On Monday, 3M Co. (NYSE: MMM) opened higher 0.36% from the last session, before settling in for the closing price of $91.83. Price fluctuations for MMM have ranged from $71.35 to $95.67 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 0.07%. Company’s average yearly earnings per share was noted 23.46% at the time writing. With a float of $518.54 million, this company’s outstanding shares have now reached $552.58 million.
Considering the fact that the conglomerate employs 85000 people, you should pay attention to its efficiency factor.
3M Co. (MMM) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Conglomerates industry is another important factor to consider. The insider ownership of 3M Co. is 6.29%, while institutional ownership is 67.18%. The most recent insider transaction that took place on Feb 14 ’24, was worth 39,330. In this transaction Group President of this company sold 426 shares at a rate of $92.32, taking the stock ownership to the 3,966 shares. Before that another transaction happened on May 18 ’23, when Company’s Group President sold 9,432 for $99.27, making the entire transaction worth $936,306. This insider now owns 20,943 shares in total.
3M Co. (MMM) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 23.46% per share during the next fiscal year.
3M Co. (NYSE: MMM) Trading Performance Indicators
Check out the current performance indicators for 3M Co. (MMM). In the past quarter, the stock posted a quick ratio of 0.76. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.56. Likewise, its price to free cash flow for the trailing twelve months is 10.07.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -12.63, a number that is poised to hit 2.10 in the next quarter and is forecasted to reach 8.67 in one year’s time.
Technical Analysis of 3M Co. (MMM)
Compared to the last year’s volume of 5.72 million, its volume of 4.0 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 41.42%. Additionally, its Average True Range was 1.73.
During the past 100 days, 3M Co.’s (MMM) raw stochastic average was set at 82.70%, which indicates a significant increase from 51.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 11.85% in the past 14 days, which was lower than the 30.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $85.97, while its 200-day Moving Average is $83.70. Nevertheless, the first resistance level for the watch stands at $92.67 in the near term. At $93.17, the stock is likely to face the second major resistance level. The third major resistance level sits at $93.73. If the price goes on to break the first support level at $91.61, it is likely to go to the next support level at $91.05. Now, if the price goes above the second support level, the third support stands at $90.55.
3M Co. (NYSE: MMM) Key Stats
There are currently 553,361K shares outstanding in the company with a market cap of 51.00 billion. Presently, the company’s annual sales total 32,681 M according to its annual income of -6,995 M. Last quarter, the company’s sales amounted to 8,013 M and its income totaled 945,000 K.
