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The closing price of Newell Brands Inc (NASDAQ: NWL) was $8.73 for the day, down -0.80% from the previous closing price of $8.80. In other words, the price has decreased by -$0.80 from its previous closing price. On the day, 8.95 million shares were traded. NWL stock price reached its highest trading level at $8.88 during the session, while it also had its lowest trading level at $8.46.
Ratios:
Our analysis of NWL’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.84. For the most recent quarter (mrq), Quick Ratio is recorded 0.51 and its Current Ratio is at 0.98. In the meantime, Its Debt-to-Equity ratio is 1.81 whereas as Long-Term Debt/Eq ratio is at 1.45.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on February 16, 2024, Downgraded its rating to Neutral and sets its target price to $8.50 from $10 previously.
Truist Downgraded its Buy to Hold on October 30, 2023, whereas the target price for the stock was revised from $20 to $8.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 26 ’24 when Johnson Jay LeCoryelle bought 4,928 shares for $8.88 per share. The transaction valued at 43,736 led to the insider holds shares of the business.
CAMPBELL PATRICK D sold 50,000 shares of NWL for $402,000 on May 10 ’24. The Director now owns 18,477 shares after completing the transaction at $8.04 per share. On Feb 23 ’24, another insider, Turner Bradford R, who serves as the Chief Legal & Admin. Officer of the company, sold 20,000 shares for $7.43 each. As a result, the insider received 148,600 and left with 169,813 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NWL now has a Market Capitalization of 3631679744 and an Enterprise Value of 8972800000. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.47 while its Price-to-Book (P/B) ratio in mrq is 1.18. Its current Enterprise Value per Revenue stands at 1.149 whereas that against EBITDA is 10.569.
Stock Price History:
Over the past 52 weeks, NWL has reached a high of $11.61, while it has fallen to a 52-week low of $5.39. The 50-Day Moving Average of the stock is 24.80%, while the 200-Day Moving Average is calculated to be 15.52%.
Shares Statistics:
NWL traded an average of 4.69M shares per day over the past three months and 7975670 shares per day over the past ten days. A total of 416.00M shares are outstanding, with a floating share count of 414.38M. Insiders hold about 0.39% of the company’s shares, while institutions hold 95.02% stake in the company. Shares short for NWL as of 1721001600 were 23848835 with a Short Ratio of 5.08, compared to 1718323200 on 20919477. Therefore, it implies a Short% of Shares Outstanding of 23848835 and a Short% of Float of 9.810001.
Dividends & Splits
With its trailing 12-month dividend rate of 0.28, NWL has a forward annual dividend rate of 0.28. Against a Trailing Annual Dividend Yield of 0.03181818The stock’s 5-year Average Dividend Yield is 5.24.
