Currently, Newell Brands Inc [NWL] is trading at $10.31, up 3.83%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NWL shares have gain 7.51% over the last week, with a monthly amount glided 16.89%, 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.
This stock has fluctuated between a low of $5.39 and a high of $10.18 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $10.3 within the next 12 months. Newell Brands Inc [NASDAQ: NWL] shares were valued at $10.31 at the most recent close of the market. An investor can expect a potential drop of -0.1% based on the average NWL price forecast.
Analyzing the NWL fundamentals
Trailing Twelve Months sales for Newell Brands Inc [NASDAQ:NWL] were 7.71B which represents -4.93% decline. 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 10.16 points at the first support level, and at 10.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.45, and for the 2nd resistance point, it is at 10.60.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Newell Brands Inc [NASDAQ:NWL] is 0.99. Also, the Quick Ratio is 0.50, while the Cash Ratio stands at 0.15. Considering the valuation of this stock, the price to sales ratio is 0.58, the price to book ratio is 1.50.
Transactions by insiders
Recent insider trading involved Platt Tracy L, Chief Human Resources Officer, that happened on Dec 06 ’24 when 23343.0 shares were sold. Officer, Platt Tracy L completed a deal on Dec 06 ’24 to buy 23343.0 shares. Meanwhile, Chief Legal & Admin. Officer Turner Bradford R sold 20000.0 shares on Nov 05 ’24.
