Market cap of Newell Brands Inc [NWL] reaches 3.72B – now what?

Newell Brands Inc [NASDAQ: NWL] price surged by 4.91 percent to reach at $0.42. The company report on January 8, 2024 at 8:30 AM that Newell Brands Announces Organizational Realignment.

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A sum of 4749564 shares traded at recent session while its average daily volume was at 4.83M shares. Newell Brands Inc shares reached a high of $9.09 and dropped to a low of $8.49 until finishing in the latest session at $8.97.

The one-year NWL stock forecast points to a potential downside of -8.73. The average equity rating for NWL stock is currently 2.77, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Newell Brands Inc [NWL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NWL shares is $8.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NWL stock is a recommendation set at 2.77. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Truist have made an estimate for Newell Brands Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 30, 2023.

The Average True Range (ATR) for Newell Brands Inc is set at 0.34, with the Price to Sales ratio for NWL stock in the period of the last 12 months amounting to 0.45. The Price to Book ratio for the last quarter was 1.19, with the Price to Cash per share for the same quarter was set at 0.96. Price to Free Cash Flow for NWL in the course of the last twelve months was 5.51 with Quick ratio for the last quarter at 0.65.

NWL Stock Performance Analysis:

Newell Brands Inc [NWL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.63. With this latest performance, NWL shares gained by 6.79% in over the last four-week period, additionally sinking by -9.12% over the last 6 months – not to mention a drop of -37.71% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NWL stock in for the last two-week period is set at 61.46, with the RSI for the last a single of trading hit 64.23, and the three-weeks RSI is set at 59.37 for Newell Brands Inc [NWL]. The present Moving Average for the last 50 days of trading for this stock 7.87, while it was recorded at 8.53 for the last single week of trading, and 9.24 for the last 200 days.

Insight into Newell Brands Inc Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Newell Brands Inc [NWL] shares currently have an operating margin of +8.18 and a Gross Margin at +29.68. Newell Brands Inc’s Net Margin is presently recorded at +2.08.

Return on Total Capital for NWL is now 8.09, given the latest momentum, and Return on Invested Capital for the company is 2.16. Return on Equity for this stock inclined to 5.18, with Return on Assets sitting at 1.44. When it comes to the capital structure of this company, Newell Brands Inc [NWL] has a Total Debt to Total Equity ratio set at 170.79. Additionally, NWL Total Debt to Total Capital is recorded at 63.07, with Total Debt to Total Assets ending up at 45.32. Long-Term Debt to Equity for the company is recorded at 149.70, with the Long-Term Debt to Total Capital now at 55.28.

Reflecting on the efficiency of the workforce at the company, Newell Brands Inc [NWL] managed to generate an average of $7,036 per employee. Receivables Turnover for the company is 6.88 with a Total Asset Turnover recorded at a value of 0.69.Newell Brands Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.65 and a Current Ratio set at 1.24.

Newell Brands Inc [NWL] Institutonal Ownership Details

The top three institutional holders of NWL stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in NWL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in NWL stock with ownership which is approximately 5.8325%.