3M Co’s (NYSE:MMM) Stock Loses -0.21%: A Look At Its Most Probable Path Moving Forward

3M Co (NYSE:MMM) shares, rose in value, with the stock price down by -0.21% to the previous day’s close as strong demand from buyers drove the stock to $142.21.

Actively observing the price movement in the recent trading, the stock is buoying the session at $142.51. The PE ratio was 17.96 over 12-month period. Referring to stock’s 52-week performance, its high was $156.35, and the low was $98.26. On the whole, MMM has fluctuated by -7.75% over the past month.

With the market capitalization of 3M Co currently standing at about $76.53 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Apr-22. The company’s Forward Dividend Ratio is 2.86, with its dividend yield at 2.01%.

The stock’s technical analysis shows that the PEG ratio is about 2.32, with the price of MMM currently trading nearly -2.67% and -0.43% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.69, while the 7-day volatility ratio is showing 1.82% which for the 30-day chart, stands at 1.31%. Furthermore, 3M Co (MMM)’s beta value is 1.01, and its average true range (ATR) is 3.00.

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 -0.21% in today’s session so far, and over the past year, it grew by 41.46%%.

Data on historical trading for 3M Co (NYSE:MMM) indicates that the trading volumes over the past 3 months, they’ve averaged 3.60 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 72.80% of the company’s shares. The stock has risen by 10.16% 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.

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