Newell Brands Inc (NASDAQ:NWL) price on Friday, November 15, fall -1.79% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.80.
A look at the stock’s price movement, the close in the last trading session was $8.96, moving within a range at $8.74 and $8.975. The beta value (5-Year monthly) was 0.88. Turning to its 52-week performance, $9.68 and $5.39 were the 52-week high and 52-week low respectively. Overall, NWL moved 14.58% over the past month.
Newell Brands Inc’s market cap currently stands at around $3.66 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-07. The company has a Forward Dividend ratio of 0.28, with its dividend yield at 3.18%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.97B for the company’s revenue for the quarter, with a low and high estimate of 1.96B and 1.99B respectively. The average forecast suggests down to a -5.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 7.61B, representing a -6.47% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NWL is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
11 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 6 analyst(s) rate the stock as a Hold, 5 recommend NWL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NWL’s current price about 1.36% and 10.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.47, while 7-day volatility ratio is 3.30% and 4.45% in the 30-day chart. Further, Newell Brands Inc (NWL) has a beta value of 0.88, and an average true range (ATR) of 0.37. Analysts have given the company’s stock an average 52-week price target of $13, forecast between a low of $8 and high of $28. Looking at the price targets, the low is 9.09% off current price level while to achieve the yearly target high, price needs to move -218.18%. Nonetheless, investors will most likely welcome a -47.73% jump to $13 which is the analysts’ median price.
If we refocus on Newell Brands Inc (NASDAQ:NWL), historical trading data shows that trading volumes averaged 4.88 over the past 10 days and 6.69 million over the past 3 months. The company’s latest data on shares outstanding shows there are 416.00 million shares.
The 0.38% of Newell Brands Inc’s shares are in the hands of company insiders while institutional holders own 92.53% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 11.57 million on 2024-10-31, giving us a short ratio of 1.86. The data shows that as of 2024-10-31 short interest in Newell Brands Inc (NWL) stood at 473.99997999999994 of shares outstanding, with shares short falling to 11.92 million registered in 2024-09-30. Current price change has pushed the stock 1.38% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NWL stock continues to rise going into the next quarter.
