Newell Brands Inc (NASDAQ: NWL) is -12.33% lower on its value in year-to-date trading and has touched a low of $6.49 and a high of $12.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NWL stock was last observed hovering at around $7.66 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $7.61, the stock is 0.31% and -4.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.03 million and changing -0.65% at the moment leaves the stock -10.98% off its SMA200. NWL registered -33.19% loss for a year compared to 6-month loss of -19.81%. The firm has a 50-day simple moving average (SMA 50) of $1.02 and a 200-day simple moving average (SMA200) of $112.07.
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The stock witnessed a -0.78% gain in the last 1 month and extending the period to 3 months gives it a -13.03%, and is -0.65% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.44% over the week and 4.15% over the month.
Newell Brands Inc (NWL) has around 24600 employees, a market worth around $3.15B and $8.13B in sales. Fwd P/E is 10.02. Profit margin for the company is -4.77%. Distance from 52-week low is 17.17% and -40.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.77%).
Newell Brands Inc quarterly earnings per share for the current quarter are estimated at -$0.07 with sales reaching $1.64B over the same period.The EPS is expected to shrink by -27.39% this year, but quarterly earnings will post -6.50% year-over-year. Quarterly sales are estimated to shrink -8.20% in year-over-year returns.
Newell Brands Inc (NWL) Top Institutional Holders
598 institutions hold shares in Newell Brands Inc (NWL), with institutional investors hold 95.52% of the company’s shares. The shares outstanding are 414.30M, and float is at 412.86M with Short Float at 4.01%. Institutions hold 95.21% of the Float.
The top institutional shareholder in the company is Pzena Investment Management Llc with over 52.42 million shares valued at $456.08 million. The investor’s holdings represent 12.40% of the NWL Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 44.08 million shares valued at $383.5 million to account for 10.43% of the shares outstanding. The other top investors are Blackrock Inc. which holds 43.02 million shares representing 10.17% and valued at over $374.26 million, while Icahn Carl C holds 7.09% of the shares totaling 29.99 million with a market value of $260.88 million.
Newell Brands Inc (NWL) Insider Activity
The most recent transaction is an insider sale by Turner Bradford R,the company’sChief Legal & Admin. Officer. SEC filings show that Turner Bradford R sold 20,000 shares of the company’s common stock on Feb 23 ’24 at a price of $7.43 per share for a total of $0.15 million. Following the sale, the insider now owns 0.17 million shares.
Newell Brands Inc disclosed in a document filed with the SEC on Oct 30 ’23 that Turner Bradford R (Chief Legal & Admin. Officer) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Oct 30 ’23 and was made at $6.88 per share for $0.14 million. Following the transaction, the insider now directly holds 0.15 million shares of the NWL stock.
Still, SEC filings show that on May 04 ’23, Erceg Mark J (Chief Financial Officer) acquired 90,585 shares at an average price of $9.98 for $0.9 million. The insider now directly holds 243,725 shares of Newell Brands Inc (NWL).
