Newell Brands Inc (NASDAQ: NWL) is -13.71% 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 $7.47 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $7.49, the stock is 0.95% and 1.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.26 million and changing 0.27% at the moment leaves the stock -0.37% off its SMA200. NWL registered 10.31% gain for a year compared to 6-month gain of 7.77%. The firm has a 50-day simple moving average (SMA 50) of $7.3568 and a 200-day simple moving average (SMA200) of $7.5175.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -3.10% loss in the last 1 month and extending the period to 3 months gives it a 11.13%, and is 1.90% 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 3.07% over the week and 3.43% over the month.
Newell Brands Inc (NWL) has around 24600 employees, a market worth around $3.12B and $7.81B in sales. Fwd P/E is 9.96. Profit margin for the company is -3.43%. Distance from 52-week low is 39.09% and -18.94% 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 -18.40% 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
530.0 institutions hold shares in Newell Brands Inc (NWL), with institutional investors hold 98.45% of the company’s shares. The shares outstanding are 416.00M, and float is at 414.40M with Short Float at 2.88%. Institutions hold 98.09% 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
#####
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).
