3M Stock Price on August 21, 2020 Breakdown

MMM
 Stock
  

USD 147.41  0.71  0.48%   

As of today, the current price of 3M is  147.41 , as last reported on the 7th of August, with the highest price reaching  148.49  and the lowest price hitting  146.39  during the day.
3M Company retains Efficiency (Sharpe Ratio) of -0.0165, which signifies that the company had -0.0165% of return per unit of price deviation over the last 3 months. Macroaxis outlook to foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. 3M exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm 3M Company Market Risk Adjusted Performance of 0.0264, standard deviation of 1.64, and Coefficient Of Variation of 7615.84 to double-check the risk estimate we provide.
  
Net Income Common Stock is expected to hike to about 6 B this year. Price to Book Value is expected to hike to 8.19 this year. Price to Earnings Ratio is expected to hike to 20.68 this year. 3M Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Most Recent Activity

Shares Float
569.1 M
Shares Outstanding
569.6 M
Shares Short Prior Month
9.1 M
Dividend Share
5.94
Earnings Share
7.16
Shares Short
7.8 M
Revenue Per Share
61.08

3M Main Headline on 21st of August 2020

3M Company dividend paid on 21st of August 2020

3M Valuation on August 21, 2020

It is possible to determine the worth of 3M on a given historical date. On August 21, 2020 3M was worth 160.93 at the beginning of the trading date compared to the closed value of 152.36. 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 Visa 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
  163.02    163.66    152.17    152.17    1,990,300  
08/21/2020
  160.93    162.69    152.36    152.36    2,005,600  
  161.55    163.95    154.08    154.08    2,604,400  
Backtest 3M  |  3M History  |  3M Valuation   PreviousNext  
Open Value 160.93
156.40
Downside
152.36
Closing Value
165.46
Upside

3M Trading Date Momentum on August 21, 2020

On August 24 2020 3M Company was traded for  154.08  at the closing time. Highest 3M's price during the trading hours was 163.95  and the lowest price during the day was  154.08 . The net volume was 2.6 M. The overall trading history on the 24th of August contributed to the next trading period price surge. The trading delta at closing time to the next next day price was 1.13% . The daily price change to current price is 8.40% .

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 historical stock prices may prove useful in developing a viable investing in 3M
Last ReportedProjected for 2022
Weighted Average Shares579 M568.2 M
Weighted Average Shares Diluted585.3 M576 M
Issuance Purchase of Equity Shares-1.6 B-1.7 B
3M Company operates as a diversified technology company worldwide. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. 3M operates under Conglomerates classification in the United States and is traded on New York Stock Exchange. It employs 95000 people.

3M Quarterly Market Capitalization

73.64 Billion

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.
A focus of 3M technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of 3M trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

3M Period Price Range

Low
August 21, 2020
High

 160.93 

  

 152.36 

-8.57-5.33%

3M August 7, 2022 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 stock's 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 stock 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.
Additionally, see Stocks Correlation. Note that the 3M Company information on this page should be used as a complementary analysis to other 3M's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Complementary Tools for 3M Stock analysis

When running 3M Company price analysis, check to measure 3M's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 3M is operating at the current time. Most of 3M's value examination focuses on studying past and present price action to predict the probability of 3M's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move 3M's price. Additionally, you may evaluate how the addition of 3M to your portfolios can decrease your overall portfolio volatility.
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Is 3M's industry 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 YOY
-0.95
Market Capitalization
84.4 B
Quarterly Revenue Growth YOY
-0.028
Return On Assets
0.0893
Return On Equity
0.29
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 3M value 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.