For the period that ended November 15, 2019, the short interest in Newell Brands Inc. (NASDAQ:NWL) stock is on the down. The 13.56% decline could be an indication that investors and traders expect a growth in the share price, often as a result of an advancement in the business’ fundamentals. The average brokerage opinion at 2.8 suggests acquiring these shares. Between October 31 and November 15, the total count of shorted shares totalled 25.85 million. That number was 4,055,737 less shares compared with the total of 29.9 million shares in the space of prior two weeks, which suggests more traders or funds are betting that the company stock will move up. The average daily volume for NWL at the November 15th settlement surged to 4,748,132, versus 4,440,455 at the October 31st report. That led days to cover to move at 5.443573, a 19.16% decrease compared to the 6.734116 days to cover recorded at the prior short interest data release.
On December 03, 2019, Newell Brands Inc. (NASDAQ:NWL) shares lost -2.87% or -0.55 points to close at $18.63 with a thin trading volume of 3.154 million shares. It opened the trading session at $18.93, the shares rose to $18.97 and dropped to $18.6, the range by which the price of stock traded the whole day. The company now has a market cap of $7.91 billion and currently has 424.72 million outstanding shares. Newell Brands Inc. (NWL) stock has plunged -9.56 percent of market value in 21 trading days.
NWL stock’s trailing 3-year beta is 1.04, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was -$1.13 share in the trailing 52 weeks. The stock’s value surged 0.22 percent year to date (YTD) compared to a decline of -20.38 percent in 52 week’s period. The firm’s shares are still trading -24.18 percent below its 1-year high of $24.57 and 42.87 percent up from 52-week low of $13.04. The average consensus ranking on the company is 2.8, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.
Newell Brands Inc. (NWL) is most likely going to rise 9.77 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $25-month high price target. This represents a whopping 34.19 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $20, which means a return possibility of 7.35 percent in comparison with the closing price of the stock of $18.63 on December 03. The lowest price set for the stock is $16.5 — just above -11.43 percent from NWL share price now.
Past records have indicated that shares in Newell Brands Inc. rose on 23 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of NWL’s Q4 earnings on January 31. Analysts are predicting revenue to climb 10.1 percent to $2.58B in the financial fourth quarter, while EPS will soar by about -46.48 percent to $0.38 per share. Revenue for the quarter was $2.34B, missing the $2.43B analysts had expected. Earnings are seen to rise by -38.4 percent this year, -4.91 percent in the coming year and the trend continues by -11.3 percent every year in the next 5 years.
Let’s take a glimpse at some insider activity at Newell Brands Inc. (NASDAQ:NWL) and observe the pattern. The earliest insider trade happened on 11/07/2019. Craigie James gathered a total of 12.5 thousand shares of the firm at average share price of $20. The total amount for the purchase was set at $250 thousand. On completing this exchange, the Director account balance was 42.84 thousand shares. The stock lost -6.85 percent from that insider purchase. On 08/15/2019, TODMAN MICHAEL, Director, did a purchase of 5 thousand shares at a price of $15.76 per share. This increased 78.8 thousand shares to the insider’s fortune and the stock experienced a 18.21 percent rally in price since the news became public. This exchange saw 72.18 thousand shares get into the Director account.
The stock is lingering around the initial support level of $18.5. After this, the following support is at the zone of $18.36. Up until the time the NWL stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 40.72 on the daily chart, and this may be a cause for concern. In case the price goes below $18.36 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $18.87 level may cause a pull-back move approaching $19.1 mark.
The industry NWL deals with has an average P/E of 71.3. Its P/B ratio is standing at 1.9X compared to the 8.7 industry average. It is additionally sporting a 1 on the Price-to-Sales ratio, compared to the industry’s P/S average of 3.3. Newell Brands Inc. has a 33.8% gross profit margin, with its operating margin around -4%. Alongside this, the company’s net profit margin currently stands at -9.2%.