3M Stock Price on September 12, 2022 Breakdown

MMM
 Stock
  

USD 125.99  0.02  0.0159%   

As of today, the current price of 3M is  125.99 , as last reported on the 2nd of December, with the highest price reaching  128.87  and the lowest price hitting  125.31  during the day.
We consider 3M very steady. 3M Company retains Efficiency (Sharpe Ratio) of 0.0871, which signifies that the company had 0.0871% of return per unit of price deviation over the last 3 months. Our outlook to foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for 3M, which you can use to evaluate the future volatility of the firm. Please confirm 3M Company Coefficient Of Variation of 3877.0, standard deviation of 1.91, and Market Risk Adjusted Performance of 0.0517 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%.
  
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
552.1 M
net Income Applicable To Common Shares
5.9 B
Shares Outstanding
552.7 M
Shares Short Prior Month
14.6 M
Dividend Share
5.95
Earnings Share
11.47

3M Main Headline on 12th of September 2022

3M Company dividend paid on 12th of September 2022

3M Valuation on September 12, 2022

It is possible to determine the worth of 3M on a given historical date. On September 12, 2022 3M was worth 124.32 at the beginning of the trading date compared to the closed value of 122.81. 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
  121.27    123.29    119.87    121.68    26,220,100  
09/12/2022
  124.32    126.52    123.97    122.81    18,971,900  
  122.11    124.60    120.23    119.08    7,765,500  
Backtest 3M  |  3M History  |  3M Valuation   PreviousNext  
Open Value 124.32
118.79
Downside
122.81
Closing Value
129.85
Upside

3M Trading Date Momentum on September 12, 2022

On September 13 2022 3M Company was traded for  119.08  at the closing time. Highest 3M's price during the trading hours was 124.60  and the lowest price during the day was  120.23 . The net volume was 7.8 M. The overall trading history on the 13th of September 2022 contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 3.04% . The daily price change to current price is 7.04% .

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 M671.3 M
Weighted Average Shares Diluted585.3 M680.8 M
Issuance Purchase of Equity Shares-1.6 B-1.7 B

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
September 12, 2022
High

 124.32 

  

 122.81 

-1.51-1.21%

3M December 2, 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 Correlation Analysis. You can also try Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Complementary Tools for 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
1.76
Market Capitalization
69.6 B
Quarterly Revenue Growth YOY
(0.036) 
Return On Assets
0.0674
Return On Equity
46.08
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.