About 33,070,432 Worth Of Newell Brands Inc. (NWL) Shares Belongs To Its 10% Owner

As of Friday close, Newell Brands Inc.’s (NASDAQ:NWL) stock was up $0.35, moving up 1.79 percent to $19.92. The average number of shares traded per day over the past five days has been 2,666,740 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.29 fall in that time frame. In the last twenty days, the average volume was 2,828,230, while in the previous 50 days, it was 3,436,110.

Since last month, NWL stock rose 2.73%. Shares of the company fell to $18.53 on 07/13/22, the lowest level in the past month. A 52-week high of $26.45 was reached on 02/16/22 after having rallying from a 52-week low of $17.40. Since the beginning of this year, NWL’s stock price has dropped by -8.79% or -$1.92, and marked a new high 9 times. However, the stock has declined by -24.69% since its 52-week high.

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Newell Brands Inc. (NWL) last reported insider trading activity 166 days ago on Feb 21. ICAHN CARL C, the 10% Owner of the company, disposed of 10,634,184 shares for $25.86 on Feb 21. It resulted in a $274,999,998 divestment by the insider. Malkoski Kristine Kay added 400 shares at an average price of $24.37 on Aug 19. The insider now owns 10,750 shares following the transaction. On Aug 18, Business Unit CEO – Food Malkoski Kristine Kay bought 200 shares at $24.77 apiece. The transaction was valued at $4,954.

Valuation Metrics

Right now, Newell Brands Inc. (NWL) has a P/E ratio of about 11.86. The stock’s beta is 0.76. Besides these, the trailing price-to-sales (P/S) ratio of 0.77, the price-to-book (PB) ratio of 2.11, and the price-to-cash flow ratio of 40.74 may also be considered.

The latest dividend of $0.23 per share was paid out, remained unchanged from last year’s $0.23. On Monday May 8 2017, a $0.04 dividend increase was announced.

Financial Health

In the three months ended June 29, Newell Brands Inc.’s quick ratio stood at 0.70, while its current ratio was 1.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.23, and the total debt-to-equity ratio was 1.23. On the profitability front, the trailing twelve-month gross margin is 31.00% percent. In the year ended June 29, operating margins totaled 8.70%. Based on annual data, NWL earned $3.3 billion in gross profit and brought in $10.59 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.00%. Return on equity (ROE) for the past 12 months was 14.20%.

In Newell Brands Inc.’s quarter-end financial report for June 29, it reported total debt of $3.79 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NWL’s revenue fell -6.91% to $2.39 billion during the quarter, while net income inched up to $2.53 billion. While analysts expected Newell Brands Inc. to report $0.47 quarterly earnings, the actual figure was $0.57 per share, beating the consensus estimate by 21.30%. During the quarter, the company generated $388.0 million in EBITDA. The liabilities of Newell Brands Inc. were 10.5 billion at the end of its most recent quarter ended June 29, and its total debt was $5.88 billion. The value of shareholders’ equity is $413.6 million.

Technical Picture

This quick technical analysis looks at Newell Brands Inc.’s (NWL) price momentum. With a historical volatility rate of 28.01%, the RSI 9-day stood at 51.69% on 05 August.

With respect to its five-day moving average, the current Newell Brands Inc. price is down by -1.43% percent or -$0.29. At present, NWL shares trade +3.11% above its 20-day simple moving average and -6.83% percent below its 100-day simple moving average. However, the stock is currently trading approximately +5.79% above its SMA50 and -12.75% below its SMA200.

Stochastic coefficient K was 37.81% and Stochastic coefficient D was 45.31%, while ATR was 0.62. Given the Stochastic reading of 41.64% for the 14-day period, the RSI (14) reading has been calculated as 51.31%. As of today, the MACD Oscillator reading stands at -0.25, while the 14-day reading stands at -0.24.

Analyst Ratings

JP Morgan reiterated its an Overweight rating on Newell Brands Inc. (NASDAQ: NWL) in a note to investors. The analysts firm has however raised their price target to $26, representing a possible 31.31% increase in the stock price. Newell Brands Inc. (NWL) has been rated Overweight by analysts. According to 0 brokerage firms, NWL is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Newell Brands Inc. stock as buy, with 5 recommending it as overweight.

With a median target price of $24.00, the current consensus forecast for the stock is $19.00 – $35.00. Based on these forecasts, analysts predict Newell Brands Inc. (NWL) will achieve an average price target of $25.09.


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