The stock of 3M Co. (MMM) has seen a -1.86% decrease in the past week, with a 12.57% gain in the past month, and a -2.79% decrease in the past quarter. The volatility ratio for the week is 2.26%, and the volatility levels for the past 30 days are at 2.00% for MMM. The simple moving average for the past 20 days is 4.74% for MMM’s stock, with a 4.05% simple moving average for the past 200 days.
Is It Worth Investing in 3M Co. (NYSE: MMM) Right Now?
MMM has 36-month beta value of 1.01. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 4 as “overweight,” 7 as “hold,” and 3 as “sell.”
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The public float for MMM is 552.10M, and currently, short sellers hold a 1.33% ratio of that float. The average trading volume of MMM on March 26, 2024 was 4.96M shares.
MMM) stock’s latest price update
3M Co. (NYSE: MMM) has seen a decline in its stock price by -1.41 in relation to its previous close of 104.84. However, the company has experienced a -1.86% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-26 that The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here’s why you should take advantage.
Analysts’ Opinion of MMM
Barclays, on the other hand, stated in their research note that they expect to see MMM reach a price target of $126, previously predicting the price at $111. The rating they have provided for MMM stocks is “Overweight” according to the report published on March 19th, 2024.
Barclays gave a rating of “Equal Weight” to MMM, setting the target price at $107 in the report published on December 04th of the previous year.
MMM Trading at 6.20% 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 -8.64% of loss for the given period.
Volatility was left at 2.00%, however, over the last 30 days, the volatility rate increased by 2.26%, as shares surge +11.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.90% lower at present.
During the last 5 trading sessions, MMM fell by -2.37%, which changed the moving average for the period of 200-days by +2.04% in comparison to the 20-day moving average, which settled at $99.21. In addition, 3M Co. saw -5.45% 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 Chavez Rodriguez Beatriz Karin, who sale 426 shares at the price of $92.32 back on Feb 14 ’24. After this action, Chavez Rodriguez Beatriz Karin now owns 3,966 shares of 3M Co., valued at $39,330 using the latest closing price.
Ashish Khandpur K, the Group President of 3M Co., sale 9,432 shares at $99.27 during a trade that took place back on May 18 ’23, which means that Ashish Khandpur K is holding 20,943 shares at $936,306 based on the most recent closing price.
Stock Fundamentals for MMM
Current profitability levels for the company are sitting at:
- -0.28 for the present operating margin
- 0.43 for the gross margin
The net margin for 3M Co. stands at -0.21. The total capital return value is set at -0.26. Equity return is now at value -71.64, with -14.42 for asset returns.
Based on 3M Co. (MMM), the company’s capital structure generated 0.78 points at debt to capital in total, while cash flow to debt ratio is standing at 0.4. The debt to equity ratio resting at 3.51. The interest coverage ratio of the stock is -9.69.
Currently, EBITDA for the company is -6.79 billion with net debt to EBITDA at -1.35. When we switch over and look at the enterprise to sales, we see a ratio of 2.08. The receivables turnover for the company is 6.72for trailing twelve months and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
To put it simply, 3M Co. (MMM) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
