In the past week, NWL stock has gone down by -4.56%, with a monthly decline of -7.90% and a quarterly plunge of -16.25%. The volatility ratio for the week is 2.97%, and the volatility levels for the last 30 days are 3.74% for Newell Brands Inc. The simple moving average for the past 20 days is -6.54% for NWL’s stock, with a -16.06% simple moving average for the past 200 days.
Is It Worth Investing in Newell Brands Inc (NASDAQ: NWL) Right Now?
The 36-month beta value for NWL is also noteworthy at 0.98. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 3 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for NWL is 412.95M, and at present, short sellers hold a 5.55% of that float. The average trading volume of NWL on April 16, 2024 was 5.38M shares.
NWL) stock’s latest price update
Newell Brands Inc (NASDAQ: NWL)’s stock price has gone decline by -0.14 in comparison to its previous close of 7.12, however, the company has experienced a -4.56% decrease in its stock price over the last five trading days. Business Wire reported 2024-04-12 that ATLANTA–(BUSINESS WIRE)–Newell Brands Inc. (NASDAQ: NWL) today announced its first quarter 2024 earnings results will be released Friday, April 26, 2024 prior to market open and will be followed by a live webcast at 9:30 a.m. ET. To listen to the webcast, please select Events & Presentations from the Investors tab of the Newell Brands website at www.newellbrands.com. The live webcast will be recorded and made available for replay. About Newell Brands Newell Brands (NASDAQ: NWL) is a leadi.
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 -6.97% 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 -44.19% of loss for the given period.
Volatility was left at 3.74%, however, over the last 30 days, the volatility rate increased by 2.97%, as shares sank -13.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.06% lower at present.
During the last 5 trading sessions, NWL fell by -4.56%, which changed the moving average for the period of 200-days by -20.91% in comparison to the 20-day moving average, which settled at $7.55. In addition, Newell Brands Inc saw -18.09% 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 0.98. 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
In summary, Newell Brands Inc (NWL) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” 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.
