Is There More Upside Ahead For Dow Inc (NYSE: DOW)

Dow Inc (DOW) concluded trading on Wednesday at a closing price of $58.85, with 4.25 million shares of worth about $250.22 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.82% during that period and on April 10, 2024 the price saw a loss of about -1.70%. Currently the company’s common shares owned by public are about 702.29M shares, out of which, 701.87M shares are available for trading.

Stock saw a price change of -1.90% in past 5 days and over the past one month there was a price change of 2.47%. Year-to-date (YTD), DOW shares are showing a performance of 7.31% which increased to 5.45% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $47.26 but also hit the highest price of $60.69 during that period. The average intraday trading volume for Dow Inc shares is 5.17 million. The stock is currently trading 1.09% above its 20-day simple moving average (SMA20), while that difference is up 4.40% for SMA50 and it goes to 9.96% higher than SMA200.

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Dow Inc (NYSE: DOW) currently have 702.29M outstanding shares and institutions hold larger chunk of about 65.56% of that.

The stock has a current market capitalization of $41.39B and its 3Y-monthly beta is at 1.30. PE ratio of stock for trailing 12 months is 72.31, while it has posted earnings per share of $0.81 in the same period. Its PEG reads 2.45 and has Quick Ratio of 1.16 while making debt-to-equity ratio of 0.88. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DOW, volatility over the week remained 1.70% while standing at 1.65% over the month.

Analysts are in expectations that Dow Inc (DOW) stock would likely to be making an EPS of $0.45 in the current quarter, while forecast for next quarter EPS is $0.76 and it is $4.32 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.41 which is $0.54 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.58 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 34.14% while it is estimated to increase by 43.23% in next year. EPS is likely to grow at an annualized rate of 29.52% for next 5-years, compared to annual growth of -33.38% made by the stock over the past 5-years.

Coverage by BofA Securities stated Dow Inc (DOW) stock as a Buy in their note to investors on January 16, 2024, suggesting a price target of $60 for the stock. Stock get a Neutral rating from BofA Securities on October 18, 2023.

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