The stock of Newell Brands Inc (NWL) has seen a 33.52% increase in the past week, with a 34.15% gain in the past month, and a 23.33% flourish in the past quarter. The volatility ratio for the week is 3.62%, and the volatility levels for the past 30 days are at 3.88% for NWL. The simple moving average for the last 20 days is 36.32% for NWL stock, with a simple moving average of 13.51% for the last 200 days.
Is It Worth Investing in Newell Brands Inc (NASDAQ: NWL) Right Now?
Company’s 36-month beta value is 0.88.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for NWL is 413.58M, and currently, short sellers hold a 5.77% ratio of that floaft. The average trading volume of NWL on July 26, 2024 was 4.32M shares.
NWL) stock’s latest price update
The stock of Newell Brands Inc (NASDAQ: NWL) has increased by 35.00 when compared to last closing price of 6.34. Despite this, the company has experienced a 33.52% gain in its stock price over the last five trading sessions. zacks.com reported 2024-07-26 that The headline numbers for Newell Brands (NWL) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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 22.56% 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 -26.28% of loss for the given period.
Volatility was left at 3.88%, however, over the last 30 days, the volatility rate increased by 3.62%, as shares surge +38.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.23% lower at present.
During the last 5 trading sessions, NWL rose by +35.57%, which changed the moving average for the period of 200-days by +21.88% in comparison to the 20-day moving average, which settled at $6.40. In addition, Newell Brands Inc saw -1.40% 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 CAMPBELL PATRICK D, who sale 50,000 shares at the price of $8.04 back on May 10 ’24. After this action, CAMPBELL PATRICK D now owns 18,477 shares of Newell Brands Inc, valued at $402,000 using the latest closing price.
Turner Bradford R, the Chief Legal & Admin. Officer of Newell Brands Inc, sale 20,000 shares at $7.43 during a trade that took place back on Feb 23 ’24, which means that Turner Bradford R is holding 169,813 shares at $148,600 based on the most recent closing price.
Stock Fundamentals for NWL
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.31 for the gross margin
The net margin for Newell Brands Inc stands at -0.04. The total capital return value is set at 0.02. Equity return is now at value -9.21, with -2.33 for asset returns.
Based on Newell Brands Inc (NWL), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 1.66. The interest coverage ratio of the stock is 0.62.
Currently, EBITDA for the company is 904.0 million with net debt to EBITDA at 6.89. When we switch over and look at the enterprise to sales, we see a ratio of 1.09. The receivables turnover for the company is 8.33for trailing twelve months and the total asset turnover is 0.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.15.
Conclusion
In a nutshell, Newell Brands Inc (NWL) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
