Dow Inc (NYSE: DOW) is -8.63% lower on its value in year-to-date trading and has touched a low of $47.40 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 $49.70 in the last trading session, with the day’s gains setting it 0.41%.
Currently trading at $50.11, the stock is -5.41% and -4.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.46 million and changing 0.82% at the moment leaves the stock -8.67% off its SMA200. DOW registered 4.35% gain for a year compared to 6-month loss of -13.30%. The firm has a 50-day simple moving average (SMA 50) of $52.6722 and a 200-day simple moving average (SMA200) of $54.8653.
The stock witnessed a -9.02% gain in the last 1 month and extending the period to 3 months gives it a -6.67%, and is -4.02% 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 1.88% over the week and 1.59% over the month.
Dow Inc (DOW) has around 35900 employees, a market worth around $35.12B and $43.18B in sales. Current P/E ratio is 33.59 and Fwd P/E is 15.69. Profit margin for the company is 2.44%. Distance from 52-week low is 5.72% and -17.43% from its 52-week high. The company has generated returns on investments over the last 12 months (2.96%).
with sales reaching $10.67B over the same period.The EPS is expected to shrink by -3.67% this year, but quarterly earnings will post -3.20% year-over-year. Quarterly sales are estimated to grow 0.50% in year-over-year returns.
Dow Inc (DOW) Top Institutional Holders
1904.0 institutions hold shares in Dow Inc (DOW), with institutional investors hold 70.81% of the company’s shares. The shares outstanding are 702.29M, and float is at 699.45M with Short Float at 2.39%. Institutions hold 70.68% 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.
