Newell Brands Inc (NASDAQ: NWL) is 5.76% higher on its value in year-to-date trading and has touched a low of $5.39 and a high of $9.68 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NWL stock was last observed hovering at around $9.32 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $9.18, the stock is 7.95% and 16.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.9 million and changing -1.50% at the moment leaves the stock 22.09% off its SMA200. NWL registered 34.21% gain for a year compared to 6-month loss of 5.40%. The firm has a 50-day simple moving average (SMA 50) of $7.8628 and a 200-day simple moving average (SMA200) of $7.51885.
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The stock witnessed a 22.89% gain in the last 1 month and extending the period to 3 months gives it a 32.47%, and is 3.73% 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 4.14% over the week and 4.33% over the month.
Newell Brands Inc (NWL) has around 24600 employees, a market worth around $3.82B and $7.71B in sales. Fwd P/E is 11.93. Profit margin for the company is -3.22%. Distance from 52-week low is 70.47% and -5.12% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.36%).
with sales reaching $1.97B over the same period.The EPS is expected to shrink by -16.39% this year, but quarterly earnings will post -6.40% year-over-year. Quarterly sales are estimated to shrink -5.10% in year-over-year returns.
Newell Brands Inc (NWL) Top Institutional Holders
543.0 institutions hold shares in Newell Brands Inc (NWL), with institutional investors hold 99.38% of the company’s shares. The shares outstanding are 416.00M, and float is at 414.42M with Short Float at 2.79%. Institutions hold 99.02% 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
The most recent transaction is an insider sale by Turner Bradford R, the company’s Chief Legal & Admin. Officer. SEC filings show that Turner Bradford R sold 20,000 shares of the company’s common stock on Nov 05 ’24 at a price of $8.96 per share for a total of $0.18 million. Following the sale, the insider now owns 0.23 million shares.
Still, SEC filings show that on Jul 26 ’24, Johnson Jay LeCoryelle (Former Director) Proposed Sale 4,928 shares at an average price of $8.88 for $43736.0. The insider now directly holds shares of Newell Brands Inc (NWL).
