3M Co. (NYSE:MMM) saw a downside of -0.96% to close Tuesday at $93.88 after subtracting -$0.91 on the day. The 5-day average trading volume is 3,485,120 shares of the company’s common stock. It has gained $100.89 in the past week and touched a new high 1 time within the past 5 days. An average of 4,004,320 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,637,294.
MMM’s 1-month performance is -5.12% or -$5.07 on its low of $93.62 reached on 09/26/23. The company’s shares have touched a 52-week low of $92.38 and high of $133.91, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, MMM has lost -21.71% or -$26.04 and has reached a new high 6 times. However, the current price is down -29.89% from the 52-week high price.
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Insider Transactions
MMM stock investors last saw insider trading activity on May 18.Ashish Khandpur K (Group President) most recently sold 9,432 shares at $99.27 per share on May 18. This transaction cost the insider $936,306. EVP & Chief Count Gov Svc Off, Hammes Eric D., sold 6,487 shares at a price of $105.33 on Apr 28. Then, on Oct 28, EVP & Chief Legal Officer Rhodes Kevin H sold 5,703 shares at a price of $126.40 per share. This transaction amounted to $720,842.
Valuation Metrics
MMM stock has a beta of 0.98. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.57 while the price-to-book (PB) in the most recent quarter is 6.65, with the price to cash flow ratio at 11.66.
3M Co.’s quick ratio for the recent period was 0.96, with the current ratio over the same period at 1.44.. In terms of profitability, the gross margin trailing 12 months is 43.50%. The trailing 12-month EBITDA margin is 17.25%. The firm’s gross profit as reported stood at $15.0 billion against revenue of $34.23 billion.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 101.14% to -$6.84 billion, while revenue of $976.0 million was 114.27% off the previous quarter. EBITDA for the quarter stood at more than -$8.51 billion. MMM stock balance sheet for the recent quarter shows that total liabilities totaled 41.02 billion, with total debt at $16.9 billion. Shareholders hold equity totaling $551.99 million.
Let’s look briefly at 3M Co. (MMM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 19.58% to suggest the stock is trending oversold, with historical volatility in this time period at 13.65%.
The stock’s 5-day moving average is $96.44, reflecting a -6.34% or -$6.35 change from its current price. MMM is currently trading -9.83% above its 20-day SMA, -8.70% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.69% and SMA200 by-25.70%.
Stochastic %K and %D was 4.05% and 3.10% and the average true range (ATR) pointed at 2.17. The RSI (14) points at 27.84%, while the 14-day stochastic is at 1.71% with the period’s ATR at 2.22. The stock’s 9-day MACD Oscillator is pointing at -3.30 and -5.84 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for 3M Co. (NYSE: MMM), HSBC Securities launched coverage with a Hold rating. Analysts offering their rating for MMM stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate MMM as a “sell,”, while 17 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 0 have offered a “buy” rating.
What is MMM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $96.00 and a high of $158.00, with their median price target at $114.00. Looking at these predictions, the average price target given by analysts is for 3M Co. (MMM) stock is $114.96.
