Newell Brands Inc (NWL) concluded trading on Wednesday at a closing price of $7.43, with 3.37 million shares of worth about $25.07 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.49% during that period and on August 21, 2024 the price saw a gain of about 1.23%. Currently the company’s common shares owned by public are about 414.30M shares, out of which, 414.05M shares are available for trading.
Stock saw a price change of 7.22% in past 5 days and over the past one month there was a price change of 17.75%. Year-to-date (YTD), NWL shares are showing a performance of -14.40% which decreased to -27.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.39 but also hit the highest price of $10.72 during that period. The average intraday trading volume for Newell Brands Inc shares is 5.17 million. The stock is currently trading -2.15% below its 20-day simple moving average (SMA20), while that difference is up 7.07% for SMA50 and it goes to -2.34% lower than SMA200.
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Newell Brands Inc (NASDAQ: NWL) currently have 414.30M outstanding shares and institutions hold larger chunk of about 96.67% of that.
The stock has a current market capitalization of $3.09B and its 3Y-monthly beta is at 0.91. It has posted earnings per share of -$0.65 in the same period. It has Quick Ratio of 0.51 while making debt-to-equity ratio of 1.81. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NWL, volatility over the week remained 2.99% while standing at 5.58% over the month.
Stock’s fiscal year EPS is expected to drop by -18.31% while it is estimated to increase by 17.54% in next year. EPS is likely to shrink at an annualized rate of 6.70% for next 5-years, compared to annual growth of 43.59% made by the stock over the past 5-years.
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 UBS on February 16, 2024 offering a Neutral rating for the stock and assigned a target price range of between $10 and $8.50 to it. On October 30, 2023, Truist Downgrade their recommendations, while on October 30, 2023, JP Morgan Downgrade their ratings for the stock with a price target of $7. Stock get an Outperform rating from Raymond James on October 23, 2023.
