3M Company (NYSE:MMM) went down by -1.12% from its latest closing price compared to the recent 1-year high of $202.77. The company’s stock price has collected 0.71% of gains in the last five trading sessions. Barron’s reported on 07/30/22 that 3M Is Making Big Changes. It’s Still Not Time to Buy the Stock.
Is It Worth Investing in 3M Company (NYSE :MMM) Right Now?
3M Company (NYSE:MMM) scored a price-to-earnings ratio above its average ratio, recording 19.83 x from its present earnings ratio. Plus, the 36-month beta value for MMM is at 0.96. Opinions of the stock are interesting as 1 analysts out of 22 who provided ratings for 3M Company declared the stock was a “buy,” while 1 rated the stock as “overweight,” 13 rated it as “hold,” and 5 as “sell.”
The average price from analysts is $146.46, which is $4.27 above the current price. MMM currently public float of 569.12M and currently shorts hold a 1.36% ratio of that float. Today, the average trading volume of MMM was 3.10M shares.
MMM’s Market Performance
MMM stocks went up by 0.71% for the week, with a monthly jump of 10.32% and a quarterly performance of -2.85%, while its annual performance rate touched -28.24%. The volatility ratio for the week stands at 1.90% while the volatility levels for the past 30 days are set at 1.95% for 3M Company. The simple moving average for the period of the last 20 days is 6.31% for MMM stocks with a simple moving average of -9.79% for the last 200 days.
Analysts’ Opinion of MMM
Many brokerage firms have already submitted their reports for MMM stocks, with Wells Fargo repeating the rating for MMM by listing it as a “Equal Weight.” The predicted price for MMM in the upcoming period, according to Wells Fargo is $144 based on the research report published on July 27th of the current year 2022.
Morgan Stanley, on the other hand, stated in their research note that they expect to see MMM reach a price target of $131, previously predicting the price at $126. The rating they have provided for MMM stocks is “Underweight” according to the report published on July 27th, 2022.
Mizuho gave a rating of “Neutral” to MMM, setting the target price at $140 in the report published on July 27th of the current year.
MMM Trading at 3.58% from the 50-Day Moving Average
After a stumble in the market that brought MMM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.09% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 1.90%, as shares surge +9.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.55% lower at present.
During the last 5 trading sessions, MMM rose by +0.71%, which changed the moving average for the period of 200-days by -21.39% in comparison to the 20-day moving average, which settled at $133.96. In addition, 3M Company saw -20.20% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at MMM starting from Reinseth Theresa E, who sale 795 shares at the price of $143.32 back on Aug 01. After this action, Reinseth Theresa E now owns 1,603 shares of 3M Company, valued at $113,939 using the latest closing price.
Poul Mojdeh, the Group President of 3M Company, sale 1,634 shares at $151.68 during a trade that took place back on May 17, which means that Poul Mojdeh is holding 7,637 shares at $247,845 based on the most recent closing price.
Stock Fundamentals for MMM
Current profitability levels for the company are sitting at:
- +21.29 for the present operating margin
- +46.99 for the gross margin
The net margin for 3M Company stands at +16.75. Equity return is now at value 28.50, with 8.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.70.