3M Co. (NYSE:MMM) currently has a daily average trading volume of 6.31M but it saw 6058688 shares traded in last market. With a market cap of 51.57B USD, the company’s current market price of $93.19 came rising about 0.38 while comparing to the previous closing price of $92.84. In past 52 weeks, the stock remained buoying in the range of price level as high as $94.59 and as low as $71.35.
Taking a look at 20-day trading activity of 3M Co. (MMM) gives us an average price of $86.29, while its current price level is -1.48% below from 52-week high level whereas it is 30.60% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $81.19 while that of 200 days or SMA-200 reads an average of $82.95. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.07% during that period while stretching the period over a month that decreases to 2.49%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 70.01 which implies that the stock is in overbought territory.
Barclays upgraded its recommendation for the stock as a “Overweight” from “Equal Weight” on March 19, 2024 while assigning a price target range of $111-$126. Barclays issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $98 and $107.
Over the week, MMM’s stock price is moving 8.60% up while it is 21.90% when we observe its performance for the past one month. Year-to-date it is 1.96% up and over the past year, the stock is showing an upside performance of 6.04%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of $2.42 beat the consensus estimate of $2.31 for the same. For MMM, analysts are forecasting an EPS-growth rate of -15.90% for current year and estimate for EPS growth in next year is 2.60%. In next quarter, company is expected to be making quarterly sales of $6.35 billion as analysts are expecting the sales for current fiscal year at $25.95 billion and seeing the company making $25.84 billion in sales next year. Moreover, analysts are in estimates of $6.84 billion for current-quarter revenue.
Currently, 3M Co.’s total number of outstanding shares is 553.36M with 0.10% of that held by the insiders while 66.83% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -37.83% and return on equity (ROE) at -71.64%. It has a 10.44 of forward P/E ratio. Stock’s beta reads 1.03. Stock has a price to book (P/B) ratio of 10.71 while price to sale or P/S ratio amounts to 1.58. Its return on asset (ROA) is -14.42% on average.
