On Tuesday, CDW Corp (NASDAQ: CDW) opened lower -3.53% from the last session, before settling in for the closing price of $225.64. Price fluctuations for CDW have ranged from $185.04 to $263.37 over the past 52 weeks.
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Annual sales at Technology sector company grew by 6.05% over the past five years. Company’s average yearly earnings per share was noted 0.80% at the time writing. With a float of $133.14 million, this company’s outstanding shares have now reached $134.10 million.
Let’s look at the performance matrix of the company that is accounted for 15100 employees. In terms of profitability, gross margin is 22.28%, operating margin of 8.0%, and the pretax margin is 6.96%.
CDW Corp (CDW) Insider Updates
A key investor’s attitude towards the stock of the Information Technology Services industry is another important factor to consider. The insider ownership of CDW Corp is 0.32%, while institutional ownership is 92.60%. The most recent insider transaction that took place on Aug 01 ’24, was worth 259,380. In this transaction an insider of this company bought 1,200 shares at a rate of $216.15, taking the stock ownership to the 102,200 shares. Before that another transaction happened on Aug 01 ’24, when Company’s insider bought 1,050 for $216.62, making the entire transaction worth $227,449. This insider now owns 16,876 shares in total.
CDW Corp (CDW) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 2.72 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 2.6) by 0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.69 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 0.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.90% during the next five years compared to 14.12% growth over the previous five years of trading.
CDW Corp (NASDAQ: CDW) Trading Performance Indicators
Check out the current performance indicators for CDW Corp (CDW). In the past quarter, the stock posted a quick ratio of 1.02. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.39. Likewise, its price to free cash flow for the trailing twelve months is 19.95.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.16, a number that is poised to hit 2.86 in the next quarter and is forecasted to reach 10.92 in one year’s time.
Technical Analysis of CDW Corp (CDW)
CDW Corp (NASDAQ: CDW) saw its 5-day average volume 0.94 million, a positive change from its year-to-date volume of 0.84 million. As of the previous 9 days, the stock’s Stochastic %D was 40.03%. Additionally, its Average True Range was 4.96.
During the past 100 days, CDW Corp’s (CDW) raw stochastic average was set at 27.07%, which indicates a significant increase from 20.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.36% in the past 14 days, which was lower than the 29.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $222.75, while its 200-day Moving Average is $229.39. Nevertheless, the first resistance level for the watch stands at $223.13 in the near term. At $228.58, the stock is likely to face the second major resistance level. The third major resistance level sits at $231.83. If the price goes on to break the first support level at $214.43, it is likely to go to the next support level at $211.18. Assuming the price breaks the second support level, the third support level stands at $205.73.
CDW Corp (NASDAQ: CDW) Key Stats
There are currently 134,398K shares outstanding in the company with a market cap of 29.08 billion. Presently, the company’s annual sales total 21,376 M according to its annual income of 1,104 M. Last quarter, the company’s sales amounted to 5,423 M and its income totaled 281,100 K.
