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 $26.04, down from yesterday’s close by -1.06%. 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

Newell Brands Inc. (NWL) currently trades with a market capitalization of $12.66 Billion. That value represents a market adjusting for revenues that have been falling by -7.62 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $418.9 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.79 on a per share basis this quarter. Perhaps, that suggests something about why 1.66% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Newell Brands Inc. recorded a 52-week high of $55.08. It is now trading 29.04% off that level. The stock is trading $26.08 its 50-day moving average by 0.039999999999999%. The stock carved out a 52-week low down at $22.60.

In recent action, Newell Brands Inc. (NWL) has made a move of -1.14% 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 14.57, and it’s gotten there by action that has been less 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 8.47% with $482.52 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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