Newell Brands Inc (NASDAQ: NWL) is -19.93% lower on its value in year-to-date trading and has touched a low of $6.49 and a high of $12.74 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 $7.11 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $6.95, the stock is -8.00% and -8.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.98 million and changing -2.25% at the moment leaves the stock -17.86% off its SMA200. NWL registered -44.04% loss for a year compared to 6-month gain of 2.36%.
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The stock witnessed a -15.04% loss in the last 1 month and extending the period to 3 months gives it a -15.86%, and is -8.67% 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 2.75% over the week and 3.48% over the month.
Newell Brands Inc (NWL) has around 24600 employees, a market worth around $2.89B and $8.13B in sales. Fwd P/E is 9.18. Profit margin for the company is -4.77%. Distance from 52-week low is 7.01% and -45.45% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.77%).
The EPS is expected to shrink by -27.87% this year.
Newell Brands Inc (NWL) Top Institutional Holders
The shares outstanding are 414.30M, and float is at 413.81M with Short Float at 5.54%.
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).
