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Dnow Inc (DNOW) – Don’t Be So Quick to Call it Dead

Dnow Inc (NYSE: DNOW) is 17.23% higher on its value in year-to-date trading and has touched a low of $9.44 and a high of $15.57 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DNOW stock was last observed hovering at around $13.48 in the last trading session, with the day’s loss setting it -0.21%.

Currently trading at $13.27, the stock is -4.21% and -6.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing -1.56% at the moment leaves the stock 7.86% off its SMA200. DNOW registered 33.10% gain for a year compared to 6-month gain of 21.85%.

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The stock witnessed a -4.94% loss in the last 1 month and extending the period to 3 months gives it a -9.30%, and is -3.56% down 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 2.58% over the week and 2.71% over the month.

Dnow Inc (DNOW) has around 2475 employees, a market worth around $1.42B and $2.30B in sales. Current P/E ratio is 6.11 and Fwd P/E is 11.95. Profit margin for the company is 10.13%. Distance from 52-week low is 40.57% and -14.80% from its 52-week high. The company has generated returns on investments over the last 12 months (21.01%).

The EPS is expected to grow by 2.06% this year

The shares outstanding are 106.26M, and float is at 104.68M with Short Float at 2.88%.

Dnow Inc (DNOW) Insider Activity

The most recent transaction is an insider sale by Cherechinsky David A, the company’s President and CEO. SEC filings show that Cherechinsky David A sold 123,881 shares of the company’s common stock on May 14 ’24 at a price of $13.57 per share for a total of $1.68 million. Following the sale, the insider now owns 0.78 million shares.

Dnow Inc disclosed in a document filed with the SEC on May 14 ’24 that Chang Raymond W (VP and General Counsel) sold a total of 93,284 shares of the company’s common stock. The trade occurred on May 14 ’24 and was made at $13.51 per share for $1.26 million. Following the transaction, the insider now directly holds 0.28 million shares of the DNOW stock.

Still, SEC filings show that on May 14 ’24, Johnson Mark B disposed off 47,015 shares at an average price of $13.50 for $0.63 million. The insider now directly holds 180,393 shares of Dnow Inc (DNOW).

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