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MMM
Stock ticker:
NYSE
AS OF
Sep 23 closing price
Price
$113.10
Change
-$1.01 (-0.89%)
Capitalization
62.55B

MMM Price Prediction, 3M Company AI Recommendations

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MMM Trading results, last 6 months
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Sep 23, 2022

MMM in downward trend: price dove below 50-day moving average on August 26, 2022

MMM moved below its 50-day moving average on August 26, 2022 date and that indicates a change from an upward trend to a downward trend. In 32 of 51 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 63%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on August 18, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on MMM as a result. In of 95 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for MMM turned negative on August 18, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 10-day moving average for MMM crossed bearishly below the 50-day moving average on September 01, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MMM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for MMM entered a downward trend on September 23, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MMM advanced for three days, in of 331 cases, the price rose further within the following month. The odds of a continued upward trend are .

MMM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.552) is normal, around the industry mean (10.701). P/E Ratio (15.773) is within average values for comparable stocks, (26.092). Projected Growth (PEG Ratio) (1.769) is also within normal values, averaging (1.600). Dividend Yield (0.053) settles around the average of (0.040) among similar stocks. P/S Ratio (1.863) is also within normal values, averaging (103.621).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. MMM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MMM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock worse than average.

AI
A.I.Advisor
published price charts
AI
A.I. Advisor
published Earnings

MMM is expected to report earnings to rise 7.66% to $2.67 per share on October 25

3M Company MMM Stock Earnings Reports
Q3'22
Est.
$2.67
Q2'22
Beat
by $0.07
Q1'22
Beat
by $0.33
Q4'21
Beat
by $0.29
Q3'21
Beat
by $0.24
The last earnings report on July 26 showed earnings per share of $2.48, beating the estimate of $2.41. With 3.68M shares outstanding, the current market capitalization sits at 62.55B.
AI
A.I.Advisor
published Dividends

MMM paid dividends on September 12, 2022

3M Company MMM Stock Dividends
А dividend of $1.49 per share was paid with a record date of September 12, 2022, and an ex-dividend date of August 19, 2022. Read more...
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Honeywell International (NASDAQ:HON), 3M Company (NYSE:MMM).

Industry description

The industry is involved in value-added processes including creation of metal structures like machines and parts by cutting, bending and assembling, using various raw materials. A fabrication shop often bids on a project/job, and then builds the product if awarded the contract. Robotics and automation are making their way into the industry apparently to fill in skills gap[s19] . RBC Bearings Incorporated, Timken Company and Valmont Industries, Inc. are some of the largest metal fabrication companies in the U.S.

Market Cap

The average market capitalization across the Metal Fabrication Industry is 8.17B. The market cap for tickers in the group ranges from 482 to 115.46B. HON holds the highest valuation in this group at 115.46B. The lowest valued company is BDGY at 482.

High and low price notable news

The average weekly price growth across all stocks in the Metal Fabrication Industry was -1%. For the same Industry, the average monthly price growth was -6%, and the average quarterly price growth was 26%. SPGX experienced the highest price growth at 61%, while ACMB experienced the biggest fall at -44%.

Volume

The average weekly volume growth across all stocks in the Metal Fabrication Industry was -49%. For the same stocks of the Industry, the average monthly volume growth was -21% and the average quarterly volume growth was 8%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 43
P/E Growth Rating: 56
Price Growth Rating: 62
SMR Rating: 30
Profit Risk Rating: 77
Seasonality Score: -2 (-100 ... +100)
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MMM
Buy/Sell Ratings
 
 
Technical Analysis# Of IndicatorsAvg. Odds
   
   
 
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published General Information

General Information

an industrial conglomerate which manufactures and distributes consumer products such as papers, electronic gadgets and medical supplies

Industry MetalFabrication

Profile
Fundamentals
Details
Industry
Industrial Conglomerates
Address
3M Center
Phone
+1 651 733-1110
Employees
95000
Web
https://www.3m.com
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MMM and

Correlation & Price change

A.I.dvisor indicates that over the last year, MMM has been loosely correlated with HON. These tickers have moved in lockstep 65% of the time. This A.I.-generated data suggests there is some statistical probability that if MMM jumps, then HON could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MMM
1D Price
Change %
MMM100%
-1.01%
HON - MMM
65%
Loosely correlated
-1.08%
MDU - MMM
48%
Loosely correlated
-2.49%
MATW - MMM
47%
Loosely correlated
-0.52%
VMI - MMM
42%
Loosely correlated
-3.33%
CODI - MMM
31%
Poorly correlated
-1.36%
More