Additionally, the 36-month beta value for MMM is 0.95. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 4 rating it as “overweight,” 7 rating it as “hold,” and 3 rating it as “sell.”
The public float for MMM is 518.54M and currently, short sellers hold a 1.58% ratio of that float. The average trading volume of MMM on May 06, 2024 was 6.05M shares.
MMM) stock’s latest price update
3M Co. (NYSE: MMM)’s stock price has plunge by 0.35relation to previous closing price of 96.81. Nevertheless, the company has seen a 5.79% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-05 that “The Dow® [adds a stock] if the company has an excellent reputation, demonstrates sustained growth, and is of interest to a large number of investors. Sector representation.is also a consideration.”–DowJones&Co. The highest-yield 10 stocks are May’s Dogs of the Dow: HD, KO, AMGN, JNJ, CSCO, IBM, CVX, DOW, MMM, and VZ. They now average a 4.17% annual yield, as prices. Thirty Dow stocks represent nine of eleven sectors. DowJones tracks utilities as a separate index and omits real estate. Broker top-ten target-estimated May net-gains ranged 17.6%-38%, topped by INTC 5/1/24.
MMM’s Market Performance
MMM’s stock has risen by 5.79% in the past week, with a monthly rise of 7.30% and a quarterly rise of 22.48%. The volatility ratio for the week is 2.24% while the volatility levels for the last 30 days are 1.79% for 3M Co. The simple moving average for the last 20 days is 4.77% for MMM stock, with a simple moving average of 15.49% for the last 200 days.
Analysts’ Opinion of MMM
Many brokerage firms have already submitted their reports for MMM stocks, with JP Morgan repeating the rating for MMM by listing it as a “Overweight.” The predicted price for MMM in the upcoming period, according to JP Morgan is $111 based on the research report published on May 01, 2024 of the current year 2024.
Barclays gave a rating of “Overweight” to MMM, setting the target price at $126 in the report published on March 19th of the current year.
MMM Trading at 11.20% 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 -2.56% of loss for the given period.
Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares surge +6.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.40% upper at present.
During the last 5 trading sessions, MMM rose by +5.79%, which changed the moving average for the period of 200-days by +12.66% in comparison to the 20-day moving average, which settled at $93.03. In addition, 3M Co. saw 6.29% in overturn over a single year, with a tendency to cut further gains.
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:
- -0.27 for the present operating margin
- 0.44 for the gross margin
The net margin for 3M Co. stands at -0.22. The total capital return value is set at -0.21. Equity return is now at value -69.86, with -13.79 for asset returns.
Based on 3M Co. (MMM), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 4.55. The interest coverage ratio of the stock is -7.37.
Currently, EBITDA for the company is -6.79 billion with net debt to EBITDA at -1.46. When we switch over and look at the enterprise to sales, we see a ratio of 1.99. The receivables turnover for the company is 6.87for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.64.
Conclusion
In conclusion, 3M Co. (MMM) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
