CDW Corp (NASDAQ: CDW) is -21.62% lower on its value in year-to-date trading and has touched a low of $172.95 and a high of $263.37 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 CDW stock was last observed hovering at around $175.99 in the last trading session, with the day’s gains setting it 2.18%.
Currently trading at $178.17, the stock is -7.62% and -15.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.5 million and changing 1.24% at the moment leaves the stock -21.32% off its SMA200. CDW registered -17.83% loss for a year compared to 6-month loss of -23.06%. The firm has a 50-day simple moving average (SMA 50) of $211.1314 and a 200-day simple moving average (SMA200) of $226.75705.
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The stock witnessed a -18.14% gain in the last 1 month and extending the period to 3 months gives it a -22.45%, and is -1.44% 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 2.35% over the week and 2.57% over the month.
CDW Corp (CDW) has around 15100 employees, a market worth around $23.74B and $20.83B in sales. Current P/E ratio is 21.76 and Fwd P/E is 17.53. Profit margin for the company is 5.33%. Distance from 52-week low is 3.02% and -32.35% from its 52-week high. The company has generated returns on investments over the last 12 months (13.67%).
CDW Corp quarterly earnings per share for the current quarter are estimated at 2.33 with sales reaching $4.96B over the same period.The EPS is expected to shrink by -4.99% this year, but quarterly earnings will post -2.55% year-over-year. Quarterly sales are estimated to shrink -1.19% in year-over-year returns.
1274.0 institutions hold shares in CDW Corp (CDW), with institutional investors hold 96.66% of the company’s shares. The shares outstanding are 134.10M, and float is at 132.74M with Short Float at 2.84%. Institutions hold 96.34% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 16.48 million shares valued at $3.69 billion. The investor’s holdings represent 12.2604 of the CDW Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 10.87 million shares valued at $2.43 billion to account for 8.091 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 6.1 million shares representing 4.5392 and valued at over $1.37 billion, while STATE STREET CORP holds 4.2073 of the shares totaling 5.65 million with a market value of $1.27 billion.
CDW Corp (CDW) Insider Activity
The most recent transaction is an insider purchase by LEAHY CHRISTINE A, the company’s See Remarks. SEC filings show that LEAHY CHRISTINE A bought 1,200 shares of the company’s common stock on Aug 01 ’24 at a price of $216.15 per share for a total of $0.26 million. Following the purchase, the insider now owns 0.1 million shares.
CDW Corp disclosed in a document filed with the SEC on Aug 01 ’24 that MIRALLES ALBERT JOSEPH JR (See Remarks) bought a total of 1,050 shares of the company’s common stock. The trade occurred on Aug 01 ’24 and was made at $216.62 per share for $0.23 million. Following the transaction, the insider now directly holds 16876.0 shares of the CDW stock.
Still, SEC filings show that on Jul 16 ’24, Chawla Sona (See Remarks) disposed off 18,437 shares at an average price of $240.45 for $4.43 million. The insider now directly holds 22,428 shares of CDW Corp (CDW).
