As of Friday close, Newell Brands Inc.’s (NASDAQ:NWL) stock was up $0.11, moving up 1.02 percent to $10.91. The average number of shares traded per day over the past five days has been 7,335,060 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.13 fall in that time frame. In the last twenty days, the average volume was 6,088,860, while in the previous 50 days, it was 7,105,770.
Since last month, NWL stock rose 25.84%. Shares of the company fell to $8.47 on 07/05/23, the lowest level in the past month. A 52-week high of $21.55 was reached on 02/02/23 after having rallying from a 52-week low of $7.80. Since the beginning of this year, NWL’s stock price has dropped by -16.59% or -$2.17, and marked a new high 12 times. However, the stock has declined by -49.37% since its 52-week high.
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Sponsored
NWL stock investors should be aware that Newell Brands Inc. (NWL) stock had its last reported insider trading activity 93 days ago on May 04. Erceg Mark J, the Chief Financial Officer of the company, purchased of 90,585 shares for $9.98 on May 04. It resulted in a $904,038 investment by the insider. Erceg Mark J added 9,515 shares at an average price of $9.99 on May 03. The insider now owns 153,140 shares following the transaction. On Mar 10, Chief Financial Officer Erceg Mark J bought 48,643 shares at $12.81 apiece. The transaction was valued at $623,117.
Valuation Metrics
The stock’s beta is 1.00. Besides these, the trailing price-to-sales (P/S) ratio of 0.47, the price-to-book (PB) ratio of 1.36.
The latest dividend of $0.07 per share was paid out, which is -69.57% less than last year’s $0.23. On Tuesday May 16 2023, a $0.16 dividend decrease was announced.
Financial Health
In the three months ended June 29, Newell Brands Inc.’s quick ratio stood at 0.60, while its current ratio was 1.20, 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 1.43, and the total debt-to-equity ratio was 1.69. On the profitability front, the trailing twelve-month gross margin is 29.30% percent. In the year ended June 29, EBITDA margin amounted to 11.31%, whereas operating margins totaled 5.00%. Based on annual data, NWL earned $2.83 billion in gross profit and brought in $9.46 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 5.50%. Return on equity (ROE) for the past 12 months was 5.40%.
In Newell Brands Inc.’s quarter-end financial report for June 29, it reported total debt of $4.75 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 -14.97% to $1.8 billion during the quarter, while net income inched up to $2.2 billion. While analysts expected Newell Brands Inc. to report $0.13 quarterly earnings, the actual figure was $0.24 per share, beating the consensus estimate by 84.60%. During the quarter, the company generated $209.0 million in EBITDA. The liabilities of Newell Brands Inc. were 9.71 billion at the end of its most recent quarter ended June 29, and its total debt was $6.11 billion. The value of shareholders’ equity is $414.2 million.
Technical Picture
This quick technical analysis looks at Newell Brands Inc.’s (NWL) price momentum. With a historical volatility rate of 49.29%, the RSI 9-day stood at 65.82% on 04 August.
With respect to its five-day moving average, the current Newell Brands Inc. price is down by -1.18% percent or -$0.13. At present, NWL shares trade +23.00% above its 20-day simple moving average and -7.70% percent below its 100-day simple moving average. However, the stock is currently trading approximately +20.95% above its SMA50 and -26.83% below its SMA200.
Stochastic coefficient K was 65.86% and Stochastic coefficient D was 67.02%, while ATR was 0.46. Given the Stochastic reading of 65.17% for the 14-day period, the RSI (14) reading has been calculated as 65.16%. As of today, the MACD Oscillator reading stands at 0.18, while the 14-day reading stands at 0.45.
Analyst Ratings
Canaccord Genuity launched its rating on Newell Brands Inc. (NASDAQ: NWL) to a Buy in a note to investors on July 11, 2023. Newell Brands Inc. (NWL) has been rated Overweight by analysts. According to 1 brokerage firm, 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 $12.50, the current consensus forecast for the stock is $9.00 – $20.00. Based on these forecasts, analysts predict Newell Brands Inc. (NWL) will achieve an average price target of $12.75.
