Newell Brands Inc (NASDAQ: NWL) is -13.25% lower on its value in year-to-date trading and has touched a low of $5.39 and a high of $9.24 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 $7.68 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $7.53, the stock is 1.57% and 1.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.85 million and changing -1.95% at the moment leaves the stock -0.73% off its SMA200. NWL registered -16.61% loss for a year compared to 6-month loss of -0.92%. The firm has a 50-day simple moving average (SMA 50) of $7.439 and a 200-day simple moving average (SMA200) of $7.58065.
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The stock witnessed a 6.21% gain in the last 1 month and extending the period to 3 months gives it a 19.52%, and is 6.36% up 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 3.26% over the week and 4.25% over the month.
Newell Brands Inc (NWL) has around 24600 employees, a market worth around $3.13B and $7.81B in sales. Fwd P/E is 9.98. Profit margin for the company is -3.43%. Distance from 52-week low is 39.83% and -18.51% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.55%).
with sales reaching $1.95B over the same period.The EPS is expected to shrink by -18.36% this year, but quarterly earnings will post -6.00% year-over-year. Quarterly sales are estimated to shrink -4.60% in year-over-year returns.
Newell Brands Inc (NWL) Top Institutional Holders
527.0 institutions hold shares in Newell Brands Inc (NWL), with institutional investors hold 98.51% of the company’s shares. The shares outstanding are 416.00M, and float is at 414.40M with Short Float at 5.85%. Institutions hold 98.15% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 69.06 million shares valued at $442.66 million. The investor’s holdings represent 16.6525% of the NWL Shares outstanding. As of 2024-06-30, the second largest holder is PZENA INVESTMENT MANAGEMENT LLC with 52.48 million shares valued at $336.39 million to account for 12.6547 of the shares outstanding. The other top investors are PACER ADVISORS, INC. which holds 47.01 million shares representing 11.3364% and valued at over $301.35 million, while VANGUARD GROUP INC holds 10.6444 of the shares totaling 44.14 million with a market value of $282.95 million.
Newell Brands Inc (NWL) Insider Activity
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Newell Brands Inc disclosed in a document filed with the SEC on May 10 ’24 that CAMPBELL PATRICK D (Director) sold a total of 50,000 shares of the company’s common stock. The trade occurred on May 10 ’24 and was made at $8.04 per share for $0.4 million. Following the transaction, the insider now directly holds 18477.0 shares of the NWL stock.
Still, SEC filings show that on Feb 23 ’24, Turner Bradford R (Chief Legal & Admin. Officer) disposed off 20,000 shares at an average price of $7.43 for $0.15 million. The insider now directly holds 169,813 shares of Newell Brands Inc (NWL).
