Now Inc Stock Price on February 28, 2024
| DNOW Stock | USD 14.26 0.37 2.66% |
Below is the normalized historical share price chart for Now Inc extending back to May 20, 2014. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Now stands at 14.26, as last reported on the 3rd of May, with the highest price reaching 14.31 and the lowest price hitting 14.01 during the day.
If you're considering investing in Now Stock, it is important to understand the factors that can impact its price. Now appears to be not too volatile, given 3 months investment horizon. Now Inc has Sharpe Ratio of 0.22, which conveys that the firm had a 0.22% return per unit of risk over the last 3 months. By analyzing Now's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please exercise Now's Downside Deviation of 1.78, mean deviation of 1.93, and Risk Adjusted Performance of 0.1189 to check out if our risk estimates are consistent with your expectations.
At this time, Now's Common Stock Shares Outstanding is fairly stable compared to the past year. Other Stockholder Equity is likely to climb to about 2.2 B in 2024, whereas Total Stockholder Equity is likely to drop slightly above 1 B in 2024. . At this time, Now's Price To Sales Ratio is fairly stable compared to the past year. Price Book Value Ratio is likely to climb to 1.46 in 2024, whereas Price Earnings Ratio is likely to drop 4.68 in 2024. Now Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date | 200 Day MA 11.8201 | 50 Day MA 14.5886 | Beta 1.484 |
Now |
Sharpe Ratio = 0.2169
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | DNOW | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.11 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.67 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 16 84% of assets perform better |
Based on monthly moving average Now is performing at about 16% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Now by adding it to a well-diversified portfolio.
Price Book 1.504 | Enterprise Value Ebitda 8.0495 | Price Sales 0.6869 | Shares Float 104.1 M | Wall Street Target Price 16.67 |
Now Valuation on February 28, 2024
It is possible to determine the worth of Now on a given historical date. On February 28, 2024 Now was worth 13.73 at the beginning of the trading date compared to the closed value of 14.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Now stock. Still, in general, we apply an absolute valuation method to find Now's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Now where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Now's related companies.
| Open | High | Low | Close | Volume | |
| 13.65 | 14.06 | 13.43 | 13.84 | 1,262,854 | |
02/28/2024 | 13.73 | 14.21 | 13.61 | 14.18 | 1,220,321 |
| 14.40 | 14.45 | 14.10 | 14.15 | 1,444,320 |
| Backtest Now | | | Now History | | | Now Valuation | Previous | Next |
Now Trading Date Momentum on February 28, 2024
| On February 29 2024 Now Inc was traded for 14.15 at the closing time. The top price for the day was 14.45 and the lowest listed price was 14.10 . The trading volume for the day was 1.4 M. The trading history from February 29, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.21% . The trading delta at closing time against the current closing price is 3.24% . |
Now Inc Fundamentals Correlations and Trends
By evaluating Now's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Now's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Now financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Now Stock history
Now investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Now is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Now Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Now stock prices may prove useful in developing a viable investing in Now
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 108.4 M | 119.2 M | |
| Net Income Applicable To Common Shares | 115.2 M | 121 M |
Now Quarterly Net Working Capital |
|
Now Stock Technical Analysis
Now technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Now Period Price Range
Low | February 28, 2024
| High |
13.73 | 14.18 |
Now May 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Now stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Now shares will generate the highest return on investment. By undertsting and applying Now stock market strength indicators, traders can identify Now Inc entry and exit signals to maximize returns
| Accumulation Distribution | 51526.57 | |||
| Daily Balance Of Power | 0.75 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 13.91 | |||
| Day Typical Price | 14.0 | |||
| Price Action Indicator | 0.49 | |||
| Period Momentum Indicator | 0.08 |
Now Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Now's price direction in advance. Along with the technical and fundamental analysis of Now Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Now to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1189 | |||
| Jensen Alpha | 0.4125 | |||
| Total Risk Alpha | 0.3064 | |||
| Sortino Ratio | 0.2688 | |||
| Treynor Ratio | 0.2128 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Now Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Now Stock analysis
When running Now's price analysis, check to measure Now's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Now is operating at the current time. Most of Now's value examination focuses on studying past and present price action to predict the probability of Now's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Now's price. Additionally, you may evaluate how the addition of Now to your portfolios can decrease your overall portfolio volatility.
| Transaction History View history of all your transactions and understand their impact on performance | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios |
Is Now's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Now. If investors know Now will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Now listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.812 | Earnings Share 2.24 | Revenue Per Share 21.612 | Quarterly Revenue Growth 0.015 | Return On Assets 0.0645 |
The market value of Now Inc is measured differently than its book value, which is the value of Now that is recorded on the company's balance sheet. Investors also form their own opinion of Now's value that differs from its market value or its book value, called intrinsic value, which is Now's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Now's market value can be influenced by many factors that don't directly affect Now's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Now's value and its price as these two are different measures arrived at by different means. Investors typically determine if Now is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Now's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.