NOW Inc (NYSE: DNOW) stock closed at $13.75 on 11/6/24 after a major increase of 13.2%. Moreover, this advance was accompanied by unusually high trading volume at 176% of normal. The stock has risen 18.0% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
DNOW’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
NOW has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. NOW has a slightly positive Appreciation Score of 62 but a poor Power Rating of 19, resulting in the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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