A new trading day began on Tuesday, with 3M Co (NYSE: MMM) stock price up 1.09% from the previous day of trading, before settling in for the closing price of $150.04. MMM’s price has ranged from $75.65 to $155.00 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Industrials sector has dropped its sales by -4.50% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 6.95%. With a float of $538.98 million, this company’s outstanding shares have now reached $539.47 million.
In an organization with 85000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 42.31%, operating margin of 19.48%, and the pretax margin is 19.3%.
3M Co (MMM) Insider and Institutional Ownership
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 68.38%. The most recent insider transaction that took place on Jan 31 ’25, was worth 269,878. In this transaction EVP & Chief Public Affairs Off of this company sold 1,750 shares at a rate of $154.22, taking the stock ownership to the 194 shares. Before that another transaction happened on Jan 31 ’25, when Company’s Officer proposed sale 1,750 for $154.00, making the entire transaction worth $269,500.
3M Co (MMM) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.95% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.10% during the next five years compared to -0.67% drop over the previous five years of trading.
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 3.08. Likewise, its price to free cash flow for the trailing twelve months is 128.26.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.55, a number that is poised to hit 1.74 in the next quarter and is forecasted to reach 8.51 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 3.76 million. That was inferior than the volume of 4.54 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 52.73%. Additionally, its Average True Range was 3.11.
During the past 100 days, 3M Co’s (MMM) raw stochastic average was set at 89.11%, which indicates a significant increase from 82.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.92% in the past 14 days, which was lower than the 21.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $135.58, while its 200-day Moving Average is $121.55. However, in the short run, 3M Co’s stock first resistance to watch stands at $153.19. Second resistance stands at $154.69. The third major resistance level sits at $156.63. If the price goes on to break the first support level at $149.75, it is likely to go to the next support level at $147.81. The third support level lies at $146.31 if the price breaches the second support level.
3M Co (NYSE: MMM) Key Stats
With a market capitalization of 81.83 billion, the company has a total of 544,559K Shares Outstanding. Currently, annual sales are 24,575 M while annual income is 4,173 M. The company’s previous quarter sales were 6,010 M while its latest quarter income was 728,000 K.