3m Company Stock Price on May 3, 2024
| MMM Stock | USD 100.86 2.64 2.69% |
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 100.86, as last reported on the 10th of June, with the highest price reaching 101.96 and the lowest price hitting 98.40 during the day.
If you're considering investing in 3M Stock, it is important to understand the factors that can impact its price. 3M appears to be very steady, given 3 months investment horizon. 3M Company retains Efficiency (Sharpe Ratio) of 0.2, which signifies that the company had a 0.2% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for 3M, which you can use to evaluate the volatility of the firm. Please makes use of 3M's Standard Deviation of 1.75, coefficient of variation of 409.24, and Market Risk Adjusted Performance of 0.6942 to double-check if our risk estimates are consistent with your expectations.
At this time, 3M's Common Stock Shares Outstanding is very stable compared to the past year. As of the 10th of June 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 10th of June 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 85.5855 | 50 Day MA 96.138 | Beta 1.012 |
3M |
Sharpe Ratio = 0.203
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Estimated Market Risk
| 1.69 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.34 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average 3M is performing at about 15% of its full potential. 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 it to a well-diversified portfolio.
Price Book 10.5112 | Enterprise Value Ebitda (9.08) | Price Sales 1.5461 | Shares Float 552.6 M | Dividend Share 6.01 |
Related Headline
Valmont Industries Headline on 3rd of May 2024
Acquisition by Avner Applbaum of 4726 shares of Valmont Indu... by Avner Applbaum
Filed transaction by Valmont Industries Director, Officer President And Ceo. Grant, award or other acquisition pursuant to Rule 16b-3
3M Valuation on May 3, 2024
It is possible to determine the worth of 3M on a given historical date. On May 3, 2024 3M was worth 97.58 at the beginning of the trading date compared to the closed value of 96.48. 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 | |
| 97.96 | 98.40 | 96.14 | 96.14 | 6,317,100 | |
05/03/2024 | 97.58 | 98.19 | 96.48 | 96.48 | 4,818,500 |
| 97.09 | 97.75 | 95.92 | 95.92 | 4,329,500 |
| Backtest 3M | | | 3M History | | | 3M Valuation | Previous | Next |
3M Trading Date Momentum on May 3, 2024
| On May 06 2024 3M Company was traded for 95.92 at the closing time. Highest 3M's price during the trading hours was 97.75 and the lowest price during the day was 95.92 . The net volume was 4.3 M. The overall trading history on the 6th of May contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.58% . The daily price change to current price is 2.61% . |
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 |
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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 | May 3, 2024
| High |
97.58 | 96.48 |
3M June 10, 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
| Accumulation Distribution | 83915.22 | |||
| Daily Balance Of Power | (0.64) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 97.34 | |||
| Day Typical Price | 97.05 | |||
| Price Action Indicator | (1.40) | |||
| Period Momentum Indicator | 4.38 |
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 | 0.1585 | |||
| Jensen Alpha | 0.4136 | |||
| Total Risk Alpha | 0.397 | |||
| Sortino Ratio | 0.3178 | |||
| Treynor Ratio | 0.6842 |
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Additional Information and Resources on Investing in 3M Stock
When determining whether 3M Company is a strong investment it is important to analyze 3M's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact 3M's future performance. For an informed investment choice regarding 3M Stock, refer to the following important reports: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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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 6.01 | Earnings Share (12.73) | Revenue Per Share 58.89 | Quarterly Revenue Growth (0) |
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.