A new trading day began on Tuesday, with Dnow Inc (NYSE: DNOW) stock price down -3.41% from the previous day of trading, before settling in for the closing price of $14.09. DNOW’s price has ranged from $9.24 to $15.57 over the past 52 weeks.
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A company in the Industrials sector has dropped its sales by -2.08% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 2.58%. With a float of $104.67 million, this company’s outstanding shares have now reached $106.26 million.
In an organization with 2475 employees, it is important to assess its efficiency.
Dnow Inc (DNOW) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Industrial Machinery Industry. The insider ownership of Dnow Inc is 2.00%, while institutional ownership is 97.63%. The most recent insider transaction that took place on May 14 ’24, was worth 1,681,065. In this transaction President and CEO of this company sold 123,881 shares at a rate of $13.57, taking the stock ownership to the 775,559 shares. Before that another transaction happened on May 14 ’24, when Company’s VP and General Counsel sold 93,284 for $13.51, making the entire transaction worth $1,260,267. This insider now owns 283,837 shares in total.
Dnow Inc (DNOW) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 2.58% per share during the next fiscal year.
Dnow Inc (NYSE: DNOW) Trading Performance Indicators
Here are Dnow Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.34. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.63. Likewise, its price to free cash flow for the trailing twelve months is 5.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.17, a number that is poised to hit 0.24 in the next quarter and is forecasted to reach 1.11 in one year’s time.
Technical Analysis of Dnow Inc (DNOW)
Let’s dig in a bit further. During the last 5-days, its volume was 0.72 million. That was inferior than the volume of 1.01 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 46.48%. Additionally, its Average True Range was 0.49.
During the past 100 days, Dnow Inc’s (DNOW) raw stochastic average was set at 67.97%, which indicates a significant increase from 15.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.99% in the past 14 days, which was lower than the 45.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.54, while its 200-day Moving Average is $12.18. However, in the short run, Dnow Inc’s stock first resistance to watch stands at $13.89. Second resistance stands at $14.18. The third major resistance level sits at $14.42. If the price goes on to break the first support level at $13.37, it is likely to go to the next support level at $13.13. The third support level lies at $12.84 if the price breaches the second support level.
Dnow Inc (NYSE: DNOW) Key Stats
With a market capitalization of 1.45 billion, the company has a total of 106,800K Shares Outstanding. Currently, annual sales are 2,321 M while annual income is 247,000 K. The company’s previous quarter sales were 563,000 K while its latest quarter income was 21,000 K.
