Dow Inc (NYSE:DOW) shares, rose in value on Wednesday, January 22, with the stock price down by -1.83% to the previous day’s close as strong demand from buyers drove the stock to $40.82.
Actively observing the price movement in the last trading, the stock closed the session at $41.58, falling within a range of $40.81 and $41.465. The value of beta (5-year monthly) was 1.222 whereas the PE ratio was 27.36 over 12-month period. Referring to stock’s 52-week performance, its high was $60.69, and the low was $38.33. On the whole, DOW has fluctuated by 1.67% over the past month.
With the market capitalization of Dow Inc currently standing at about $28.58 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 2.80, with its dividend yield at 6.86%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 43.09B, with a low estimate of 10.08B and a high estimate of 10.72B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 10.54B.
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% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.03, with the price of DOW currently trading nearly 2.07% and -3.05% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.79, while the 7-day volatility ratio is showing 1.60% which for the 30-day chart, stands at 1.95%. Furthermore, Dow Inc (DOW)’s beta value is 1.17, and its average true range (ATR) is 0.83.
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 -1.83% in last session, and over the past year, it shrunk by -22.70%%.
Data on historical trading for Dow Inc (NYSE:DOW) indicates that the trading volumes over the past 10 days have averaged 6.4 and over the past 3 months, they’ve averaged 7.54 million. According to company’s latest data on outstanding shares, there are 700.09 million shares outstanding.
Nearly 0.24% of Dow Inc’s shares belong to company insiders and institutional investors own 69.82% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.1 million shares as on 2024-12-31, resulting in a short ratio of 1.76. According to the data, the short interest in Dow Inc (DOW) stood at 216.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 15.4 million. The stock has risen by 1.72% 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.
