Newell Brands Inc (NASDAQ:NWL) price on Thursday, May 22, rose 3.68% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.64.
A look at the stock’s price movement, the close in the last trading session was $5.44. Turning to its 52-week performance, $11.78 and $4.22 were the 52-week high and 52-week low respectively. Overall, NWL moved 14.17% over the past month.
Newell Brands Inc’s market cap currently stands at around $2.36 billion, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 0.28, with its dividend yield at 4.96%. 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 1.95B for the company’s revenue for the quarter, with a low and high estimate of 1.92B and 1.96B respectively. The average forecast suggests down to a -4.25% 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 7.35B, representing a -3.05% 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 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell 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 4.07% and 1.38% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.67, while 7-day volatility ratio is 3.86% and 4.75% in the 30-day chart. Further, Newell Brands Inc (NWL) has a beta value of 0.96, and an average true range (ATR) of 0.29. Analysts have given the company’s stock an average 52-week price target of $17, forecast between a low of $17 and high of $17. Looking at the price targets, the low is -201.42% off current price level while to achieve the yearly target high, price needs to move -201.42%. Nonetheless, investors will most likely welcome a -201.42% jump to $17 which is the analysts’ median price.
If we refocus on Newell Brands Inc (NASDAQ:NWL), historical trading data shows that trading volumes averaged 9.78 million over the past 3 months. The company’s latest data on shares outstanding shows there are 417.70 million shares.
The 0.49% of Newell Brands Inc’s shares are in the hands of company insiders while institutional holders own 98.46% of the company’s shares. Current price change has pushed the stock -43.37% 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.
