3M Co. (MMM) concluded trading on Wednesday at a closing price of $103.25, with 3.25 million shares of worth about $335.65 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 28.51% during that period and on July 24, 2024 the price saw a loss of about -1.41%. Currently the company’s common shares owned by public are about 553.36M shares, out of which, 552.87M shares are available for trading.
Stock saw a price change of -1.33% in past 5 days and over the past one month there was a price change of 0.25%. Year-to-date (YTD), MMM shares are showing a performance of 12.97% which increased to 18.44% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $71.35 but also hit the highest price of $106.04 during that period. The average intraday trading volume for 3M Co. shares is 4.53 million. The stock is currently trading 0.63% above its 20-day simple moving average (SMA20), while that difference is up 1.70% for SMA50 and it goes to 16.84% higher than SMA200.
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3M Co. (NYSE: MMM) currently have 553.36M outstanding shares and institutions hold larger chunk of about 66.69% of that.
The stock has a current market capitalization of $57.13B and its 3Y-monthly beta is at 0.94. It has posted earnings per share of -$12.72 in the same period. It has Quick Ratio of 1.27 while making debt-to-equity ratio of 4.55. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MMM, volatility over the week remained 1.84% while standing at 2.05% over the month.
Stock’s fiscal year EPS is expected to drop by -6.77% while it is estimated to increase by 8.52% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wolfe Research on June 13, 2024 offering an Outperform rating for the stock and assigned a target price of $125 to it. Coverage by BofA Securities stated 3M Co. (MMM) stock as a Buy in their note to investors on June 07, 2024, suggesting a price target of $120 for the stock. On May 16, 2024, Vertical Research Upgrade their recommendations, while on May 10, 2024, HSBC Securities Upgrade their ratings for the stock with a price target of $115. Stock get an Overweight rating from JP Morgan on May 01, 2024.
