In last trading session, Newell Brands Inc (NASDAQ:NWL) saw 5.39 million shares changing hands with its beta currently measuring 0.90. Company’s recent per share price level of $7.87 trading at $0.19 or 2.47% at ring of the bell on the day assigns it a market valuation of $3.27B. That closing price of NWL’s stock is at a discount of -17.41% from its 52-week high price of $9.24 and is indicating a premium of 31.51% from its 52-week low price of $5.39. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.71 million shares which gives us an average trading volume of 6.78 million if we extend that period to 3-months.
For Newell Brands Inc (NWL), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.86. Splitting up the data highlights that, out of 11 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.16 in the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Newell Brands Inc (NASDAQ:NWL) trade information
Upright in the green during last session for gaining 2.47%, in the last five days NWL remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $7.87 price level, adding 0.63% to its value on the day. Newell Brands Inc’s shares saw a change of -9.33% in year-to-date performance and have moved 3.55% in past 5-day. Newell Brands Inc (NASDAQ:NWL) showed a performance of 5.21% in past 30-days. Number of shares sold short was 11.92 million shares which calculate 1.28 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 15.5 to the stock, which implies a rise of 49.23% to its current value. Analysts have been projecting 8 as a low price target for the stock while placing it at a high target of 28. It follows that stock’s current price would drop -1.65% in reaching the projected high whereas dropping to the targeted low would mean a loss of -1.65% for stock’s current value.
Newell Brands Inc (NWL) estimates and forecasts
Statistics highlight that Newell Brands Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 14.39% of value to its shares in past 6 months, showing an annual growth rate of -17.72% while that of industry is 1.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -6.00% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.95B for the same. And 9 analysts are in estimates of company making revenue of 2B in the next quarter. Company posted 2.05B and 2.08B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 43.59% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -18.29% while estimates for its earnings growth in next 5 years are of 8.88%.
NWL Dividends
Newell Brands Inc is more likely to be releasing its next quarterly report on 2024-Oct-25 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 3.56%, the share has a forward dividend of 0.28 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 5.14%.
Newell Brands Inc (NASDAQ:NWL)’s Major holders
Insiders are in possession of 0.36% of company’s total shares while institution are holding 98.02 percent of that, with stock having share float percentage of 98.38%. Investors also watch the number of corporate investors in a company very closely, which is 98.02% institutions for Newell Brands Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at NWL for having 69.06 million shares of worth $442.66 million. And as of 2024-06-30, it was holding 16.6525 of the company’s outstanding shares.
The second largest institutional holder is PZENA INVESTMENT MANAGEMENT LLC, which was holding about 52.48 million shares on 2024-06-30. The number of shares represents firm’s hold over 12.6547 of outstanding shares, having a total worth of $336.39 million.
