CDW Corporation (NASDAQ:CDW) went up by 0.05% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Information Technology Services giant went up by $117.24 to trade ended Thursday trading at $117.18. This is up from the $117.18 price recorded on Wednesday’s trading session. Thanks to this latest performance, CDW is closer to the higher price 52-week target of $135.00 and further from the lowest price target of $100.00. Its performance from the start of the year has also been negative, with CDW down by -17.92% year-to-date.
CDW Corporation (CDW) started the day trading at $116.54 and recorded an intraday high of $117.56. It also recorded an intraday low of $115.64 during Thursday’s trading session. CDW Corporation is a very active stock that recorded a trading volume that is less than -63.64% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 702758, which is less than -63.64 of the total average daily trading volume of 1.15 million.
CDW Corporation (NASDAQ:CDW) 2020 Performance Impressive
The increase in CDW’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of CDW currently stands at $146.09, which is higher than the current trading price of the stock by 19.75%. However, CDW’s current trading price is -59.75% lower than the 52-week low price of $73.39. In terms of trading volume, CDW Corporation currently experienced healthy participation during the last trading session. 702758 shares of CDW Corporation were traded on the stock exchange on Thursday, which is less than -63.64% of the 1.15 million average trading volume of the stock.
The performance of the stock has been positive over the past year. CDW’s performance over the past one year has seen it surge by 11.64%, while the stock has gone down by -15.87% in the last six months. The quarterly performance of CDW currently stands at 32.82%, and it is up by 10.61% in the last month. The only positive figure was from the weekly performance, which currently reads 6.06%. At the time of writing CDW’s report, the company has a total market cap of $16.17B, making it one of the largest publicly-traded companies in the world.CDW Corporation also has over 9900 employees all over the world.
CDW Insider Activities
For CDW Corporation, insiders hold 93.80% of all company shares. The insider transactions over the past six months are up by 7.80%. During that period, insiders bought 130,945 shares in 51 transactions. In that same period, insiders sold 79,603 of their shares in 23 transactions. After these transactions, insiders at CDW Corporation now hold 1.31M shares, which is over 95.15% of the total company stocks. Institutional investors currently hold a large chunk of the CDW shares, as they control 0.92% of the company’s total stock.
CDW Fundamental Analysis
For CDW Corporation, the stock’s diluted earnings per share (EPS) stands at 5.12. In the coming year, analysts expect the EPS to be 6.26. The stock’s EPS growth this year is 19.40%, with analysts expecting almost a 1 growth in the earnings per share next week. In terms of revenue, CDW Corporation’s quarterly sales (YOY) is growing at 1.37, which is lower than the average annual revenue of 28.60% over the past half a decade.
The Return on Investment (ROI) on CDW Corporation’s stock currently stands at 22.20%, and it has a net profit margin of 4.10%. The operating margin of the company is 6.20%, and its gross margin is 16.90%.
CDW Analysts Prediction
Morgan Stanley reiterate their Underweight position on the stock ($126 and $124)
BofA/Merrill and Deutsche Bank also believe that CDW Corporation’s stock is outperforming at the moment.
At the moment, CDW Corporation’s Total Debt to Equity ratio stands at 3.90, and they have a long-term Debt to Equity ratio of 3.86.
CDW Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of CDW currently stands at 2.26%, while the SMA50 is 7.82%. The biggest one is the SMA200, which is currently reading -3.16% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 55.81, while its price to earnings ratio (P/E) is 22.89.