Dow Inc (NYSE:DOW) shares, rose in value on Thursday, April 25, with the stock price down by -1.54% to the previous day’s close as strong demand from buyers drove the stock to $56.10.
Actively observing the price movement in the recent trading, the stock is buoying the session at $56.98. The PE ratio was 68.93 over 12-month period. Referring to stock’s 52-week performance, its high was $60.69, and the low was $47.26. On the whole, DOW has fluctuated by -1.70% over the past month.
The company’s Forward Dividend Ratio is 2.80, with its dividend yield at 4.99%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 45.48B, with a low estimate of 10.51B and a high estimate of 11.08B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 10.74B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DOW’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.33, with the price of DOW currently trading nearly -3.48% and -1.76% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.45, while the 7-day volatility ratio is showing 1.56% which for the 30-day chart, stands at 1.59%. Furthermore, Dow Inc (DOW)’s beta value is 1.30, and its average true range (ATR) is 1.10.
A comparison of Dow Inc (DOW) with its peers suggests the former has fared considerably weaker in the market. DOW showed an intraday change of -1.54% in today’s session so far, and over the past year, it grew by 6.86%%.
Data on historical trading for Dow Inc (NYSE:DOW) indicates that the trading volumes over the past 3 months, they’ve averaged 4.99 million. According to company’s latest data on outstanding shares, there are 702.29 million shares outstanding.
Nearly 0.23% of Dow Inc’s shares belong to company insiders and institutional investors own 67.31% of the company’s shares. The stock has risen by 2.30% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DOW stock heading into the next quarter.
