3M Co. (NYSE: MMM) on Tuesday, plunged -2.31% from the previous trading day, before settling in for the closing price of $134.84. Within the past 52 weeks, MMM’s price has moved between $71.35 and $140.72.
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A company in the Industrials sector has jumped its sales by 0.07% annually for the last half of the decade. The company achieved an average annual earnings per share of -5.77%. With a float of $548.86 million, this company’s outstanding shares have now reached $552.58 million.
In an organization with 85000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 43.09%, operating margin of 18.67%, and the pretax margin is 18.79%.
3M Co. (MMM) Insider Updates
Observing investor behavior towards Conglomerates industry stocks is more important than anything else. The insider ownership of 3M Co. is 0.09%, while institutional ownership is 66.11%. The most recent insider transaction that took place on Aug 21 ’24, was worth 1,947,230. Before that another transaction happened on Aug 20 ’24, when Company’s Former Officer proposed sale 10,000 for $126.85, making the entire transaction worth $1,268,500.
3M Co. (MMM) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 2.44 earnings per share (EPS) for the period topping the consensus outlook (set at 2.14) by 0.3. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.71 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -5.77% per share during the next fiscal year.
3M Co. (NYSE: MMM) Trading Performance Indicators
3M Co. (MMM) is currently performing well based on its current performance indicators. A quick ratio of 1.08 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.53. Likewise, its price to free cash flow for the trailing twelve months is 97.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.93, a number that is poised to hit 1.69 in the next quarter and is forecasted to reach 7.93 in one year’s time.
Technical Analysis of 3M Co. (MMM)
Let’s dig in a bit further. During the last 5-days, its volume was 5.23 million. That was better than the volume of 4.94 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 36.22%. Additionally, its Average True Range was 2.64.
During the past 100 days, 3M Co.’s (MMM) raw stochastic average was set at 78.12%, which indicates a significant increase from 8.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.60% in the past 14 days, which was lower than the 36.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $132.84, while its 200-day Moving Average is $104.07. However, in the short run, 3M Co.’s stock first resistance to watch stands at $138.44. Second resistance stands at $145.15. The third major resistance level sits at $148.96. If the price goes on to break the first support level at $127.92, it is likely to go to the next support level at $124.11. Assuming the price breaks the second support level, the third support level stands at $117.40.
3M Co. (NYSE: MMM) Key Stats
Market capitalization of the company is 72.37 billion based on 553,361K outstanding shares. Right now, sales total 32,681 M and income totals -6,995 M. The company made 6,255 M in profit during its latest quarter, and 1,145 M in sales during its previous quarter.
