One of the most dreaded feelings for an investor is when the stock they just bought is overvalued, or they missed out on an undervalued opportunity by not acting fast enough.

But what if you had the insights to effectively evaluate a company like Newell Brands Inc before investing? Investing requires a certain perspective to avoid being overly confident in a company or worried about cyclical changes. A smart way to take the guesswork out of knowing when to buy or sell Newell Brands Inc’s stock is to have the right tools and resources as well as a clear monitoring process.

In this article, we go over a few key elements for understanding Newell Brands Inc’s stock price such as:

• Current stock price and volume
• Stock price history
• Upgrades and downgrades from analysts
• Stock price momentum as measured by its relative strength

About Newell Brands Inc (NWL)

Before we jump into Newell Brands Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Newell Brands Inc. is a consumer goods company. The Company?s segments include Commercial Solutions, Home Appliances, Home Solutions, Learning and Development and Outdoor and Recreation. Commercial Solutions segment offers a range of commercial cleaning and maintenance solutions primarily under the Rubbermaid, Mapa, Quickie and Spontex brands. Home Appliances segment offers household products, including kitchen appliances under Calphalon, Crockpot, Mr. Coffee, Oster and Sunbeam brands. Home Solutions segment provides food and home storage products, fresh preserving products, gourmet cookware, bakeware and cutlery and home fragrance products. Learning and Development, which provides baby gear and infant care products; writing instruments, including markers and highlighters, art products; activity-based adhesive and cutting products and labeling solutions. Outdoor and Recreation segment offers products for outdoor and outdoor-related activities under Campingaz, Marmot and Coleman brands.

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Newell Brands Inc’s Stock Price as of Market Close

As of February 24, 2023, 4:00 PM CST, Newell Brands Inc’s stock price was $14.55.

Newell Brands Inc is down 1.82% from its previous closing price of $14.82.

During the last market session, Newell Brands Inc’s stock traded between $14.64 and $15.39. Currently, there are 415.70 million shares of Newell Brands Inc stock available for purchase.

Newell Brands Inc’s price-earnings (P/E) ratio is currently at 31.4, which is high compared to the Appliances, Tools & Housewares industry median of 18.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Newell Brands Inc Stock Price History

Newell Brands Inc’s (NWL) price is currently down 8.83% so far this month.

During the month of February, Newell Brands Inc’s stock price has reached a high of $16.76 and a low of $13.46.

Over the last year, Newell Brands Inc has hit prices as high as $24.70 and as low as $12.25. Year to date, Newell Brands Inc’s stock is down 33.38%.

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What Caused Newell Brands Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 23, 2023, there were 10 analysts who downgraded Newell Brands Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Newell Brands Inc’s financial health and valuation. It is possible for a stock to appear cheap based on one valuation metric but appear expensive on another. It is also possible for one valuation ratio to be associated with outperforming stocks during certain periods of time but not others.

Therefore, AAII developed a composite valuation to help resolve such issues. AAII’s Value Grade analyzes six distinct variables: price-to-sales (P/S) ratio, price-earnings (P/E) ratio, the ratio of enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), shareholder yield, price-to-book-value (P/B) ratio and price-to-free-cash-flow (P/FCF) ratio.

Newell Brands Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Newell Brands Inc (NWL) by visiting AAII Stock Evaluator.

Relative Price Strength of Newell Brands Inc

Relative price strength addresses the relationship between a stock price’s trend and the price trend of the market. This ratio is expressed as a percentage and helps investors understand a company’s momentum as well as its value. You can use relative price strength to select investments that have been outperforming the market or a specific benchmark.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. The weighted four-quarter relative price strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40%, and each of the three previous quarters are given a weighting of 20%.

As of February 23, 2023, Newell Brands Inc has a weighted four-quarter relative price strength of -4.27%, which translates to a Momentum Score of 32 and is considered to be Weak.

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Newell Brands Inc Stock Price: Bottom Line

As of February 24, 2023, Newell Brands Inc’s stock price is $14.55, which is down 1.82% from its previous closing price.

At AAII, we stress that investors should never buy or sell a stock solely based on its stock price. Past returns do not guarantee future performance. Therefore, you should consider multiple ratios, fundamentals and analytics before making a decision. Whether you decide it’s a good time to buy or sell Newell Brands Inc’s stock based on its stock price forecast is ultimately up to you.

It’s important to understand that stock prices are driven by a variety of factors, but ultimately the price at any given moment is due to the supply and demand in the market. Stock price overviews, like the one you just read, only give you a small snapshot of a company’s performance, value and momentum.

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