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Dow Inc. (NYSE: DOW): Finding Hidden Gems Among Volatility

The trading price of Dow Inc. (NYSE:DOW) closed higher on Tuesday, May 23, closing at $51.96, 0.37% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $51.45 and $52.32. The company’s P/E ratio in the trailing 12-month period was 12.98, while its 5Y monthly beta was 1.32. In examining the 52-week price action we see that the stock hit a 52-week high of $69.79 and a 52-week low of $42.91. Over the past month, the stock has lost -6.19% in value.

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Dow Inc., whose market valuation is $36.70 billion at the time of this writing, is expected to release its quarterly earnings report Jul 19, 2023 – Jul 24, 2023. The dividend yield on the company stock is 5.39%, while its Forward Dividend ratio is 2.80. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.72 per share this quarter, however they have predicted annual earnings per share of $3.19 for 2023 and $4.79 for 2024. It means analysts are expecting annual earnings per share growth of -49.00% this year and 50.20% next year.

Analysts have forecast the company to bring in revenue of $12.14 billion for the current quarter, with the likely lows of $11.95 billion and highs of $12.45 billion. The average estimate suggests sales will likely down by -22.50% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2023 is $49.04 billion. The company’s revenue is forecast to drop by -13.80% over what it did in 2023.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Dow Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest DOW has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Sell.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned DOW a recommendation rating is 26. Out of them, 19 rate it a Hold, while 5 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Dow Inc. (DOW) as Underweight, while 2 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

A quick review shows that DOW’s price is currently -1.77% off the SMA20 and -2.94% off the SMA50. The RSI metric on the 14-day chart is currently showing 40.95, and weekly volatility stands at 1.63%. When measured over the past 30 days, the indicator reaches 2.06%. Dow Inc. (NYSE:DOW)’s beta value is currently sitting at 1.33, while the Average True Range indicator is currently displaying 1.07.

To see how Dow Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: DOW stock’s performance was 0.37% in the latest trading, and -23.71% in the past year, while Linde plc (LIN) has traded -3.40% on the day and positioned 12.30% higher than it was a year ago. Another comparable company Air Products and Chemicals Inc. (APD) saw its stock close -1.27% lower in the most recent trading session but was up 14.27% in a year. Dow Inc. has a P/E ratio of 12.98, compared to Linde plc’s 39.32 and Air Products and Chemicals Inc.’s 27.91. Also in last trading session, the S&P 500 Index has plunged -1.12%, while the Dow Jones Industrial also saw a negative session, down -0.69% on the day.

An evaluation of the daily trading volume of Dow Inc. (NYSE:DOW) indicates that the 3-month average is 4.76 million. However, this figure has increased over the past 10 days to an average of 4.11 million.

Currently, records show that 708.20 million of the company’s shares remain outstanding. The insiders hold 0.10% of outstanding shares, whereas institutions hold 65.60%. The stats also highlight that short interest as of Apr 27, 2023, stood at 9.25 million shares, resulting in a short ratio of 2.05 at that time. From this, we can conclude that short interest is 1.31% of the company’s total outstanding shares. It is noteworthy that short shares in April were down slightly from the previous month’s figure, which was 9.99 million. However, since the stock’s price has seen 3.12% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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