Currently, Dnow Inc [DNOW] is trading at $11.83, up 1.63%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DNOW shares have lost -0.17% over the last week, with a monthly amount drifted -7.22%, and not seem to be holding up well over a long-time horizon.
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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.
This stock has fluctuated between a low of $9.44 and a high of $15.65 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $18 within the next 12 months. Dnow Inc [NYSE: DNOW] shares were valued at $11.83 at the most recent close of the market. An investor can expect a potential return of 52.16% based on the average DNOW price forecast.
Analyzing the DNOW fundamentals
Trailing Twelve Months sales for Dnow Inc [NYSE:DNOW] were 2.34B which represents 6.57% growth. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.22 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
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 11.61 points at the first support level, and at 11.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.97, and for the 2nd resistance point, it is at 12.12.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Dnow Inc [NYSE:DNOW] is 2.48. As well, the Quick Ratio is 1.51, while the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 0.54, the price to book ratio is 1.15 and price to earnings (TTM) ratio is 5.69.
Transactions by insiders
Recent insider trading involved Surratt Fanny R., that happened on Aug 12 ’24 when 3500.0 shares were sold. VP and General Counsel, Chang Raymond W completed a deal on May 14 ’24 to sell 93284.0 shares. Meanwhile, President and CEO Cherechinsky David A sold 0.12 million shares on May 14 ’24.
