The stock of 3M Company (MMM) has seen a 2.74% increase in the past week, with a -4.15% drop in the past month, and a -7.56% decrease in the past quarter. The volatility ratio for the week is 2.39%, and the volatility levels for the past 30 days are at 2.05% for MMM. The simple moving average for the past 20 days is -1.27% for MMM’s stock, with a -14.12% simple moving average for the past 200 days.
Is It Worth Investing in 3M Company (NYSE: MMM) Right Now?
The price-to-earnings ratio for 3M Company (NYSE: MMM) is above average at 10.44x. The 36-month beta value for MMM is also noteworthy at 0.95. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 13 rating it as “hold,” and 4 rating it as “sell.”
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The average price estimated by analysts for MMM is $112.18, which is $15.82 above than the current price. The public float for MMM is 543.75M, and at present, short sellers hold a 2.26% of that float. The average trading volume of MMM on May 24, 2023 was 3.39M shares.
MMM) stock’s latest price update
3M Company (NYSE: MMM)’s stock price has decreased by -0.99 compared to its previous closing price of 101.71. However, the company has seen a 2.74% increase in its stock price over the last five trading sessions. The Wall Street Journal reported on 04/25/23 that 3M to Cut Thousands More Jobs as Sales Struggle
MMM Trading at -2.24% 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 -33.88% of loss for the given period.
Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 2.39%, as shares sank -3.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.71% lower at present.
During the last 5 trading sessions, MMM rose by +2.74%, which changed the moving average for the period of 200-days by -31.69% in comparison to the 20-day moving average, which settled at $101.81. In addition, 3M Company saw -16.03% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MMM starting from Ashish Khandpur K, who sale 9,432 shares at the price of $99.27 back on May 18. After this action, Ashish Khandpur K now owns 20,943 shares of 3M Company, valued at $936,306 using the latest closing price.
Hammes Eric D., the EVP & Chief Count Gov Svc Off of 3M Company, sale 6,487 shares at $105.33 during a trade that took place back on Apr 28, which means that Hammes Eric D. is holding 10,430 shares at $683,243 based on the most recent closing price.
Stock Fundamentals for MMM
Current profitability levels for the company are sitting at:
- +11.90 for the present operating margin
- +43.72 for the gross margin
The net margin for 3M Company stands at +16.88. The total capital return value is set at 12.52, while invested capital returns managed to touch 18.89. Equity return is now at value 37.70, with 11.80 for asset returns.
Based on 3M Company (MMM), the company’s capital structure generated 114.56 points at debt to equity in total, while total debt to capital is 53.39. Total debt to assets is 36.31, with long-term debt to equity ratio resting at 99.55. Finally, the long-term debt to capital ratio is 46.40.
When we switch over and look at the enterprise to sales, we see a ratio of 2.07, with the company’s debt to enterprise value settled at 0.21. The receivables turnover for the company is 7.45 and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.54.
Conclusion
In summary, 3M Company (MMM) has had a bad performance as of late. Analysts have bearish opinions on the stock, with some viewing it as a “sell” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
