At the time of writing, Dow Inc [DOW] stock is trading at $56.49, down -0.58%. An important factor to consider is whether the stock is rising or falling in short-term value. The DOW shares have lost -3.37% over the last week, with a monthly amount drifted -0.48%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, BofA Securities upgraded its rating to Buy on January 16, 2024, and elevated its price target to $60. On January 10, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $58 on the stock. Argus downgraded its rating to a Hold. BofA Securities upgraded its rating to a Neutral and raised its price target to $59 on October 18, 2023. KeyBanc Capital Markets upgraded its rating to Sector Weight for this stock on October 03, 2023. In a note dated September 25, 2023, JP Morgan upgraded an Overweight rating on this stock but restated the target price of $55.
For the past year, the stock price of Dow Inc fluctuated between $47.26 and $60.69. Currently, Wall Street analysts expect the stock to reach $63.39 within the next 12 months. Dow Inc [NYSE: DOW] shares were valued at $56.49 at the most recent close of the market. An investor can expect a potential return of 12.21% based on the average DOW price forecast.
Analyzing the DOW fundamentals
According to Dow Inc [NYSE:DOW], the company’s sales were 44.62B for trailing twelve months, which represents an -10.44% plunge. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.88.
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 55.92 points at the first support level, and at 55.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.18, and for the 2nd resistance point, it is at 57.87.
Ratios To Look Out For
It is important to note that Dow Inc [NYSE:DOW] has a current ratio of 1.77. On the other hand, the Quick Ratio is 1.16, and the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 0.89, the price to book ratio is 2.13 and price to earnings (TTM) ratio is 69.41.
Transactions by insiders
Recent insider trading involved DAVIS RICHARD K, Director, that happened on Nov 16 ’23 when 5000.0 shares were purchased. Director, Dial Debra L. completed a deal on Apr 28 ’23 to buy 400.0 shares.
