Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Newell Brands Inc (NASDAQ: NWL) was $6.93 for the day, down -0.29% from the previous closing price of $6.95. In other words, the price has decreased by -$0.29 from its previous closing price. On the day, 3.95 million shares were traded. NWL stock price reached its highest trading level at $7.06 during the session, while it also had its lowest trading level at $6.88.
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 7.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.45. For the most recent quarter (mrq), Quick Ratio is recorded 0.63 and its Current Ratio is at 1.16. In the meantime, Its Debt-to-Equity ratio is 1.76 whereas as Long-Term Debt/Eq ratio is at 1.61.
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 Feb 23 ’24 when Turner Bradford R sold 20,000 shares for $7.43 per share. The transaction valued at 148,600 led to the insider holds 169,813 shares of the business.
Turner Bradford R sold 20,000 shares of NWL for $137,600 on Oct 30 ’23. The Chief Legal & Admin. Officer now owns 152,363 shares after completing the transaction at $6.88 per share. On May 04 ’23, another insider, Erceg Mark J, who serves as the Chief Financial Officer of the company, bought 90,585 shares for $9.98 each. As a result, the insider paid 904,038 and bolstered with 243,725 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 2877065728 and an Enterprise Value of 8149099008. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 1.002 whereas that against EBITDA is 10.448.
Stock Price History:
Over the past 52 weeks, NWL has reached a high of $12.74, while it has fallen to a 52-week low of $6.49. The 50-Day Moving Average of the stock is -8.67%, while the 200-Day Moving Average is calculated to be -18.00%.
Shares Statistics:
NWL traded an average of 5.37M shares per day over the past three months and 3300120 shares per day over the past ten days. A total of 414.30M shares are outstanding, with a floating share count of 413.81M. Insiders hold about 0.33% of the company’s shares, while institutions hold 95.77% stake in the company. Shares short for NWL as of 1711584000 were 22910124 with a Short Ratio of 4.27, compared to 1709164800 on 16539001. Therefore, it implies a Short% of Shares Outstanding of 22910124 and a Short% of Float of 9.42.
Dividends & Splits
With its trailing 12-month dividend rate of 0.44, NWL has a forward annual dividend rate of 0.28. The stock’s 5-year Average Dividend Yield is 5.37.
Earnings Estimates
The current market rating for Newell Brands Inc (NWL) reflects the collective analysis of Newell Brands Inc. analysts closely monitoring its performance.The consensus estimate for the next quarter is $5.72, with high estimates of $24.83 and low estimates of $35.89.
