The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. 3M Co.’s current trading price is -0.43% away from its 52-week high, while its distance from the 52-week low is 33.50%. The stock’s price range for this period has been between $71.35 and $95.67 The company’s shares, which are part of the Industrials sector, had a trading volume of approximately 8.87 million for the day, a number notably higher than the average daily volume of 5.74 million over the last three months.
3M Co. experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $95.67 on 04/30/24, while the lowest price for the same period was registered at $71.35 on 10/23/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
3M Co. (MMM) has experienced a quarterly rise of 18.99% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 52.71B and boasts a workforce of 85000 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 85.67, with a change in price of +10.37. Similarly, 3M Co. recorded 5,541,083 in trading volume during the last 100 days, posting a change of +12.24%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to 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
3M Co.’s raw stochastic average for the past 50 days is presently 88.19%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 67.84%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 53.01% and 51.28%, respectively.
MMM Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price gain of 4.22% this year. Over the last six months, there has been a weaker performance of 30.18%. The price of MMM fallen by 1.32% during the last 30 days period. For the last 5-days stocks have improved 2.43%.
