$3.48M in average volume shows that 3M Co (MMM) is heading in the right direction

3M Co (NYSE: MMM) kicked off on Tuesday, down -1.31% from the previous trading day, before settling in for the closing price of $131.49. Over the past 52 weeks, MMM has traded in a range of $75.65-$141.34.

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Industrials Sector giant saw their annual sales surged by 0.07% over the last five years. While this was happening, its average annual earnings per share was recorded -5.44%. With a float of $544.08 million, this company’s outstanding shares have now reached $544.56 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

Our next focus will be how large-scale investors are participating in this stock of the Conglomerates Industry. The insider ownership of 3M Co is 0.09%, while institutional ownership is 67.85%. The most recent insider transaction that took place on Nov 20 ’24, was worth 131,925. In this transaction Sr Vice President & CAO of this company sold 1,033 shares at a rate of $127.71, taking the stock ownership to the 4,388 shares. Before that another transaction happened on Nov 20 ’24, when Company’s Officer proposed sale 1,033 for $127.71, making the entire transaction worth $131,925.

3M Co (MMM) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around -5.44% per share during the next fiscal year.

3M Co (NYSE: MMM) Trading Performance Indicators

Take a look at 3M Co’s (MMM) current performance indicators. Last quarter, 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 2.47. Likewise, its price to free cash flow for the trailing twelve months is 95.63.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.92, a number that is poised to hit 1.67 in the next quarter and is forecasted to reach 7.92 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 3.05 million was lower than the volume posted last year of 4.71 million. As of the previous 9 days, the stock’s Stochastic %D was 44.85%. Additionally, its Average True Range was 2.80.

During the past 100 days, 3M Co’s (MMM) raw stochastic average was set at 70.76%, which indicates a significant increase from 37.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.02% in the past 14 days, which was lower than the 38.64% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $131.73, while its 200-day Moving Average is $112.34. Now, the first resistance to watch is $131.04. This is followed by the second major resistance level at $132.32. The third major resistance level sits at $134.04. If the price goes on to break the first support level at $128.05, it is likely to go to the next support level at $126.33. Should the price break the second support level, the third support level stands at $125.05.

3M Co (NYSE: MMM) Key Stats

The company with the Market Capitalisation of 70.67 billion has total of 544,559K Shares Outstanding. Its annual sales at the moment are 32,681 M in contrast with the sum of -6,995 M annual income. Company’s last quarter sales were recorded 6,294 M and last quarter income was 1,372 M.