Newell Brands Inc (NASDAQ:NWL) shares, rose in value, with the stock price down by -4.06% to the previous day’s close as strong demand from buyers drove the stock to $10.98.
Actively observing the price movement in the recent trading, the stock is buoying the session at $11.45, falling within a range of $10.665 and $11.45. The value of beta (5-year monthly) is 0.88. Referring to stock’s 52-week performance, its high was $11.78, and the low was $5.39. On the whole, NWL has fluctuated by 20.98% over the past month.
With the market capitalization of Newell Brands Inc currently standing at about $4.57 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.28, with its dividend yield at 2.55%.
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 1.95B and a high estimate of 2B. 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 100% Buy.
The stock’s technical analysis shows that the price of NWL currently trading nearly 10.78% and 23.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.65, while the 7-day volatility ratio is showing 4.48% which for the 30-day chart, stands at 3.72%. Furthermore, Newell Brands Inc (NWL)’s beta value is 0.89, and its average true range (ATR) is 0.44.
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 -4.06% in today’s session so far, and over the past year, it grew by 28.48%%.
Data on historical trading for Newell Brands Inc (NASDAQ:NWL) indicates that the trading volumes over the past 10 days have averaged 6.72 and over the past 3 months, they’ve averaged 6.95 million. According to company’s latest data on outstanding shares, there are 416.00 million shares outstanding.
Nearly 0.38% of Newell Brands Inc’s shares belong to company insiders and institutional investors own 92.39% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.27 million shares as on 2024-11-29, resulting in a short ratio of 1.96. According to the data, the short interest in Newell Brands Inc (NWL) stood at 421.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 11.57 million. The stock has risen by 26.56% 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.
