A new trading day began on November 20, 2023, with Newell Brands Inc (NASDAQ: NWL) stock priced at $7.52, down -0.53% from the previous day of trading. During the day, the shares moved up to $7.535 and dropped to $7.3595 before settling in for the closing price of $7.55. NWL’s price has ranged from $6.49 to $16.75 over the past 52 weeks.
Consumer Defensive Sector giant saw their annual sales surged by 0.15% over the last five years. Meanwhile, its annual earnings per share averaged -52.43%. With a float of $412.95 million, this company’s outstanding shares have now reached $413.60 million.
The firm has a total of 28000 workers. Let’s measure their productivity. In terms of profitability, gross margin is +29.68, operating margin of +8.18, and the pretax margin is +1.66.
Newell Brands Inc (NWL) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Household & Personal Products Industry. The insider ownership of Newell Brands Inc is 0.30%, while institutional ownership is 95.89%. The most recent insider transaction that took place on Oct 30, was worth 137,600. In this transaction Chief Legal & Admin. Officer of this company sold 20,000 shares at a rate of $6.88, taking the stock ownership to the 152,363 shares. Before that another transaction happened on May 04, when Company’s Chief Financial Officer bought 90,585 for $9.98, making the entire transaction worth $904,038. This insider now owns 243,725 shares in total.
Newell Brands Inc (NWL) Earnings and Forecasts
In its latest quarterly report, released on 9/29/2023, the company reported earnings of $0.39 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +2.08 while generating a return on equity of 5.18. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -52.43% per share during the next fiscal year.
Newell Brands Inc (NASDAQ: NWL) Trading Performance Indicators
Here are Newell Brands Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.65. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.37. Likewise, its price to free cash flow for the trailing twelve months is 4.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.33, a number that is poised to hit 0.17 in the next quarter and is forecasted to reach 0.77 in one year’s time.
Technical Analysis of Newell Brands Inc (NWL)
Analysing the last 5-days average volume posted by the [Newell Brands Inc, NWL], we can find that recorded value of 4.08 million was lower than the volume posted last year of 6.04 million. As of the previous 9 days, the stock’s Stochastic %D was 82.46%. Additionally, its Average True Range was 0.34.
During the past 100 days, Newell Brands Inc’s (NWL) raw stochastic average was set at 19.84%, which indicates a significant decrease from 84.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 52.06% in the past 14 days, which was higher than the 49.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.73, while its 200-day Moving Average is $10.12. Now, the first resistance to watch is $7.58. This is followed by the second major resistance level at $7.64. The third major resistance level sits at $7.75. If the price goes on to break the first support level at $7.40, it is likely to go to the next support level at $7.29. Should the price break the second support level, the third support level stands at $7.23.
Newell Brands Inc (NASDAQ: NWL) Key Stats
With a market capitalization of 3.11 billion, the company has a total of 414,200K Shares Outstanding. Currently, annual sales are 9,459 M while annual income is 197,000 K. The company’s previous quarter sales were 2,048 M while its latest quarter income was -218,000 K.