Newell Brands Inc (NASDAQ: NWL) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 413.60M common shares owned by the public and among those 413.03M shares have been available to trade.

Insiders at the company have transacted a total of 36 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 530,180 shares. Insider sales of the common stock occurred on 15 occasions, with total insider shares sold totaling 700,484 shares.

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The company’s stock has a 5-day price change of -17.67% and 0.00% over the past three months. NWL shares are trading -21.08% year to date (YTD), with the 12-month market performance down to -54.73% lower. It has a 12-month low price of $6.49 and touched a high of $15.60 over the same period. NWL has an average intraday trading volume of 4.62 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -18.01%, -18.53%, and -22.43% respectively.

Institutional ownership of Newell Brands Inc (NASDAQ: NWL) shares accounts for 97.48% of the company’s 413.60M shares outstanding.

It has a market capitalization of $2.84B and a beta (3y monthly) value of 0.94. The earnings-per-share (ttm) stands at -$0.94. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.38% over the week and 4.32% over the month.

Analysts forecast that Newell Brands Inc (NWL) will achieve an EPS of $Blue Owl Capital Inc. for the current quarter, $17.47 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $NGL ENERGY PARTNERS LP while analysts give the company a high EPS estimate of $Northwest Natural Holding Compa. Comparatively, EPS for the current quarter was $NatWest Group plc a year ago. Earnings per share for the fiscal year are expected to decrease by -21.83%, and 23.49% over the next financial year.

Looking at the support for the NWL, a number of firms have released research notes about the stock. Truist stated their Hold rating for the stock in a research note on October 30, 2023, with the firm’s price target at $20-$8.

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