Currently, there are 416.00M common shares owned by the public and among those 414.41M shares have been available to trade.
The company’s stock has a 5-day price change of -2.95% and 29.87% over the past three months. NWL shares are trading -0.90% year to date (YTD), with the 12-month market performance up to 12.80% higher. It has a 12-month low price of $5.39 and touched a high of $11.78 over the same period. NWL has an average intraday trading volume of 5.95 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.48%, 1.00%, and 23.75% respectively.
Institutional ownership of Newell Brands Inc (NASDAQ: NWL) shares accounts for 92.41% of the company’s 416.00M shares outstanding.
It has a market capitalization of $4.11B and a beta (3y monthly) value of 0.88. The earnings-per-share (ttm) stands at -$0.60. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.82% over the week and 3.55% over the month.
Analysts forecast that Newell Brands Inc (NWL) will achieve an EPS of 0.14 for the current quarter, 0.02 for the next quarter and 0.76 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.13 while analysts give the company a high EPS estimate of 0.13. Comparatively, EPS for the current quarter was 0.22 a year ago. Earnings per share for the fiscal year are expected to decrease by -16.44%, and 15.68% over the next financial year. EPS should shrink at an annualized rate of -2.61% over the next five years, compared to 43.59% over the past 5-year period.
Looking at the support for the NWL, a number of firms have released research notes about the stock. Truist stated their Buy rating for the stock in a research note on December 09, 2024, with the firm’s price target at $10-$17. Barclays coverage for the Newell Brands Inc (NWL) stock in a research note released on November 20, 2024 offered a Overweight rating with a price target of $10. Truist on their part issued Hold rating on October 30, 2023.
