3M Co. (NYSE:MMM) price closed lower on Tuesday, April 16, dropping -0.27% below its previous close.
A look at the daily price movement shows that the last close reads $91.30. Taking into account the 52-week price action we note that the stock hit a 52-week high of $95.67 and 52-week low of $71.35. The stock added 3.72% on its value in the past month.
3M Co., which has a market valuation of $50.38 billion. The company stock has a Forward Dividend ratio of 6.01, while the dividend yield is 6.60%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give MMM a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that MMM’s price is at present 0.62% off the SMA20 and 9.23% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 58.01, with weekly volatility standing at 1.78%. The indicator jumps to 2.42% when calculated based on the past 30 days. 3M Co. (NYSE:MMM)’s beta value is holding at 1.01, while the average true range (ATR) indicator is currently reading 2.08.
An analysis of the 3M Co. (NYSE:MMM) stock in terms of its daily trading volume indicates that the 3-month average is 6.43 million.
Current records show that the company has 552.58M in outstanding shares. The insiders’ percentage holdings are 6.29% of outstanding shares while the percentage share held by institutions stands at 67.03%. But the -0.38% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
