A share price of Dnow Inc [DNOW] is currently trading at $13.29, down -0.08%. An important factor to consider is whether the stock is rising or falling in short-term value. The DNOW shares have gain 13.11% over the last week, with a monthly amount glided 32.37%, and seem to be holding up well over a long-time horizon.
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On 15, February 2024, DNOW Inc. Reports Fourth Quarter and Full-Year 2023 Results. In a post published today on Yahoo Finance, Earnings Conference CallFebruary 15, 20248:00 a.m. CT1 (888) 660-6431 (within North America)1 (929) 203-2118 (outside of North America)Access Code: 7372055Webcast: ir.dnow.com.
From an analyst’s perspective:
Dnow Inc [NYSE: DNOW] stock has seen the most recent analyst activity on July 08, 2022, when The Benchmark Company initiated its Buy rating and assigned the stock a price target of $13. Previously, Stephens upgraded its rating to Overweight on November 04, 2021, and kept the price target unchanged to $12. On July 16, 2021, upgrade upgraded it’s rating to Buy and revised its price target to $12 on the stock. JP Morgan downgraded its rating to a Underweight but stick to its price target of $5 on February 19, 2021. Cowen reiterated its recommendation of a Outperform and raised its price target to $13 on February 18, 2021. In a note dated July 10, 2020, Northland Capital initiated an Outperform rating and provided a target price of $9.50 on this stock.
Dnow Inc experienced fluctuations in its stock price throughout the past year between $8.83 and $13.55. Dnow Inc [NYSE: DNOW] shares were valued at $13.29 at the most recent close of the market.
Analyzing the DNOW fundamentals
Trailing Twelve Months sales for Dnow Inc [NYSE:DNOW] were 2.32B which represents 1.46% growth. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.09 points at the first support level, and at 12.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.47, and for the 2nd resistance point, it is at 13.65.
Dnow Inc [DNOW] reported earnings per share of $0.22 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.16/share, meaning a difference of $0.06 and a surprise factor of 37.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.25 per share as compared to estimates of $0.25 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Dnow Inc [NYSE:DNOW] is 2.56. On the other hand, the Quick Ratio is 1.68, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.61, the price to book ratio is 1.33 and price to earnings (TTM) ratio is 5.90.
