Newell Brands Inc (NASDAQ:NWL) shares traded -3.52% lower at $10.13 on Wall Street last session.
NWL stock price is now 11.22% away from the 50-day moving average and 29.99% away from the 200-day moving average. The market capitalization of the company currently stands at $4.21B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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 0.38% 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 $11.78. 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 $9.0526 and a two-hundred day moving average price translates $7.7794 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.
