Newell Brands Inc (NASDAQ:NWL) finished Thursday with an addition of $0.03 to close at $8.70, an upside of 0.35 percent. An average of 4,544,300 shares of common stock have been traded in the last five days. There was a fall of -$0.37 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 10,751,370 shares traded, while the 50-day average volume stands at 7,292,366.
NWL stock has decreased by -16.67% in the last month. The company shares reached their 1-month lowest point of $8.55 on 09/27/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $7.80 and a high of $16.75 in 52 weeks. It has reached a new high 12 times so far this year and lost -33.49% or -$4.38 in price. In spite of this, the price is down -48.08% 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 224 days ago on May 04. In this transaction, the insider spent $5,600,689. Director, ICAHN BRETT, disposed of 91,714 shares at a price of $14.95 on Feb 17. The insider now owns more than $1,371,124 worth of shares. Prior to that, Director ICAHN BRETT went on to Sale 107,372 shares at $15.37 each on Feb 16. An amount of $1,650,308 was transacted.
Valuation Metrics
Newell Brands Inc (NWL) stock’s beta is 1.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.42, the price-to-book (PB) ratio at 1.09, and the price-to-cash flow ratio at 25.56.
The company has a payout ratio of 194.92%. The company’s most recent quarterly dividend payment was $0.07 a share, without any change from last year. Its latest decrease dividend $0.16 reported on Tuesday May 16 2023.
Financial Health
The quick ratio of Newell Brands Inc for the three months ended June 29 was 0.62, and the current ratio was 1.25, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.58 and a total debt to equity ratio of 1.80 for the quarter ending June 29. Newell Brands Inc’s EBITDA margin for the year ending June 29 is 11.31%, while its operating margin for the same period stands at 5.71%. Its gross profit as reported stood at $2.83 billion compared to revenue of $9.46 billion.
Earnings Surprise
For the three-month period that ended June 29, Newell Brands Inc had $4.75 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $18.0 million in the quarter, while revenues were shrunk -1033.33%. The analyst consensus anticipated Newell Brands Inc’s latest quarter earnings to come in at $0.13 per share, but it turned out to be $0.24, a 84.60% surprise. For the quarter, EBITDA amounted to $209.0 million. Shareholders own equity worth $414.2 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Newell Brands Inc (NWL) price momentum. RSI 9-day as of the close on 28 September was 28.20%, suggesting the stock is oversold, with historical volatility in this time frame at 27.16%.
As of today, NWL’s price is $8.75 -4.08% or -$0.37 from its 5-day moving average. NWL is currently trading -17.85% lower than its 20-day SMA and -13.95% lower than its 100-day SMA. However, the stock’s current price level is -13.52% below the SMA50 and -35.27% below the SMA200.
The stochastic %K and %D were 6.79% and 5.35%, respectively, and the average true range (ATR) was 0.31. With the 14-day stochastic at 10.73% and the average true range at 0.32, the RSI (14) stands at 32.21%. The stock has reached -0.39 on the 9-day MACD Oscillator while the 14-day reading was at -0.56.
Analyst Ratings
Canaccord Genuity launched coverage on Newell Brands Inc (NASDAQ: NWL) in its analyst report released on July 11, 2023. The firm assigned the stock a Buy rating. The consensus rating for Newell Brands Inc (NWL) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell NWL, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
What is NWL’s price target for the next 12 months?
Analysts predict a range of price targets between $9.00 and $20.00, with a median target of $11.50. Taking a look at these predictions, the average price target given by analysts for Newell Brands Inc (NWL) stock is $12.50.
