In the latest trading session, 2.11 million Dow Inc (NYSE:DOW) shares changed hands as the company’s beta touched 1.17. With the company’s most recent per share price at $42.54 changed hands at -$1.33 or -3.02% at last look, the market valuation stands at $29.79B. DOW’s current price is a discount, trading about -42.67% off its 52-week high of $60.69. The share price had its 52-week low at $43.33, which suggests the last value was -1.86% down since then. When we look at Dow Inc’s average trading volume, we note the 10-day average is 6.86 million shares, with the 3-month average coming to 5.69 million.

Analysts gave the Dow Inc (DOW) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.62. If we narrow down to specifics, the data shows that 1 out of 13 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended DOW as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Dow Inc’s EPS for the current quarter is expected to be 0.34.

Dow Inc (NYSE:DOW) trade information

Instantly DOW was in red as seen in intraday trades today. With action -4.48%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -22.42%, with the 5-day performance at -4.48% in the red. However, in the 30-day time frame, Dow Inc (NYSE:DOW) is -11.27% down. Looking at the short shares, we see there were 14.93 million shares sold at short interest cover period of 2.19 days.

The consensus price target for the stock as assigned by Wall Street analysts is 55, meaning bulls need an upside of 22.65% from its recent market value. According to analyst projections, DOW’s forecast low is 52 with 60 as the target high. To hit the forecast high, the stock’s price needs a -41.04% plunge from its current level, while the stock would need to soar -22.24% for it to hit the projected low.

Dow Inc (DOW) estimates and forecasts

Data shows that the Dow Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -23.60% over the past 6 months, a -6.25% in annual growth rate that is considerably lower than the industry average of 3.50%. Year-over-year growth is forecast to reach -3.22% down from the last financial year.

Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of 10.64B. 7 analysts are of the opinion that Dow Inc’s revenue for the current quarter will be 10.99B. The company’s revenue for the corresponding quarters a year ago was 10.62B and 10.77B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.20%. The estimates for the next quarter sales put growth at 2.08%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -33.38%. The 2024 estimates are for Dow Inc earnings to decrease by -7.39%, but the outlook for the next 5-year period is at 13.13% per year.

DOW Dividends

Dow Inc is expected to release its next quarterly earnings report in January. The 6.58% annual yield figure for the share gives it an annual dividend of 2.80. It is important to note, however, that the 6.58% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 5.34 per year.

Dow Inc (NYSE:DOW)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.19% of Dow Inc shares while 71.02% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 71.15%. There are 71.02% institutions holding the Dow Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.6306% of the shares, roughly 81.86 million DOW shares worth $4.34 billion.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.2475% or 51.06 million shares worth $2.71 billion as of 2024-06-30.