Dnow Inc (NYSE: DNOW) is 32.05% higher on its value in year-to-date trading and has touched a low of $9.67 and a high of $18.45 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 $16.98 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $17.18, the stock is 16.45% and 21.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing 1.18% at the moment leaves the stock 26.42% off its SMA200. DNOW registered 80.27% gain for a year compared to 6-month gain of 37.66%. The firm has a 50-day simple moving average (SMA 50) of $14.1166 and a 200-day simple moving average (SMA200) of $13.58955.
The stock witnessed a 27.35% loss in the last 1 month and extending the period to 3 months gives it a 15.22%, and is 22.10% up 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 5.30% over the week and 3.58% over the month.
Dnow Inc (DNOW) has around 2475 employees, a market worth around $1.82B and $2.37B in sales. Current P/E ratio is 23.19 and Fwd P/E is 17.27. Profit margin for the company is 3.37%. Distance from 52-week low is 77.66% and -6.88% from its 52-week high. The company has generated returns on investments over the last 12 months (6.94%).
The EPS is expected to shrink by -5.49% this year.
Dnow Inc (DNOW) Top Institutional Holders
368.0 institutions hold shares in Dnow Inc (DNOW), with institutional investors hold 104.36% of the company’s shares. The shares outstanding are 105.65M, and float is at 103.34M with Short Float at 1.84%. Institutions hold 101.99% 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 6.5952% 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
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Dnow Inc disclosed in a document filed with the SEC on Nov 27 ’24 that COPPINGER PAUL M (Director) sold a total of 26,186 shares of the company’s common stock. The trade occurred on Nov 27 ’24 and was made at $15.35 per share for $0.4 million. Following the transaction, the insider now directly holds 56568.0 shares of the DNOW stock.
Still, SEC filings show that on Aug 12 ’24, Surratt Fanny R. disposed off 3,500 shares at an average price of $12.66 for $44310.0. The insider now directly holds 43,648 shares of Dnow Inc (DNOW).
