Dow Inc (NYSE: DOW) is -7.62% lower on its value in year-to-date trading and has touched a low of $47.26 and a high of $60.69 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 DOW stock was last observed hovering at around $50.15 in the last trading session, with the day’s gains setting it 0.51%.
Currently trading at $50.66, the stock is -3.21% and -4.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.19 million and changing 1.02% at the moment leaves the stock -7.80% off its SMA200. DOW registered -6.25% loss for a year compared to 6-month loss of -11.19%.
The stock witnessed a -5.96% gain in the last 1 month and extending the period to 3 months gives it a -7.92%, and is -1.25% 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 2.08% over the week and 1.72% over the month.
Dow Inc (DOW) has around 35900 employees, a market worth around $35.51B and $43.03B in sales. Current P/E ratio is 31.35 and Fwd P/E is 13.80. Profit margin for the company is 2.65%. Distance from 52-week low is 7.19% and -16.53% from its 52-week high. The company has generated returns on investments over the last 12 months (3.23%).
The EPS is expected to grow by 10.18% this year.
Dow Inc (DOW) Top Institutional Holders
1953.0 institutions hold shares in Dow Inc (DOW), with institutional investors hold 70.27% of the company’s shares. The shares outstanding are 702.29M, and float is at 699.45M with Short Float at 1.83%. Institutions hold 70.14% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 81.86 million shares valued at $4.34 billion. The investor’s holdings represent 11.6191% of the DOW Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 51.06 million shares valued at $2.71 billion to account for 7.2475 of the shares outstanding. The other top investors are STATE STREET CORP which holds 34.5 million shares representing 4.8976% and valued at over $1.83 billion, while JPMORGAN CHASE & CO holds 2.8579 of the shares totaling 20.13 million with a market value of $1.07 billion.
Dow Inc (DOW) Insider Activity
The most recent transaction is an insider purchase by DAVIS RICHARD K, the company’s Director. SEC filings show that DAVIS RICHARD K bought 5,000 shares of the company’s common stock on Nov 16 ’23 at a price of $51.09 per share for a total of $0.26 million. Following the purchase, the insider now owns 33665.0 shares.
