The Newell Brands Inc. (NASDAQ:NWL) is going up by 2.33% in today’s trading session, a rise equivalent to 0.45% of the stock’s price from yesterday’s market close. A news came out on 10/20/19 stating that Ratings Firms Give Companies More Breathing Room by WSJ. The lowest point that the shares touched during the trading session was $18.92, while the peak of the day was recorded at a share price of $19.555. NWL finished the previous session at $19.40 according to the data provided by Barchart, while the trading volume was observed to be $2325939.
In the 100 days of trading, NWL managed to top a 16.24% Moving average. Additionally, Newell Brands Inc. shares have achieved a 52-week range between 13.04 and 24.57 alongside 100 days raw stochastic set at 97.73%.
The number of shares outstanding, according to the fundamentals of the company, is set at 423.30M, equal to the value of $8.21B in market capitalization. In the last 30 days, Newell Brands Inc. shares went down by -0.75%, adding 20.00 to growth in value, on top of a +13.11% boost since 09/20/19.
Newell Brands Inc. (NASDAQ:NWL) Analyst’s Estimates
Newell Brands Inc. (NWL) could record at least $0.56 per share in quarterly earnings in the upcoming report on 11/01/2019, a number that would actually represent an increase of 1.56 YOY.
According to the average analyst rating, Newell Brands Inc. would be rated as Hold. Out of 13 different analysts monitoring NWL stock, 3 analysts rate the stock as a BUY, 10 suggest to give the rating of HOLD, 0 indicate that NWL is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On September 30, 2019, the stock earned a Upgrade rating due to a new analyst call from SunTrust, while analysts from Wells Fargo believe that the stock is set at Outperform from Market Perform, as concluded on April 17, 2018. SunTrust, is still rather wary about the stock, deciding to keep the rating at Hold as confirmed through a call on March 27, 2018.
Morgan Stanley, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on January 25, 2018, giving the stock a Equal-Weight from the Overweight rating.
NWL Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +35.01% has been attained, while the operating margin has been recorded at +6.80%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -26.70%. Beta value of the stock is recorded at 1.06. Additionally, Newell Brands Inc. is recording price volatility of 2.55% for the period of the last seven days and 2.78% in the last 30 days.
Newell Brands Inc. (NASDAQ:NWL) Technical Outlook
For the period of the last 50 days, Newell Brands Inc. had its Raw Stochastic average set at 96.69% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 93.88%. Stochastic %K for Newell Brands Inc., with the last 20 days included, was set at 84.71%, having Stochastic %D topping 81.65%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Newell Brands Inc. stocks with recording 4.33% in metrics.