As of Friday close, 3M Company’s (NYSE:MMM) stock was down -$0.45, moving down -0.46 percent to $97.04. The average number of shares traded per day over the past five days has been 3,294,280 shares. 1 time new highs have been achieved over the past 5 days, with a -$4.02 fall in that time frame. In the last twenty days, the average volume was 4,099,555, while in the previous 50 days, it was 3,569,212.
Since last month, MMM stock retreated -2.62%. Shares of the company fell to $96.60 on 09/22/23, the lowest level in the past month. A 52-week high of $133.91 was reached on 01/17/23 after having rallying from a 52-week low of $92.38. Since the beginning of this year, MMM’s stock price has dropped by -19.08% or -$22.88, and marked a new high 6 times. However, the stock has declined by -27.53% since its 52-week high.
MMM stock investors should be aware that 3M Company (MMM) stock had its last reported insider trading activity 128 days ago on May 18. Ashish Khandpur K, the Group President of the company, disposed of 9,432 shares for $99.27 on May 18. It resulted in a $936,306 divestment by the insider. Hammes Eric D. sold 6,487 shares at an average price of $105.33 on Apr 28. The insider now owns 10,430 shares following the transaction. On Oct 28, EVP & Chief Legal Officer Rhodes Kevin H sold 5,703 shares at $126.40 apiece. The transaction was valued at $720,842.
Valuation Metrics
The stock’s beta is 0.98. Besides these, the trailing price-to-sales (P/S) ratio of 1.64, the price-to-book (PB) ratio of 6.89, and the price-to-cash flow ratio of 12.20 may also be considered.
The latest dividend of $1.50 per share was paid out, remained unchanged from last year’s $1.50. On Tuesday February 7 2023, a $0.01 dividend increase was announced.
Financial Health
In the recent quarter, 3M Company’s quick ratio stood at 1.00, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 1.66, and the total debt-to-equity ratio was 2.05. On the profitability front, the trailing twelve-month gross margin is 44.10% percent. In the recent year, EBITDA margin amounted to 17.25%, whereas operating margins totaled -8.90%. Based on annual data, MMM earned $15.0 billion in gross profit and brought in $34.23 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 19.30%. Return on equity (ROE) for the past 12 months was -11.30%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MMM’s revenue fell -4.53% to $8.03 billion during the quarter, while net income inched up to $8.32 billion. During the quarter, the company generated -$8.51 billion in EBITDA. The liabilities of 3M Company were 41.02 billion at the end of its most recent quarter, and its total debt was $16.9 billion. The value of shareholders’ equity is $551.99 million.
Technical Picture
This quick technical analysis looks at 3M Company’s (MMM) price momentum. With a historical volatility rate of 27.48%, the RSI 9-day stood at 26.18% on 22 September.
With respect to its five-day moving average, the current 3M Company price is down by -3.98% percent or -$4.02. At present, MMM shares trade -1.48% below its 20-day simple moving average and -8.32% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.66% below its SMA50 and -22.14% below its SMA200.
Stochastic coefficient K was 1.50% and Stochastic coefficient D was 2.70%, while ATR was 2.12. Given the Stochastic reading of 3.61% for the 14-day period, the RSI (14) reading has been calculated as 33.42%. As of today, the MACD Oscillator reading stands at -2.87, while the 14-day reading stands at -4.99.
Analyst Ratings
HSBC Securities launched its rating on 3M Company (NYSE: MMM) to a Hold in a note to investors on September 15, 2023. 3M Company (MMM) has been rated Hold by analysts. According to 2 brokerage firms, MMM is a sell, and 17 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate 3M Company stock as buy, with 0 recommending it as overweight.
With a median target price of $114.00, the current consensus forecast for the stock is $96.00 – $158.00. Based on these forecasts, analysts predict 3M Company (MMM) will achieve an average price target of $114.96.
