Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. 3M Co’s current trading price is -8.24% away from its 52-week high, while its distance from the 52-week low is 71.46%. The stock’s price range during this period has varied between $75.65 and $141.34. The company, active in the Industrials sector, saw a trading volume of around 3.2 million for the day, considerably lower average daily volume of 3.27 million observed over the last three months.
3M Co had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $141.34 on 10/22/24, while the lowest price during the same period was $75.65 on 03/04/24.
How Financial Performance Impacts Market Capitalization
3M Co (MMM) has experienced a quarterly decline of -4.23% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 70.63B and boasts a workforce of 85000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 131.29, with a change in price of +5.53. Similarly, 3M Co recorded 3,359,253 in trading volume during the last 100 days, posting a change of +4.45%.
How MMM’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to 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, the raw stochastic average of 3M Co over the last 50 days is at 30.88%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 42.41%. Further, the company’s Stochastic %K and %D values for the last 20 days were 38.43% and 38.37%, respectively.
MMM Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 0.47%. However, over the past six months, we’ve seen a weaker performance of 27.63%. The price of MMM leaped by -2.40% over the last 30 days. And in the last five days, it has fallen by -0.51%.
