Newell Brands Inc (NASDAQ:NWL) shares, rose in value, with the stock price down by -0.22% to the previous day’s close as strong demand from buyers drove the stock to $8.97.
Actively observing the price movement in the last trading, the stock closed the session at $8.99, falling within a range of $8.8 and $9.05. The value of beta (5-year monthly) was 0.904. Referring to stock’s 52-week performance, its high was $9.68, and the low was $5.39. On the whole, NWL has fluctuated by 19.12% over the past month.
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With the market capitalization of Newell Brands Inc currently standing at about $3.73 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 0.28, with its dividend yield at 3.12%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.61B, with a low estimate of 1.96B and a high estimate of 1.99B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.97B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NWL’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of NWL currently trading nearly 14.83% and 18.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.86, while the 7-day volatility ratio is showing 6.87% which for the 30-day chart, stands at 3.99%. Furthermore, Newell Brands Inc (NWL)’s beta value is 0.90, and its average true range (ATR) is 0.43.
A comparison of Newell Brands Inc (NWL) with its peers suggests the former has fared considerably weaker in the market. NWL showed an intraday change of -0.22% in last session, and over the past year, it grew by 27.96%%.
Data on historical trading for Newell Brands Inc (NASDAQ:NWL) indicates that the trading volumes over the past 10 days have averaged 8.44 and over the past 3 months, they’ve averaged 6.83 million. According to company’s latest data on outstanding shares, there are 416.00 million shares outstanding.
Nearly 0.39% of Newell Brands Inc’s shares belong to company insiders and institutional investors own 96.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.66 million shares as on 2024-10-15, resulting in a short ratio of 2.17. According to the data, the short interest in Newell Brands Inc (NWL) stood at 724.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 24.24 million. The stock has risen by 3.34% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NWL stock heading into the next quarter.
