The stock of 3M Co. (MMM) has seen a 2.73% increase in the past week, with a 9.51% gain in the past month, and a -3.88% decrease in the past quarter. The volatility ratio for the week is 1.57%, and the volatility levels for the past 30 days are at 1.81% for MMM. The simple moving average for the last 20 days is 4.27% for MMM’s stock, with a simple moving average of -6.00% for the last 200 days.

Is It Worth Investing in 3M Co. (NYSE: MMM) Right Now?

Additionally, the 36-month beta value for MMM is 0.97. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 14 rating it as “hold,” and 3 rating it as “sell.”

The average price predicted by analysts for MMM is $107.63, which is $12.29 above the current price. The public float for MMM is 551.67M and currently, short sellers hold a 2.03% ratio of that float. The average trading volume of MMM on November 20, 2023 was 3.59M shares.

MMM) stock’s latest price update

The stock price of 3M Co. (NYSE: MMM) has dropped by -0.39 compared to previous close of 95.71. Despite this, the company has seen a gain of 2.73% in its stock price over the last five trading days. The Motley Fool reported 2023-11-19 that The company is finally starting to improve its profit margins. Sales growth continues to disappoint.

Analysts’ Opinion of MMM

Many brokerage firms have already submitted their reports for MMM stocks, with HSBC Securities repeating the rating for MMM by listing it as a “Hold.” The predicted price for MMM in the upcoming period, according to HSBC Securities is $109 based on the research report published on September 15, 2023 of the current year 2023.

MMM Trading at 2.18% 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 -26.67% of loss for the given period.

Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 1.57%, as shares surge +10.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.26% lower at present.

During the last 5 trading sessions, MMM rose by +2.73%, which changed the moving average for the period of 200-days by -20.74% in comparison to the 20-day moving average, which settled at $91.88. In addition, 3M Co. saw -20.50% 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 Co., valued at $936,306 using the latest closing price.

Hammes Eric D., the EVP & Chief Count Gov Svc Off of 3M Co., 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 Co. 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 -78.91, with -15.45 for asset returns.

Based on 3M Co. (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 2.00, 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 conclusion, 3M Co. (MMM) has seen mixed performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others rating it 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.