Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
In the latest session, 3M Co. (NYSE: MMM) closed at $95.54 down -1.09% from its previous closing price of $96.59. In other words, the price has decreased by -$1.09 from its previous closing price. On the day, 3.92 million shares were traded. MMM stock price reached its highest trading level at $97.18 during the session, while it also had its lowest trading level at $95.52.
Ratios:
For a deeper understanding of 3M Co.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.35. For the most recent quarter (mrq), Quick Ratio is recorded 1.27 and its Current Ratio is at 1.64. In the meantime, Its Debt-to-Equity ratio is 4.55 whereas as Long-Term Debt/Eq ratio is at 4.34.
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, JP Morgan on May 01, 2024, Upgraded its rating to Overweight and sets its target price to $111 from $110 previously.
Barclays Upgraded its Equal Weight to Overweight on March 19, 2024, whereas the target price for the stock was revised from $111 to $126.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 14 ’24 when Chavez Rodriguez Beatriz Karin sold 426 shares for $92.32 per share. The transaction valued at 39,330 led to the insider holds 3,966 shares of the business.
Ashish Khandpur K sold 9,432 shares of MMM for $936,306 on May 18 ’23. The Group President now owns 20,943 shares after completing the transaction at $99.27 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MMM now has a Market Capitalization of 52868112384 and an Enterprise Value of 64220135424. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.62 while its Price-to-Book (P/B) ratio in mrq is 10.86. Its current Enterprise Value per Revenue stands at 1.967 whereas that against EBITDA is 7.884.
Stock Price History:
Over the past 52 weeks, MMM has reached a high of $99.70, while it has fallen to a 52-week low of $71.35. The 50-Day Moving Average of the stock is 8.38%, while the 200-Day Moving Average is calculated to be 13.44%.
Shares Statistics:
For the past three months, MMM has traded an average of 6.04M shares per day and 6318230 over the past ten days. A total of 552.58M shares are outstanding, with a floating share count of 518.54M. Insiders hold about 6.29% of the company’s shares, while institutions hold 66.54% stake in the company. Shares short for MMM as of 1713139200 were 8177324 with a Short Ratio of 1.35, compared to 1710460800 on 12646047. Therefore, it implies a Short% of Shares Outstanding of 8177324 and a Short% of Float of 1.48.
Dividends & Splits
According to the company, the forward annual dividend rate for MMM is 6.01, from 6.01 in the trailing year. Against a Trailing Annual Dividend Yield of 0.062221766The stock’s 5-year Average Dividend Yield is 4.29.
