3M Co (NYSE:MMM) shares, rose in value, with the stock price up by 0.48% to the previous day’s close as strong demand from buyers drove the stock to $149.37.
Actively observing the price movement in the recent trading, the stock is buoying the session at $148.66. The PE ratio was 18.87 over 12-month period. Referring to stock’s 52-week performance, its high was $156.35, and the low was $96.76. On the whole, MMM has fluctuated by 7.94% over the past month.
With the market capitalization of 3M Co currently standing at about $80.39 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 2.86, with its dividend yield at 1.91%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 23.99B, with a low estimate of 6.04B and a high estimate of 6.24B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.09B.
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 50% 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 2.45, with the price of MMM currently trading nearly 1.80% and 4.66% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.28, while the 7-day volatility ratio is showing 1.16% which for the 30-day chart, stands at 1.93%. Furthermore, 3M Co (MMM)’s beta value is 1.01, and its average true range (ATR) is 3.58.
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 0.48% in today’s session so far, and over the past year, it grew by 49.86%%.
Data on historical trading for 3M Co (NYSE:MMM) indicates that the trading volumes over the past 3 months, they’ve averaged 4.03 million. According to company’s latest data on outstanding shares, there are 538.18 million shares outstanding.
Nearly 0.10% of 3M Co’s shares belong to company insiders and institutional investors own 72.92% of the company’s shares. The stock has risen by 15.71% 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.
