Checking the Overall Picture for Newell Brands Inc. (NWL)

Newell Brands Inc. (NWL) is an interesting player in the Consumer Goods space, with a focus on Housewares & Accessories. The stock has been active on the tape, currently trading at $53.85, down from yesterday’s close by -0.09%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Money managers are always interested in a company that can find the right recipe of fundamental data because it reflects something important going on underneath the surface. Newell Brands Inc. (NWL) currently trades with a market capitalization of $25.84 Billion. That value represents a market adjusting for revenues that have been growing by 148.41 % on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For NWL, the company currently has $687.5 Million of cash on the books, which is offset by $852.5 Million current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $1.48 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.85 on a per share basis this quarter. Perhaps, that suggests something about why 94.64% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Newell Brands Inc. recorded a 52-week high of $55.45. It is now trading 1.6% off that level. The stock is trading $53.21 its 50-day moving average by -0.64%. The stock carved out a 52-week low down at $43.43.

In recent action, Newell Brands Inc. (NWL) has made a move of -1.27% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 1.7, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 3.63% with $478.48 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of NWL.

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