Newell Brands Inc (NASDAQ: NWL) is -54.32% lower on its value in year-to-date trading and has touched a low of $4.22 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 $4.70 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $4.55, the stock is -16.69% and -26.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.85 million and changing -3.19% at the moment leaves the stock -42.33% off its SMA200. NWL registered -34.34% loss for a year compared to 6-month loss of -41.14%. The firm has a 50-day simple moving average (SMA 50) of $6.206 and a 200-day simple moving average (SMA200) of $7.89005.
The stock witnessed a -30.43% gain in the last 1 month and extending the period to 3 months gives it a -55.04%, and is -3.60% 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 5.11% over the week and 6.91% over the month.
Newell Brands Inc (NWL) has around 23700 employees, a market worth around $1.90B and $7.58B in sales. Fwd P/E is 5.85. Profit margin for the company is -2.85%. Distance from 52-week low is 7.82% and -61.38% 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 0.67% this year, but quarterly earnings will post -2.89% year-over-year. Quarterly sales are estimated to shrink -6.59% in year-over-year returns.
Newell Brands Inc (NWL) Top Institutional Holders
561.0 institutions hold shares in Newell Brands Inc (NWL), with institutional investors hold 97.32% of the company’s shares. The shares outstanding are 416.10M, and float is at 415.72M with Short Float at 5.55%. Institutions hold 96.92% 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 16.6324% 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 10.6316 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 Platt Tracy L, the company’s Chief 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).
