The stock of Newell Brands Inc. (NASDAQ:NWL) increased by $0.01 on Monday to finish at $10.58, up 0.09 percent. The last five days have seen an average of 3,599,240 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$2.50. The average number of shares traded over the last 20 days was 5,448,865, while the average volume over the last 50 days totaled 5,992,576.
NWL stock appreciated 8.07% since last month. On 07/17/23, the company’s shares reached a one-month low of $9.45. The stock touched a high of $21.55 on 02/02/23, after rallying from a low of $7.80 in 52 weeks. The price of NWL stock has declined by -19.11% or -$2.50 this year, reaching a new high 12 times. Still, the stock price is down -50.90% from the 52-week high.
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Insider Transactions
NWL stock investors should be aware that Newell Brands Inc. (NWL) stock had its last reported insider trading activity 103 days ago on May 04. On May 04, Chief Financial Officer Erceg Mark J acquired 90,585 shares at $9.98 each. This transaction resulted in the insider spending $904,038. On May 03, Erceg Mark J added 9,515 shares at a price of US$9.99. After the transaction, the insider now owns 153,140 shares. Chief Financial Officer Erceg Mark J had earlier bought 48,643 shares on Mar 10 for $12.81 a share. The transaction was completed for $623,117.
Valuation Metrics
Beta for the stock is 1.00. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.52, the price-to-book (PB) ratio of 1.32.
Company paid $0.07 per share in dividends, remained unchanged from $0.07 last year. A $0.16 dividend decrease was reported on Tuesday May 16 2023.
Financial Health
For the three months ended June 29, Newell Brands Inc.’s quick ratio was 0.60, while its current ratio was 1.30, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.43, and the total debt to equity ratio is 1.61. As far as profitability goes, gross margin for the trailing twelve months is 28.30% percent. Based on annual data, it had gross profit of $2.83 billion and revenue of $9.46 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 5.50% return on investment (ROI) in the past year.
Earnings Surprise
According to Newell Brands Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.2 billion, while revenues fell by -14.97% to $1.8 billion. It was predicted that Newell Brands Inc.’s quarterly earnings would be $0.24, but it ended up being $0.13, beating the consensus by 84.60%. EBITDA was $209.0 million for the quarter. At the end of Newell Brands Inc.’s most recent quarter ended June 29, its liabilities totaled 9.71 billion, while its total debt was $6.11 billion. Equity owned by shareholders amounts to $414.2 million.
Technical Picture
Here’s a quick look at Newell Brands Inc.’s (NWL) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 53.77%, suggesting the stock is Neutral, with a 15.70% historical volatility rate.
The stochastic %K and %D were 38.72% and 44.02% respectively, while the average true range (ATR) was 0.38. Based on the 14-day stochastic reading of 35.62%, the RSI (14) reading is 57.62%. On the 9-day MACD Oscillator, the stock is at -0.12, and the 14-day reading is at -0.13.
Analyst Ratings
In its analyst report released on July 11, 2023, Canaccord Genuity began covering Newell Brands Inc. (NASDAQ: NWL). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Newell Brands Inc. (NWL) an Hold rating. NWL is a stock that is recommended for selling by 1 brokerage firm, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is NWL’s price target for the next 12 months?
The current consensus forecast for the stock is between $9.00 and $20.00, with a median target price of $12.50. In analyzing these forecasts, the average price target given by analysts for Newell Brands Inc. (NWL) is $12.75.
