Dow Inc. (NYSE:DOW) has a beta value of 0 and has seen 6,901,497 shares traded in the last trading session. The company, currently valued at $49.47 Billion, closed the last trade at $66.22 per share which meant it gained $1.67 on the day or 2.59% during that session. The DOW stock price is -1.59% off its 52-week high price of $67.27 and 55.27% above the 52-week low of $29.62. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.29 Million shares traded. The 3-month trading volume is 4.43 Million shares.
The consensus among analysts is that Dow Inc. (DOW) is an Overweight stock at the moment, with a recommendation rating of 2.7. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 13 out of 22 have rated it as a Hold, with 8 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $1.96.
Dow Inc. (NYSE:DOW) trade information
Sporting 2.59% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, May 04 when the DOW stock price touched $66.27- or saw a rise of 0.08%. Year-to-date, Dow Inc. shares have moved 19.32%, while the 5-day performance has seen it change 5.7%. Over the past 30 days, the shares of Dow Inc. (NYSE:DOW) have changed 2.51%. Short interest in the company has seen 9.97 Million shares shorted with days to cover at 2.25.
Wall Street analysts have a consensus price target for the stock at $67.05, which means that the shares’ value could jump 1.25% from current levels. The projected low price target is $50 while the price target rests at a high of $80. In that case, then, we find that the current price level is +20.81% off the targeted high while a plunge would see the stock lose -24.49% from current levels.
Dow Inc. (DOW) estimates and forecasts
Figures show that Dow Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +45.57% over the past 6 months, with this year growth rate of 261.45%, compared to 19.8% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 853.8% and 206% for the next quarter. Revenue growth from the last financial year stood is estimated to be +24.9%.
11 analysts offering their estimates for the company have set an average revenue estimate of $12.61 Billion for the current quarter. 10 have an estimated revenue figure of $11.91 Billion for the next quarter concluding in September 01, 2021. Year-ago sales stood $8.01 Billion and $9.52 Billion respectively for this quarter and the next, and analysts expect sales will grow by 57.4% for the current quarter and 25.1% for the next.
Earnings growth for 2021 is a modest +167.4% while over the next 5 years, the company’s earnings are expected to increase by -5.43%.
Dow Inc. is expected to release its next earnings report between July 21 and July 26 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.8 at a share yield of 4.37%.
Dow Inc. (NYSE:DOW)’s Major holders
Insiders own 0.14% of the company shares, while shares held by institutions stand at 68.39% with a share float percentage of 68.49%. Investors are also buoyed by the number of investors in a company, with Dow Inc. having a total of 1654 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc. (The) with over 60.01 Million shares worth more than $3.33 Billion. As of December 30, 2020, Vanguard Group Inc. (The) held 8.03% of shares outstanding.
The other major institutional holder is Capital World Investors, with the holding of over 53.65 Million shares as of December 30, 2020. The firm’s total holdings are worth over $2.98 Billion and represent 7.18% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Washington Mutual Investors Fund and Vanguard Total Stock Market Index Fund. As of March 30, 2021, the former fund manager holds about 4.46% shares in the company for having 33316289 shares of worth $2.13 Billion while later fund manager owns 20.88 Million shares of worth $1.16 Billion as of December 30, 2020, which makes it owner of about 2.79% of company’s outstanding stock.