Newell Brands Inc (NWL) concluded trading on Thursday at a closing price of $8.96, with 3.04 million shares of worth about $27.25 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.05% during that period and on November 14, 2024 the price saw a loss of about -1.32%. Currently the company’s common shares owned by public are about 416.00M shares, out of which, 414.42M shares are available for trading.
Stock saw a price change of -1.65% in past 5 days and over the past one month there was a price change of 15.91%. Year-to-date (YTD), NWL shares are showing a performance of 3.23% which increased to 21.74% 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 $9.68 during that period. The average intraday trading volume for Newell Brands Inc shares is 6.71 million. The stock is currently trading 3.76% above its 20-day simple moving average (SMA20), while that difference is up 13.12% for SMA50 and it goes to 19.08% higher than SMA200.
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Newell Brands Inc (NASDAQ: NWL) currently have 416.00M outstanding shares and institutions hold larger chunk of about 88.75% of that.
The stock has a current market capitalization of $3.73B and its 3Y-monthly beta is at 0.88. It has posted earnings per share of -$0.60 in the same period. It has Quick Ratio of 0.50 while making debt-to-equity ratio of 1.92. 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 3.73% while standing at 4.46% over the month.
Stock’s fiscal year EPS is expected to drop by -16.39% while it is estimated to increase by 16.49% in next year. EPS is likely to shrink at an annualized rate of -1.75% 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.
