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Charting the Course: 3M Co.’s MMM Stock Prospects

The stock market performance of 3M Co. has been very steady. Over the last year, the company’s stock hit its highest at $94.59 on 07/27/23, while the lowest price during the same time frame was $71.35, recorded on 10/23/23.

52-week price history of MMM Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. 3M Co.’s current trading price is -0.61% away from its 52-week high, while its distance from the 52-week low is 31.76%. The stock’s price range for this period has remained between $71.35 and $94.59. The Industrials sector company’s shares managed to surpass a trading volume of around 12.98 million for the day, which was noticeably higher compared to the shares’ average daily volume of 6.06 million over the last three months.

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Financial Performance and Market Capitalization

3M Co. (MMM) has experienced a quarterly rise of 2.52% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 52.03B and boasts a workforce of 85000 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 99.58, with a change in price of +0.16. Similarly, 3M Co. recorded 4,575,928 in trading volume during the last 100 days, posting a change of +0.17%.

MMM Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for MMM stands at 3.51. Similarly, the long-term debt-to-equity ratio is also 2.85.

MMM Stock Stochastic Average

As of today, the raw stochastic average of 3M Co. over the last 50 days is at 27.34%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 27.62%. Further, the company’s Stochastic %K and %D values for the last 20 days were 64.76% and 73.34%, respectively.

MMM Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Year to date metric has recorded a gain of 2.87%.However, over the last six months, we can see a weaker performance of 20.58%. Over the last 30 days, the price of MMM has fallen by 22.07%. And in the last five days, it has surged by 5.31%.

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