3M Co. (NYSE: MMM) open the trading on Thursday, with great promise as it jumped 1.70% to $103.17, before settling in for the price of $101.45 at the close. Taking a more long-term approach, MMM posted a 52-week range of $71.35-$106.04.
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The company of the Industrials sector’s yearbook sales growth during the past 5- year span was recorded 0.07%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -6.88%. This publicly-traded company’s shares outstanding now amounts to $553.36 million, simultaneously with a float of $552.89 million. The organization now has a market capitalization sitting at $57.09 billion. At the time of writing, stock’s 50-day Moving Average stood at $98.66, while the 200-day Moving Average is $86.32.
3M Co. (MMM) Ownership Facts and Figures
Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Conglomerates industry. 3M Co.’s current insider ownership accounts for 0.09%, in contrast to 67.13% institutional ownership. According to the most recent insider trade that took place on Feb 14 ’24, this organization’s Group President sold 426 shares at the rate of 92.32, making the entire transaction reach 39,330 in total value, affecting insider ownership by 3,966.
3M Co. (MMM) Earnings and Revenue Records
So, what does the last quarter earnings report of the company that was made public on 3/31/2024 suggests? It has posted 2.17 earnings per share (EPS) beating the forecaster’s viewpoint (set at 1.72) by 0.45. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.96 per share during the current fiscal year.
3M Co.’s EPS decrease for this current 12-month fiscal period is -6.88% and is forecasted to reach 7.79 in the upcoming year.
3M Co. (NYSE: MMM) Trading Performance Indicators
Let’s observe the current performance indicators for 3M Co. (MMM). It’s Quick Ratio in the last reported quarter now stands at 1.27. The Stock has managed to achieve an average true range (ATR) of 1.99. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.75. Similarly, its price to free cash flow for trailing twelve months is now 12.26.
In the same vein, MMM’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -12.72, a figure that is expected to reach 1.67 in the next quarter, and analysts are predicting that it will be 7.79 at the market close of one year from today.
Technical Analysis of 3M Co. (MMM)
[3M Co., MMM] recent stats showed that its last 5-days Average volume was poorer than the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 65.17% While, its Average True Range was 1.98.
Raw Stochastic average of 3M Co. (MMM) in the period of the previous 100 days is set at 90.63%, which indicates a major rise in contrast to 84.57% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 14.60% that was lower than 24.24% volatility it exhibited in the past 100-days period.
