The price of Newell Brands Inc (NASDAQ:NWL) shares last traded on Wall Street fell -2.75% to $5.31.
NWL stock price is now -3.35% away from the 50-day moving average and -30.83% away from the 200-day moving average. The market capitalization of the company currently stands at $2.22B.
With the price target enhanced from $10 to $17, Truist Upgraded its rating from Hold to Buy for Newell Brands Inc (NASDAQ: NWL). On November 20, 2024, Barclays Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $8 to quote $10, while ‘UBS’ rates the stock as ‘Neutral’
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 0.50% of the company’s stock is owned by insiders.
During the past 12 months, Newell Brands Inc has had a low of $4.22 and a high of $11.78. As of last week, the company has a debt-to-equity ratio of 2.03, a current ratio of 1.13, and a quick ratio of 0.54.
The net profit margin was -3.26% and return on equity was -8.46% for NWL. The company reported revenue of $1.57 billion for the quarter, compared to $1.65 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.26 percent. For the current quarter, analysts expect NWL to generate $1.95B in revenue.
