3m Company Stock Price on March 30, 2022
| MMM Stock | USD 90.96 0.09 0.1% |
Below is the normalized historical share price chart for 3M Company extending back to June 27, 1972. 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 90.96, as last reported on the 18th of April 2024, with the highest price reaching 92.11 and the lowest price hitting 90.33 during the day.
If you're considering investing in 3M Stock, it is important to understand the factors that can impact its price. We consider 3M very steady. 3M Company retains Efficiency (Sharpe Ratio) of 0.0323, which signifies that the company had a 0.0323% 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 confirm 3M's Standard Deviation of 2.18, market risk adjusted performance of 0.0564, and Coefficient Of Variation of 3446.98 to double-check if the risk estimate we provide is consistent with the expected return of 0.0723%.
At this time, 3M's Common Stock Shares Outstanding is very stable compared to the past year. As of the 18th of April 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 18th of April 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 83.5592 | 50 Day MA 83.5977 | Beta 1.035 |
3M |
Sharpe Ratio = 0.0323
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Estimated Market Risk
| 2.24 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average 3M is performing at about 2% 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 551.9 M | Dividend Share 6 |
3M Valuation on March 30, 2022
It is possible to determine the worth of 3M on a given historical date. On March 30, 2022 3M was worth 149.06 at the beginning of the trading date compared to the closed value of 109.98. 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 | |
04/04/2022 | 149.06 | 150.01 | 109.98 | 109.98 | 3,147,633 |
| 148.65 | 150.63 | 109.51 | 109.51 | 2,569,726 |
| Backtest 3M | | | 3M History | | | 3M Valuation | Next |
3M Trading Date Momentum on March 30, 2022
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.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 | April 4, 2022
| High |
149.06 | 109.98 |
3M April 18, 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 | 839942.0 | |||
| Daily Balance Of Power | (0.98) | |||
| Rate Of Daily Change | 0.74 | |||
| Day Median Price | 130.0 | |||
| Day Typical Price | 123.32 | |||
| Price Action Indicator | (39.55) | |||
| Period Momentum Indicator | (19.02) | |||
| Relative Strength Index | 54.97 |
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 | 0.0254 | |||
| Jensen Alpha | 0.0011 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0032 | |||
| Treynor Ratio | 0.0464 |
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| 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 tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for 3M Stock analysis
When running 3M's 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 the 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 0.744 | Dividend Share 6 | Earnings Share (12.63) | Revenue Per Share 59.002 | Quarterly Revenue Growth (0.01) |
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.