A new trading day began on Friday, with 3M Co (NYSE: MMM) stock price down -0.97% from the previous day of trading, before settling in for the closing price of $128.47. MMM’s price has ranged from $74.89 to $141.34 over the past 52 weeks.
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Industrials Sector giant saw their annual sales surged by 0.07% over the last five years. Meanwhile, its annual earnings per share averaged -4.99%. With a float of $544.07 million, this company’s outstanding shares have now reached $552.58 million.
The firm has a total of 85000 workers. Let’s measure their productivity. 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 Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Conglomerates Industry. The insider ownership of 3M Co is 0.09%, while institutional ownership is 66.66%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -4.99% per share during the next fiscal year.
3M Co (NYSE: MMM) Trading Performance Indicators
Here are 3M Co’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.08. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.40. Likewise, its price to free cash flow for the trailing twelve months is 92.83.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.92, a number that is poised to hit 1.68 in the next quarter and is forecasted to reach 7.93 in one year’s time.
Technical Analysis of 3M Co (MMM)
Analysing the last 5-days average volume posted by the [3M Co, MMM], we can find that recorded value of 3.45 million was lower than the volume posted last year of 4.91 million. As of the previous 9 days, the stock’s Stochastic %D was 19.30%. Additionally, its Average True Range was 2.85.
During the past 100 days, 3M Co’s (MMM) raw stochastic average was set at 67.22%, which indicates a significant increase from 16.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.86% in the past 14 days, which was lower than the 37.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $132.91, while its 200-day Moving Average is $105.59. Now, the first resistance to watch is $128.21. This is followed by the second major resistance level at $129.20. The third major resistance level sits at $129.88. If the price goes on to break the first support level at $126.54, it is likely to go to the next support level at $125.86. Should the price break the second support level, the third support level stands at $124.87.
3M Co (NYSE: MMM) Key Stats
With a market capitalization of 68.60 billion, the company has a total of 544,559K Shares Outstanding. Currently, annual sales are 32,681 M while annual income is -6,995 M. The company’s previous quarter sales were 6,294 M while its latest quarter income was 1,372 M.
