Newell Brands Inc. (NASDAQ:NWL) saw an upside of 6.11% to close Monday at $15.97 after adding $0.92 on the day. The 5-day average trading volume is 3,766,780 shares of the company’s common stock. It has gained $16.23 in the past week and touched a new high 3 times within the past 5 days. An average of 3,362,585 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,248,996.
NWL’s 1-month performance is 26.65% or $2.98 on its low of $12.81 reached on 12/27/22. The company’s shares have touched a 52-week low of $12.24 and high of $26.45, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, NWL has achieved 22.09% or $2.89 and has reached a new high 10 times. However, the current price is down -39.62% from the 52-week high price.
NWL stock investors last saw insider trading activity on Nov 02.ICAHN BRETT (Director) most recently sold 10,000 shares at $17.10 per share on Sep 14. This transaction cost the insider $171,000. Director, ICAHN BRETT, sold 71,304 shares at a price of $16.89 on Sep 14. Then, on Sep 13, Director ICAHN BRETT sold 150,000 shares at a price of $17.51 per share. This transaction amounted to $2,626,500.
NWL stock has a beta of 0.88. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.65 while the price-to-book (PB) in the most recent quarter is 1.75.
Newell Brands Inc.’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.26, while the total debt to equity was 1.55. In terms of profitability, the gross margin trailing 12 months is 30.70%. The firm’s gross profit as reported stood at $3.3 billion against revenue of $10.59 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -512.9% to $31.0 million, while revenue of $204.0 million was -558.06% off the previous quarter. Analysts expected NWL to announce $0.47 per share in earnings in its latest quarter, but it posted $0.57, representing a 21.30% surprise. EBITDA for the quarter stood at more than $258.0 million. NWL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 10.9 billion, with total debt at $5.88 billion. Shareholders hold equity totaling $413.6 million.
Let’s look briefly at Newell Brands Inc. (NWL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 75.35% to suggest the stock is trending Overbought, with historical volatility in this time period at 36.78%.
The stock’s 5-day moving average is $15.30, reflecting a +3.63% or $0.56 change from its current price. NWL is currently trading +23.89% above its 20-day SMA, -16.47% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +24.09% and SMA200 by-25.69%.
Stochastic %K and %D was 79.58% and 78.98% and the average true range (ATR) pointed at 0.52. The RSI (14) points at 71.61%, while the 14-day stochastic is at 91.48% with the period’s ATR at 0.49. The stock’s 9-day MACD Oscillator is pointing at 0.11 and 0.48 on the 14-day charts.
In the most recent analyst report for Newell Brands Inc. (NASDAQ: NWL), Barclays downgraded it to an Underweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for NWL stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate NWL as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is NWL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $13.00 and a high of $20.00, with their median price target at $17.00. Looking at these predictions, the average price target given by analysts is for Newell Brands Inc. (NWL) stock is $16.82.