 1.47M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.92% and a Short% of Float of 4.23%.
Earnings Estimates
Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of $0.24 for the current quarter, with a high estimate of $0.24 and a low estimate of $0.23, while EPS last year was $0.25. The consensus estimate for the next quarter is $0.26, with high estimates of $0.27 and low estimates of $0.25.
Analysts are recommending an EPS of between $1.09 and $0.99 for the fiscal current year, implying an average EPS of $1.04. EPS for the following year is $1.11, with 3 analysts recommending between $1.22 and $1.06.
Revenue Estimates
3 analysts predict $567.87M in revenue for the current quarter. It ranges from a high estimate of $571.6M to a low estimate of $563M. As of the current estimate, Dnow Inc’s year-ago sales were $584M, an estimated decrease of -2.80% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $596.03M, an increase of 0.60% over than the figure of -$2.80% in the same quarter last year. There is a high estimate of $607.1M for the next quarter, whereas the lowest estimate is $584M.
A total of 3 analysts have provided revenue estimates for DNOW’s current fiscal year. The highest revenue estimate was $2.4B, while the lowest revenue estimate was $2.37B, resulting in an average revenue estimate of $2.39B. In the same quarter a year ago, actual revenue was $2.32B, up 2.80% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $2.49B in the next fiscal year. The high estimate is $2.6B and the low estimate is $2.4B. The average revenue growth estimate for next year is up 4.40% from the average revenue estimate for this year.
