Dow Inc. (NYSE:DOW) has seen 3.31 million shares traded in the recent trading session. The company, currently valued at $42.83B, closed the recent trade at $58.73 per share which meant it gained $1.92 on the day or 3.38% during that session. The DOW stock price is -21.54% off its 52-week high price of $71.38 and 24.52% above the 52-week low of $44.33. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.68 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 2.70. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 13 out of 24 have rated it as a Hold, with 8 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $2.54.
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Sporting 3.38% in the green today, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/24/21 when the DOW stock price touched $58.73 or saw a fall of -0.57%. Year-to-date, Dow Inc. shares have moved 2.36%, while the 5-day performance has seen it change -1.63%. Over the past 30 days, the shares of Dow Inc. (NYSE:DOW) have changed -11.05%. Short interest in the company has seen 10.47 million shares shorted with days to cover at 2.84.
Wall Street analysts have a consensus price target for the stock at $70.10, which means that the shares’ value could jump 16.22% from the levels at last check today. The projected low price target is $54.00 while the price target rests at a high of $85.00. In that case, then, we find that the latest price level in today’s session is -44.73% off the targeted high while a plunge would see the stock lose 8.05% from the levels at last check today.
Dow Inc. (DOW) estimates and forecasts
Figures show that Dow Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -11.22% over the past 6 months, with this year growth rate of 410.24%, compared to 22.20% 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 408.00% and 132.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 37.10%.
12 analysts offering their estimates for the company have set an average revenue estimate of $14.27 billion for the current quarter. 11 have an estimated revenue figure of $12.99 billion for the next quarter concluding in Dec 2021. Year-ago sales stood $9.52 billion and $10.71 billion respectively for this quarter and the next, and analysts expect sales will grow by 49.90% for the current quarter and 21.30% for the next.
Earnings growth for 2021 is a modest 167.40% while over the next 5 years, the company’s earnings are expected to decrease by -5.43%.
Dow Inc. is expected to release its next earnings report between October 20 and October 25 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.80 at a share yield of 4.93%. The company’s dividend yield has gone up over the past 12 months.
Dow Inc. (NYSE:DOW)’s Major holders
Insiders own 0.14% of the company shares, while shares held by institutions stand at 69.10% with a share float percentage of 69.19%. Investors are also buoyed by the number of investors in a company, with Dow Inc. having a total of 1,759 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 63.17 million shares worth more than $4.0 billion. As of Jun 29, 2021, Vanguard Group, Inc. (The) held 8.47% of shares outstanding.
The other major institutional holder is Capital World Investors, with the holding of over 53.28 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $3.37 billion and represent 7.14% 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 Jun 29, 2021, the former fund manager holds about 4.27% shares in the company for having 31.86 million shares of worth $2.02 billion while later fund manager owns 21.05 million shares of worth $1.33 billion as of Jun 29, 2021, which makes it owner of about 2.82% of company’s outstanding stock.