On September 19, 2023, a significant transaction in the securities market took place, known as a block trade. These trades are conducted privately, away from public markets, in order to minimize the impact on the price of the security involved. Generally, hedge funds and institutional investors, facilitated by investment banks and intermediaries, engage in block trades. However, it’s worth noting that high-net-worth accredited investors may also have the opportunity to participate.
For the purpose of this discussion, let’s delve into a specific block trade that occurred. The information provided, “NWL 562,308 @ $9.64,” suggests that this trade involved 562,308 shares of NWL stock, with each share priced at $9.64. Nonetheless, without further details, it remains unclear who the buyer and seller were, as well as whether this transaction stood alone or was part of a larger series of trades.
Newell Brands Inc.
NWL
Buy
Updated on: 02/10/2023
Financial Health
Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
NWL Stock Performance: Stable but Challenging Financials and Future Prospects
On September 19, 2023, NWL stock had a relatively stable performance. The stock opened at $9.50 and traded within a range of $9.49 to $9.79. The volume for the day was 193,981 shares, significantly lower than the average volume of 7,533,510 shares over the past three months.
NWL operates in the producer manufacturing sector and is classified under the industrial conglomerates industry. The company’s financial performance has been challenging, with negative earnings growth in the previous year and the current year. The earnings growth forecast for the next five years is also negative. Similarly, the revenue growth in the previous year was negative.
The price/sales ratio for NWL is 0.58, indicating that investors are valuing the company’s sales at a relatively low multiple. The price/book ratio is 1.12, suggesting that the market values the company’s assets slightly higher than their book value.
NWL reported an annual profit of $197.0 million last year, resulting in a net profit margin of 2.08%. The profit margin is relatively low, indicating modest profitability.
On September 19, 2023, NWL ended the day with a slight decline of -0.06 or -1.24%. This performance was in contrast to some other companies in the same sector and industry.
NWL’s next reporting date is scheduled for October 27, 2023, where the company will release its financial results for the quarter. The earnings per share forecast for this quarter is $0.46. In the previous fiscal year, NWL generated annual revenue of $9.5 billion.
Overall, NWL’s stock performance on September 19, 2023, was relatively stable, with a slight decline. The company’s financials have been challenging, with negative earnings growth and declining revenue. Investors will be closely watching the upcoming earnings report to assess the company’s performance and future prospects.
Newell Brands Inc (NWL) Stock Forecast: Potential 29.87% Increase According to Analysts
On September 19, 2023, Newell Brands Inc (NWL) stock had a median target price of $12.50, according to 12 analysts offering 12-month price forecasts. The high estimate for the stock was $20.00, while the low estimate was $9.00. This median estimate represents a potential increase of 29.87% from the last recorded price of $9.63.
The consensus among the 12 polled investment analysts is to hold stock in Newell Brands Inc. This rating has remained steady since August, indicating a consistent sentiment among analysts.
Newell Brands Inc is scheduled to report its current quarter earnings on October 27. The company is expected to have earnings per share of $0.46 and sales of $2.2 billion for the quarter.
Investors and analysts will likely be closely monitoring these earnings results to assess the company’s financial performance and evaluate its future prospects.
Overall, the current outlook for Newell Brands Inc suggests a potential increase in stock price according to analysts’ median target. However, investors should always conduct their own research and consider various factors before making any investment decisions.
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