The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 40.17%.However, over the last six months, we can see a weaker performance of 28.74%. Over the last 30 days, the price of MMM has fallen by 0.16%. And in the last five days, it has fallen by -3.18%.
3M Co’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $141.34 on 10/22/24 and a low of $75.65 for the same time frame on 03/04/24.
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52-week price history of MMM Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. 3M Co’s current trading price is -9.36% away from its 52-week high, while its distance from the 52-week low is 69.36%. The stock’s price range during this period has varied between$75.65 and $141.34. The 3M Co’s shares, which operate in the Industrials, saw a trading volume of around 0.99 million for the day, a figure considerably lower than their average daily volume of 3.57 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
3M Co (MMM) has experienced a quarterly decline of -1.87% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 69.76B and boasts a workforce of 85000 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 126.40, with a change in price of +26.87. Similarly, 3M Co recorded 3,925,700 in trading volume during the last 100 days, posting a change of +26.44%.
MMM’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for MMM stands at 2.97. Similarly, the long-term debt-to-equity ratio is also 2.53.
MMM Stock Stochastic Average
As of today, 3M Co’s raw stochastic average for the last 50 days stands at 23.69%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 36.81%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 33.89% and 33.26%, respectively.
