The stock of Newell Brands Inc (NASDAQ:NWL) last traded at $10.31, up 3.83% from the previous session.
NWL stock price is now 20.80% away from the 50-day moving average and 34.84% away from the 200-day moving average. The market capitalization of the company currently stands at $4.45B.
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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, Platt Tracy L, Chief Human Resources Officer sold 23,343 shares of the company’s stock on Dec 06 ’24. The stock was sold for $240,666 at an average price of $10.31. Upon completion of the transaction, the Chief Human Resources Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06 ’24, Officer Platt Tracy L bought 23,343 shares of the business’s stock. A total of $240,563 was incurred on buying the stock at an average price of $10.31. 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 $10.18. 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 $8.535 and a two-hundred day moving average price translates $7.6459 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.
