While Newell Brands Inc has underperformed by -2.34%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NWL fell by -21.07%, with highs and lows ranging from $9.24 to $5.39, whereas the simple moving average fell by -6.95% in the last 200 days.
On February 16, 2024, UBS Downgraded Newell Brands Inc (NASDAQ: NWL) to Neutral. A report published by Raymond James on February 12, 2024, Downgraded its rating to ‘Mkt Perform’ for NWL. Truist also Downgraded NWL shares as ‘Hold’, setting a target price of $8 on the company’s shares in a report dated October 30, 2023. JP Morgan October 30, 2023d the rating to Neutral on October 30, 2023, and set its price target from $11 to $7. Raymond James October 23, 2023d its ‘Strong Buy’ rating to ‘Outperform’ for NWL, as published in its report on October 23, 2023. Canaccord Genuity’s report from July 11, 2023 suggests a price prediction of $13 for NWL shares, giving the stock a ‘Buy’ rating. Citigroup also rated the stock as ‘Neutral’.
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Analysis of Newell Brands Inc (NWL)
A return on investment can be expected regardless of NWL’s performance over the next quarter with the dividend set at $0.28 per share. Further, the quarter-over-quarter decrease in sales is -7.76%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Newell Brands Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -8.38% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.51, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and NWL is recording an average volume of 6.72M. On a monthly basis, the volatility of the stock is set at 4.41%, whereas on a weekly basis, it is put at 4.32%, with a loss of -5.22% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.05, showing growth from the present price of $7.08, which can serve as yet another indication of whether NWL is worth investing in or should be passed over.
How Do You Analyze Newell Brands Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.39%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 96.52% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NWL shares are owned by institutional investors to the tune of 96.52% at present.
