While Newell Brands Inc has overperformed by 0.31%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NWL rose by 24.87%, with highs and lows ranging from $9.72 to $5.39, whereas the simple moving average jumped by 26.36% in the last 200 days.
On November 20, 2024, Barclays Upgraded Newell Brands Inc (NASDAQ: NWL) to Overweight. A report published by UBS on February 16, 2024, Downgraded its rating to ‘Neutral’ for NWL. Truist October 30, 2023d the rating to Hold on October 30, 2023, and set its price target from $20 to $8. JP Morgan October 30, 2023d its ‘Overweight’ rating to ‘Neutral’ for NWL, as published in its report on October 30, 2023. Raymond James’s report from October 23, 2023 suggests a price prediction of $10 for NWL shares, giving the stock a ‘Outperform’ rating. Canaccord Genuity also rated the stock as ‘Buy’.
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Analysis of Newell Brands Inc (NWL)
It’s important to note that NWL shareholders are currently getting $0.35 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter decrease in sales is -4.93%, showing a negative trend in the upcoming months.
Newell Brands Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -8.29% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.50, 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.
For any stock, average volume can be an extremely valuable indicator of volatility, and NWL is registering an average volume of 6.84M. On a monthly basis, the volatility of the stock is set at 3.55%, whereas on a weekly basis, it is put at 3.14%, with a gain of 7.27% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.55, showing decline from the present price of $9.59, 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?
Besides checking the fundamentals, you should also know how many employees own shares in the company. 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 0.38%. 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 92.42% 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 92.42% at present.
