Newell Brands Inc [NWL] stock prices are up 2.36% to $9.56 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NWL shares have gain 8.14% over the last week, with a monthly amount glided 6.34%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Newell Brands Inc [NASDAQ: NWL] stock has seen the most recent analyst activity on November 20, 2024, when Barclays upgraded its rating to a Overweight and also boosted its price target to $10 from $8. Previously, UBS downgraded its rating to Neutral on February 16, 2024, and dropped its price target to $8.50. On February 12, 2024, downgrade downgraded it’s rating to Mkt Perform. Truist downgraded its rating to a Hold and decreased its price target to $8 on October 30, 2023. JP Morgan downgraded its rating to a Neutral and reduced its price target to $7 on October 30, 2023. Raymond James downgraded its rating to Outperform for this stock on October 23, 2023, and downed its price target to $10. In a note dated July 11, 2023, Canaccord Genuity initiated an Buy rating and provided a target price of $13 on this stock.
The stock price of Newell Brands Inc [NWL] has been fluctuating between $5.39 and $9.72 over the past year. Currently, Wall Street analysts expect the stock to reach $16.32 within the next 12 months. Newell Brands Inc [NASDAQ: NWL] shares were valued at $9.56 at the most recent close of the market. An investor can expect a potential return of 70.71% based on the average NWL price forecast.
Analyzing the NWL fundamentals
The Newell Brands Inc [NASDAQ:NWL] reported sales of 7.71B for trailing twelve months, representing a drop of -4.93%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.08 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.73.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.43 points at the first support level, and at 9.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.67, and for the 2nd resistance point, it is at 9.77.
Ratios To Look Out For
It’s worth pointing out that Newell Brands Inc [NASDAQ:NWL]’s Current Ratio is 0.99. On the other hand, the Quick Ratio is 0.50, and the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 0.53, the price to book ratio is 1.39.
Transactions by insiders
Recent insider trading involved Turner Bradford R, Chief Legal & Admin. Officer, that happened on Nov 05 ’24 when 20000.0 shares were sold. Officer, Turner Bradford R completed a deal on Nov 05 ’24 to buy 20000.0 shares. Meanwhile, Former Director Johnson Jay LeCoryelle bought 4928.0 shares on Jul 26 ’24.
