Dnow Inc (NYSE:DNOW) shares, rose in value on Friday, March 28, with the stock price down by -1.45% to the previous day’s close as strong demand from buyers drove the stock to $17.05.
Actively observing the price movement in the last trading, the stock closed the session at $17.30, falling within a range of $16.87 and $17.2918. The value of beta (5-year monthly) was 1.519 whereas the PE ratio was 22.86 over 12-month period. Referring to stock’s 52-week performance, its high was $18.45, and the low was $11.42. On the whole, DNOW has fluctuated by 6.56% over the past month.
With the market capitalization of Dnow Inc currently standing at about $1.80 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-12.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.48B, with a low estimate of 583.5M and a high estimate of 592M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 587.17M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DNOW’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% 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 3.19, with the price of DNOW currently trading nearly 8.68% and 10.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.46, while the 7-day volatility ratio is showing 2.64% which for the 30-day chart, stands at 3.28%. Furthermore, Dnow Inc (DNOW)’s beta value is 1.23, and its average true range (ATR) is 0.56.
A comparison of Dnow Inc (DNOW) with its peers suggests the former has fared considerably weaker in the market. DNOW showed an intraday change of -1.45% in last session, and over the past year, it grew by 13.59%%.
Data on historical trading for Dnow Inc (NYSE:DNOW) indicates that the trading volumes over the past 10 days have averaged 1.52 and over the past 3 months, they’ve averaged 1.13 million. According to company’s latest data on outstanding shares, there are 105.65 million shares outstanding.
Nearly 2.28% of Dnow Inc’s shares belong to company insiders and institutional investors own 100.11% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.73 million shares as on 2025-03-14, resulting in a short ratio of 3.5. According to the data, the short interest in Dnow Inc (DNOW) stood at 505.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 2.71 million. The stock has risen by 31.05% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DNOW stock heading into the next quarter.
