NOW Inc. (NYSE: DNOW) is -23.86% lower on its value in year-to-date trading and has touched a low of $8.79 and a high of $14.86 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DNOW stock was last observed hovering at around $9.64 in the last trading session, with the day’s gains setting it 0.03% off its average median price target of $12.25 for the next 12 months. It is also 30.93% off the consensus price target high of $14.00 offered by 2 analysts, but current levels are 7.9% higher than the price target low of $10.50 for the same period.
Currently trading at $9.67, the stock is 0.20% and -5.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing 0.31% at the moment leaves the stock -17.29% off its SMA200. DNOW registered -7.82% loss for a year compared to 6-month loss of -23.62%. The firm has a 50-day simple moving average (SMA 50) of $0.39 and a 200-day simple moving average (SMA200) of $5.70.
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The stock witnessed a -6.48% gain in the last 1 month and extending the period to 3 months gives it a -23.25%, and is 2.44% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.68% over the week and 3.41% over the month.
NOW Inc. (DNOW) has around 1200 employees, a market worth around $1.03B and $2.25B in sales. Current P/E ratio is 8.32 and Fwd P/E is 8.85. Profit margin for the company is 5.70%. Distance from 52-week low is 10.01% and -34.93% from its 52-week high. The company has generated returns on investments over the last 12 months (14.20%).
NOW Inc. (DNOW) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for NOW Inc. (DNOW) is a “Overweight”. 2 analysts offering their recommendations for the stock have an average rating of 1.70, where 1 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
NOW Inc. is expected to release its quarterly report on 08/02/2023.The EPS is expected to grow by 243.30% this year
NOW Inc. (DNOW) Top Institutional Holders
The shares outstanding are 110.00M, and float is at 105.33M with Short Float at 1.29%.
NOW Inc. (DNOW) Insider Activity
A total of 17 insider transactions have happened at NOW Inc. (DNOW) in the last six months, with sales accounting for 8 and purchases happening 9 times.
NOW Inc. (DNOW): Who are the competitors?
The company’s main competitors (and peers) include EnLink Midstream LLC (ENLC) that is trading -5.32% down over the past 12 months.
