Newell Brands Inc (NASDAQ: NWL)’s stock price has decreased by -2.37 compared to its previous closing price of 8.03. However, the company has seen a 2.35% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-18 that Newell’s (NWL) strategic endeavors, including enhancing digital business and cost-saving efforts, bode well.
Is It Worth Investing in Newell Brands Inc (NASDAQ: NWL) Right Now?
Moreover, the 36-month beta value for NWL is 0.95. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for NWL is 412.86M and currently, short sellers hold a 3.97% of that float. On April 02, 2024, NWL’s average trading volume was 5.41M shares.
NWL’s Market Performance
The stock of Newell Brands Inc (NWL) has seen a 2.35% increase in the past week, with a 4.53% rise in the past month, and a -11.11% fall in the past quarter. The volatility ratio for the week is 4.08%, and the volatility levels for the past 30 days are at 3.87% for NWL. The simple moving average for the last 20 days is 1.84% for NWL stock, with a simple moving average of -7.91% for the last 200 days.
Analysts’ Opinion of NWL
Many brokerage firms have already submitted their reports for NWL stocks, with UBS repeating the rating for NWL by listing it as a “Neutral.” The predicted price for NWL in the upcoming period, according to UBS is $8.50 based on the research report published on February 16, 2024 of the current year 2024.
Truist gave a rating of “Hold” to NWL, setting the target price at $8 in the report published on October 30th of the previous year.
NWL Trading at 0.07% from the 50-Day Moving Average
After a stumble in the market that brought NWL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -38.51% of loss for the given period.
Volatility was left at 3.87%, however, over the last 30 days, the volatility rate increased by 4.08%, as shares surge +3.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.37% lower at present.
During the last 5 trading sessions, NWL rose by +2.35%, which changed the moving average for the period of 200-days by -7.66% in comparison to the 20-day moving average, which settled at $7.71. In addition, Newell Brands Inc saw -9.68% 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 NWL starting from Turner Bradford R, who sale 20,000 shares at the price of $7.43 back on Feb 23 ’24. After this action, Turner Bradford R now owns 169,813 shares of Newell Brands Inc, valued at $148,600 using the latest closing price.
Turner Bradford R, the Chief Legal & Admin. Officer of Newell Brands Inc, sale 20,000 shares at $6.88 during a trade that took place back on Oct 30 ’23, which means that Turner Bradford R is holding 152,363 shares at $137,600 based on the most recent closing price.
Stock Fundamentals for NWL
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.3 for the gross margin
The net margin for Newell Brands Inc stands at -0.05. The total capital return value is set at 0.01. Equity return is now at value -11.70, with -3.05 for asset returns.
Based on Newell Brands Inc (NWL), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 1.58. The interest coverage ratio of the stock is 0.39.
Currently, EBITDA for the company is 904.0 million with net debt to EBITDA at 7.41. When we switch over and look at the enterprise to sales, we see a ratio of 1.02. The receivables turnover for the company is 6.81for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.16.
Conclusion
To wrap up, the performance of Newell Brands Inc (NWL) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
