Newell Brands Inc (NASDAQ: NWL) is -36.14% lower on its value in year-to-date trading and has touched a low of $5.39 and a high of $11.78 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 $6.27 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $6.36, the stock is -11.91% and -28.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.2 million and changing 1.44% at the moment leaves the stock -21.64% off its SMA200. NWL registered -15.20% loss for a year compared to 6-month gain of -12.15%.
The stock witnessed a -36.14% loss in the last 1 month and extending the period to 3 months gives it a -33.47%, and is -6.06% 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 5.07% over the week and 4.92% over the month.
Newell Brands Inc (NWL) has around 23700 employees, a market worth around $2.65B and $7.58B in sales. Fwd P/E is 7.38. Profit margin for the company is -2.85%. Distance from 52-week low is 18.11% and -46.01% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.81%).
with sales reaching $1.54B over the same period.The EPS is expected to grow by 7.64% this year, but quarterly earnings will post -2.92% year-over-year. Quarterly sales are estimated to shrink -6.78% in year-over-year returns.
Newell Brands Inc (NWL) Top Institutional Holders
The shares outstanding are 416.10M, and float is at 414.25M with Short Float at 4.32%.
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 12.6395 of the shares outstanding. The other top investors are PACER ADVISORS, INC. which holds 47.01 million shares representing 11.3228% 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
A total of 0 insider transactions have happened at Newell Brands Inc (NWL) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Platt Tracy L,the company’sChief Human Resources Officer. SEC filings show that Platt Tracy L sold 23,343 shares of the company’s common stock on Dec 06 ’24 at a price of $10.31 per share for a total of $0.24 million. Following the sale, the insider now owns 0.0 shares.
Still, SEC filings show that on Nov 05 ’24, Turner Bradford R (Chief Legal & Admin. Officer) disposed off 20,000 shares at an average price of $8.96 for $0.18 million. The insider now directly holds 230,254 shares of Newell Brands Inc (NWL).
Newell Brands Inc (NWL): Who are the competitors?
The company’s main competitors (and peers) include Procter & Gamble Co. (PG) that is trading 8.53% up over the past 12 months. Unilever PLC (ULVR) that is 19.70% higher over the same period.
