Dnow Inc (NYSE: DNOW) is 10.87% higher on its value in year-to-date trading and has touched a low of $9.44 and a high of $15.65 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 $12.56 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $12.55, the stock is -7.92% and -7.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.53 million and changing -0.08% at the moment leaves the stock -1.74% off its SMA200. DNOW registered 14.40% gain for a year compared to 6-month gain of -5.64%.
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The stock witnessed a -12.67% loss in the last 1 month and extending the period to 3 months gives it a -12.54%, and is -1.88% 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 2.60% over the week and 3.56% over the month.
Dnow Inc (DNOW) has around 2475 employees, a market worth around $1.34B and $2.34B in sales. Current P/E ratio is 6.04 and Fwd P/E is 13.57. Profit margin for the company is 9.53%. Distance from 52-week low is 32.94% and -19.78% from its 52-week high. The company has generated returns on investments over the last 12 months (19.79%).
The EPS is expected to shrink by -6.96% this year
374.0 institutions hold shares in Dnow Inc (DNOW), with institutional investors hold 105.98% of the company’s shares. The shares outstanding are 106.26M, and float is at 104.23M with Short Float at 5.02%. Institutions hold 103.86% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 19.1 million shares valued at $262.29 million. The investor’s holdings represent 17.9469 of the DNOW Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 12.01 million shares valued at $164.9 million to account for 11.2833 of the shares outstanding. The other top investors are PACER ADVISORS, INC. which holds 7.05 million shares representing 6.6212 and valued at over $96.77 million, while DIMENSIONAL FUND ADVISORS LP holds 6.0563 of the shares totaling 6.45 million with a market value of $88.51 million.
Dnow Inc (DNOW) Insider Activity
The most recent transaction is an insider sale by Surratt Fanny R., the company’s. SEC filings show that Surratt Fanny R. sold 3,500 shares of the company’s common stock on Aug 12 ’24 at a price of $12.66 per share for a total of $44310.0. Following the sale, the insider now owns 43648.0 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, Cherechinsky David A (President and CEO) disposed off 123,881 shares at an average price of $13.57 for $1.68 million. The insider now directly holds 775,559 shares of Dnow Inc (DNOW).
