NOW Inc. (NYSE:DNOW) Signals Intraday Volatility – Down $1.16


NOW Inc. (NYSE:DNOW) is at $11.36 with a low of $11.01 and a high of $12.54. This difference between the high and low tags the stock as one of the day’s most volatile.

$11.01 is the stock’s new 52 week low. It is one of the market’s biggest losers today. Company shares are trading at $11.36 which is significantly lower than the 50 day moving average of $13.00 and quite a bit below the 200 day moving average of $14.83. The 50 day moving average went down by -12.59% and the 200 day average moved down $-3.47.

Short Interest

Investors are more bearish on shares of the company at least if you consider the change in short interest. The company had a rise in short interest between September 29, 2017 and October 13, 2017 of 11.40%. Short shares increased 1,205,901 over that timeframe. The days to cover increased to 10.0 and the percentage of shorted shares was 0.11% on October 13.

Recent Analyst Ratings

September 12 investment analysts at JP Morgan made no change to the company rating of “Neutral” and moved down the price target to $12.00 from $14.00. As of the last earnings report the EPS was $-1.56 and is projected to be $-0.26 for the current year with 107,721,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.02 and the next full year EPS is projected to be $0.33.

Company Information

NOW Inc. (NOW), launched on November 22, 2013, is a global distributor to the oil and gas and industrial markets. The Company operates under the DistributionNOW and Wilson Export brands. The Business’s segments include the United States, Canada and International. As of December 31, 2016, through the Business’s network of approximately 300 locations across the world, it stocked and sold an offering of energy products, as well as selection of products for industrial applications. NOW’s energy product offerings are used in the oil and gas industry, including upstream drilling and completion, exploration and production, midstream infrastructure development and downstream petroleum refining, as well as in other industries, such as chemical processing, mining, utilities, industrial and manufacturing operations. NOW also provides supply chain management to drilling contractors, exploration and production (E&P) operators, midstream operators, downstream energy and industrial manufacturing companies..