Newell Brands Inc (NASDAQ:NWL) shares traded 2.36% higher at $9.56 on Wall Street last session.
NWL stock price is now 16.27% away from the 50-day moving average and 26.12% away from the 200-day moving average. The market capitalization of the company currently stands at $4.07B.
With the price target enhanced from $8 to $10, Barclays Upgraded its rating from Equal Weight to Overweight for Newell Brands Inc (NASDAQ: NWL). On February 16, 2024, UBS Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $10 to quote $8.50, while ‘Raymond James’ rates the stock as ‘Mkt Perform’
In other news, Turner Bradford R, Chief Legal & Admin. Officer sold 20,000 shares of the company’s stock on Nov 05 ’24. The stock was sold for $179,200 at an average price of $8.96. Upon completion of the transaction, the Chief Legal & Admin. Officer now directly owns 230,254 shares in the company, valued at $2.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 05 ’24, Officer Turner Bradford R bought 20,000 shares of the business’s stock. A total of $179,200 was incurred on buying the stock at an average price of $8.96. A total of 0.38% of the company’s stock is owned by insiders.
During the past 12 months, Newell Brands Inc has had a low of $5.39 and a high of $9.72. As of last week, the company has a debt-to-equity ratio of 1.92, a current ratio of 0.99, and a quick ratio of 0.50. The fifty day moving average price for NWL is $8.1776 and a two-hundred day moving average price translates $7.5691 for the stock.
The latest earnings results from Newell Brands Inc (NASDAQ: NWL) was released for 2024-09-30. The net profit margin was -3.22% and return on equity was -8.29% for NWL. The company reported revenue of $1.95 billion for the quarter, compared to $2.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.93 percent.
