The stock of 3M Co (MMM) has gone up by 0.41% for the week, with a -3.01% drop in the past month and a -5.51% drop in the past quarter. The volatility ratio for the week is 1.53%, and the volatility levels for the past 30 days are 1.81% for MMM. The simple moving average for the past 20 days is -0.28% for MMM’s stock, with a 11.81% simple moving average for the past 200 days.
Is It Worth Investing in 3M Co (NYSE: MMM) Right Now?
The price-to-earnings ratio for 3M Co (NYSE: MMM) is 16.36x, which is above its average ratio. Moreover, the 36-month beta value for MMM is 0.94. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for MMM is 544.08M and currently, short sellers hold a 1.11% of that float. On December 31, 2024, MMM’s average trading volume was 3.29M shares.
MMM) stock’s latest price update
The stock of 3M Co (NYSE: MMM) has increased by 0.29 when compared to last closing price of 129.13. Despite this, the company has experienced a 0.41% gain in its stock price over the last five trading sessions. fool.com reported 2024-12-31 that After years of underperformance, 3M (MMM -0.81%) stock delivered a respectable performance to investors in 2024 — gaining some 17%. But what will 2025 bring?
Analysts’ Opinion of MMM
Many brokerage firms have already submitted their reports for MMM stocks, with UBS repeating the rating for MMM by listing it as a “Buy.” The predicted price for MMM in the upcoming period, according to UBS is $184 based on the research report published on November 13, 2024 of the current year 2024.
Morgan Stanley gave a rating of “Underweight” to MMM, setting the target price at $125 in the report published on September 06th of the current year.
MMM Trading at -0.39% 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 -8.37% of loss for the given period.
Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 1.53%, as shares sank -2.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.88% lower at present.
During the last 5 trading sessions, MMM rose by +0.71%, which changed the moving average for the period of 200-days by +48.46% in comparison to the 20-day moving average, which settled at $129.90. In addition, 3M Co saw 41.70% 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 Reinseth Theresa E, who sale 1,033 shares at the price of $127.71 back on Nov 20 ’24. After this action, Reinseth Theresa E now owns 4,388 shares of 3M Co, valued at $131,925 using the latest closing price.
Theresa E. Reinseth, the Officer of 3M Co, proposed sale 1,033 shares at $127.71 during a trade that took place back on Nov 20 ’24, which means that Theresa E. Reinseth is holding shares at $131,925 based on the most recent closing price.
Stock Fundamentals for MMM
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.43 for the gross margin
The net margin for 3M Co stands at 0.15. The total capital return value is set at 0.18. Equity return is now at value 95.53, with 9.83 for asset returns.
Based on 3M Co (MMM), the company’s capital structure generated 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 2.84. The interest coverage ratio of the stock is 3.94.
Currently, EBITDA for the company is -6.75 billion with net debt to EBITDA at 1.02. When we switch over and look at the enterprise to sales, we see a ratio of 2.74. The receivables turnover for the company is 8.1for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.43.
Conclusion
To wrap up, the performance of 3M Co (MMM) has been mixed in recent times. The stock has received a bullish of “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.
