3M Co (NYSE:MMM) shares, rose in value on Wednesday, March 26, with the stock price down by -0.53% to the previous day’s close as strong demand from buyers drove the stock to $152.68.
Actively observing the price movement in the last trading, the stock closed the session at $153.50, falling within a range of $152.055 and $154.43. The value of beta (5-year monthly) was 1.017 whereas the PE ratio was 20.23 over 12-month period. Referring to stock’s 52-week performance, its high was $156.35, and the low was $85.61. On the whole, MMM has fluctuated by 4.19% over the past month.
With the market capitalization of 3M Co currently standing at about $82.89 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-20. The company’s Forward Dividend Ratio is 2.83, with its dividend yield at 1.85%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 24.01B, with a low estimate of 5.73B and a high estimate of 5.8B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.78B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MMM’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 PEG ratio is about 2.38, with the price of MMM currently trading nearly 1.58% and 2.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.73, while the 7-day volatility ratio is showing 1.76% which for the 30-day chart, stands at 2.73%. Furthermore, 3M Co (MMM)’s beta value is 0.99, and its average true range (ATR) is 3.57.
A comparison of 3M Co (MMM) with its peers suggests the former has fared considerably weaker in the market. MMM showed an intraday change of -0.53% in last session, and over the past year, it grew by 71.02%%.
Data on historical trading for 3M Co (NYSE:MMM) indicates that the trading volumes over the past 10 days have averaged 3.7 and over the past 3 months, they’ve averaged 4.07 million. According to company’s latest data on outstanding shares, there are 542.90 million shares outstanding.
Nearly 0.10% of 3M Co’s shares belong to company insiders and institutional investors own 68.77% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.65 million shares as on 2025-03-14, resulting in a short ratio of 2.31. According to the data, the short interest in 3M Co (MMM) stood at 197.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 7.53 million. The stock has risen by 18.27% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MMM stock heading into the next quarter.
