A Critical Moment For Newell Brands Inc. (NWL), Pier 1 Imports, Inc. (PIR) – The RNS Daily

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A look at its monthly performance shows that Newell Brands Inc. (NASDAQ:NWL) has recorded a -28.34% fall over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -45.98% and is now down by -16.89% since start of this year. The equity price sank -0.32% this week, a trend that has led to both investors and traders taking note of the stock. Its equity price dipped by -34% over the past three months which led to its overall six-month decrease to stand at -28.01%.

The shares of Newell Brands Inc. (NWL) dropped by -47.14% or -$13.78 from its last recorded high of $29.23 which it attained on March 16 to close at $15.45 per share. Over the past 52 weeks, the shares of Newell Brands Inc. has been trading as low as $15.11 before witnessing a massive surge by 2.25% or $0.34. This price movement has led to the NWL stock receiving more attention and has become one to watch out for. It dipped by -0.13% on Thursday and this got the market worried. The stock’s beta now stands at 1.07 and when compared to its 200-day moving average and its 50-day moving average, NWL price stands -28.13% below and -18.97% below respectively. Its average daily volatility for this week is 3.14% which is less than the 3.26% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Newell Brands Inc. with most of them predicting a $19.1 price target on a short-term (12 months) basis. The average price target by the analysts will see a 23.62% rise in the stock and would lead to NWL’s market cap to surge to $8.11B. The stock has been rated an average 2.7, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 13 analysts that track Newell Brands Inc. (NASDAQ:NWL) and find out that 11 of them rated it as a Hold. 2 of the 2 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at NWL technical analysis shows that its 14-day Relative Strength Index (RSI) is in a oversold zone after reaching 24.09 point. Its trading volume has lost -29302 shares compared to readings over the past three months as it recently exchanged 7160698 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 7190000 shares, and this is 1 times the normal volume.

The price of Pier 1 Imports, Inc. (NYSE:PIR) currently stands at $0.78 after it went down by $-0.32 or -29.09% and has found a strong support at $0.52 a share. If the PIR price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $0.26 mark would also be bad for the stock as it means that the stock would plunge by 66.67% from its current position. However, if the stock price is able to trade above the resistance point around $1.08, then it could likely surge higher to try and break the upward resistance which stands at $1.38 a share. Its average daily volatility over the past one month stands at 16.23%. The stock has plunged by 28.21% from its 52-weeks high of $0.56 which it reached on Apr. 18, 2018. In general, it is 64.1% above its 52-weeks lowest point which stands at $0.28 and this setback was observed on Dec. 31, 2018.

Analysts have predicted a price target for Pier 1 Imports, Inc. (PIR) for 1 year and it stands at an average $0.92/share. This means that it would likely increase by 17.95% from its current position. The current price of the stock has been moving between $0.56 and $1.12. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $0.75. On the other hand, one analyst is super bullish about the price, setting a target as high as $1.

The PIR stock Stochastic Oscillator (%D) is at 25.44%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 0.04 which compares to the 3.29 recorded by the industry or the 2 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 0, which is lower than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -34.8% over the past five years.

Analysts view Pier 1 Imports, Inc. (NYSE:PIR) as a Sell, with 3.2 consensus rating. Reuters surveyed 5 analysts that follow PIR and found that 4 of those analysts rated the stock as a Hold. The remaining 1 were divided, with 0 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Pier 1 Imports, Inc. (PIR) shares or sell it if they already own it.

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