3m Company Stock Price on October 4, 2024
| MMM Stock | USD 127.32 0.52 0.41% |
Below is the normalized historical share price chart for 3M Company extending back to January 02, 1962. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of 3M stands at 127.32, as last reported on the 22nd of November, with the highest price reaching 128.58 and the lowest price hitting 126.34 during the day.
If you're considering investing in 3M Stock, it is important to understand the factors that can impact its price. 3M Company retains Efficiency (Sharpe Ratio) of -0.0261, which signifies that the company had a -0.0261% return per unit of price deviation over the last 3 months. 3M exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 3M's Standard Deviation of 1.43, coefficient of variation of 5129.76, and Market Risk Adjusted Performance of 0.0239 to double-check the risk estimate we provide.
At this time, 3M's Common Stock Shares Outstanding is very stable compared to the past year. As of the 22nd of November 2024, Stock Based Compensation To Revenue is likely to grow to 0.01, while Total Stockholder Equity is likely to drop about 4.6 B. . At this time, 3M's Price Sales Ratio is very stable compared to the past year. As of the 22nd of November 2024, Price Fair Value is likely to grow to 11.06, though Price Earnings Ratio is likely to grow to (6.88). 3M Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 2nd of January 1970 | 200 Day MA 108.866 | 50 Day MA 132.7508 | Beta 1.001 |
3M |
Sharpe Ratio = -0.0261
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MMM |
Estimated Market Risk
| 1.42 actual daily | 12 88% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average 3M is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of 3M by adding 3M to a well-diversified portfolio.
Price Book 14.9971 | Enterprise Value Ebitda 8.2903 | Price Sales 2.1388 | Shares Float 543.7 M | Dividend Share 4.41 |
Related Headline
FitLife Brands, Headline on 4th of October 2024
Acquisition by Ordal Todd of 13720 shares of FitLife Brands,... by MacroaxisInsider
Filed transaction by FitLife Brands, Common Director. Grant, award or other acquisition pursuant to Rule 16b-3
3M Valuation on October 4, 2024
It is possible to determine the worth of 3M on a given historical date. On October 4, 2024 3M was worth 135.12 at the beginning of the trading date compared to the closed value of 134.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 3M stock. Still, in general, we apply an absolute valuation method to find 3M's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of 3M where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 3M's related companies.
| Open | High | Low | Close | Volume | |
| 134.29 | 134.88 | 133.13 | 134.07 | 2,504,900 | |
10/04/2024 | 135.12 | 135.21 | 133.34 | 134.55 | 2,387,300 |
| 134.01 | 134.55 | 133.12 | 134.14 | 2,254,200 |
| Backtest 3M | | | 3M History | | | 3M Valuation | Previous | Next |
3M Trading Date Momentum on October 4, 2024
| On October 07 2024 3M Company was traded for 134.14 at the closing time. Highest 3M's price during the trading hours was 134.55 and the lowest price during the day was 133.12 . The net volume was 2.3 M. The overall trading history on the 7th of October contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.30% . The daily price change to current price is 0.64% . |
3M Company Fundamentals Correlations and Trends
By evaluating 3M's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among 3M's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. 3M financial account trend analysis is a perfect complement when working with valuation or volatility modules.About 3M Stock history
3M investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for 3M is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in 3M Company will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing 3M stock prices may prove useful in developing a viable investing in 3M
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 553.9 M | 606.9 M | |
| Net Income Applicable To Common Shares | 6.6 B | 4.4 B |
3M Quarterly Net Working Capital |
|
3M Stock Technical Analysis
3M technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
3M Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
3M Company cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
3M November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how 3M stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 3M shares will generate the highest return on investment. By undertsting and applying 3M stock market strength indicators, traders can identify 3M Company entry and exit signals to maximize returns
3M Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 3M's price direction in advance. Along with the technical and fundamental analysis of 3M Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of 3M to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0194 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0139 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 3M Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Industrial Conglomerates space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 3M. If investors know 3M will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 3M listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Dividend Share 4.41 | Earnings Share 9.59 | Revenue Per Share 58.972 | Quarterly Revenue Growth 0.004 |
The market value of 3M Company is measured differently than its book value, which is the value of 3M that is recorded on the company's balance sheet. Investors also form their own opinion of 3M's value that differs from its market value or its book value, called intrinsic value, which is 3M's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 3M's market value can be influenced by many factors that don't directly affect 3M's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 3M's value and its price as these two are different measures arrived at by different means. Investors typically determine if 3M is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 3M's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.