On Monday, Abbvie Inc (NYSE: ABBV) opened higher 0.89% from the last session, before settling in for the closing price of $166.41. Price fluctuations for ABBV have ranged from $130.96 to $182.89 over the past 52 weeks.
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Healthcare Sector giant saw their annual sales surged by 11.76% over the last five years. Company’s average yearly earnings per share was noted 0.12% at the time writing. With a float of $1.77 billion, this company’s outstanding shares have now reached $1.77 billion.
The firm has a total of 50000 workers. Let’s measure their productivity.
Abbvie Inc (ABBV) Insider Activity
A key investor’s attitude towards the stock of the Drug Manufacturers – General industry is another important factor to consider. The insider ownership of Abbvie Inc is 0.11%, while institutional ownership is 71.80%. The most recent insider transaction that took place on Mar 20 ’24, was worth 3,716,757. In this transaction EVP, CHIEF BUS/STRAT OFFICER of this company sold 21,082 shares at a rate of $176.30, taking the stock ownership to the 55,903 shares. Before that another transaction happened on Mar 18 ’24, when Company’s EVP, CHIEF COMMERCIAL OFFICER sold 58,949 for $178.79, making the entire transaction worth $10,539,508. This insider now owns 60,941 shares in total.
Abbvie Inc (ABBV) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 0.12% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.34% during the next five years compared to -5.77% drop over the previous five years of trading.
Abbvie Inc (NYSE: ABBV) Trading Performance Indicators
Check out the current performance indicators for Abbvie Inc (ABBV). In the past quarter, the stock posted a quick ratio of 0.76. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.47. Likewise, its price to free cash flow for the trailing twelve months is 13.50.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.72, a number that is poised to hit 2.26 in the next quarter and is forecasted to reach 12.15 in one year’s time.
Technical Analysis of Abbvie Inc (ABBV)
Analysing the last 5-days average volume posted by the [Abbvie Inc, ABBV], we can find that recorded value of 5.05 million was lower than the volume posted last year of 5.64 million. As of the previous 9 days, the stock’s Stochastic %D was 59.64%. Additionally, its Average True Range was 3.29.
During the past 100 days, Abbvie Inc’s (ABBV) raw stochastic average was set at 66.84%, which indicates a significant increase from 36.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.57% in the past 14 days, which was higher than the 17.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $175.10, while its 200-day Moving Average is $156.20. Now, the first resistance to watch is $169.35. This is followed by the second major resistance level at $170.80. The third major resistance level sits at $172.02. If the price goes on to break the first support level at $166.68, it is likely to go to the next support level at $165.46. Should the price break the second support level, the third support level stands at $164.01.
Abbvie Inc (NYSE: ABBV) Key Stats
There are currently 1,770,647K shares outstanding in the company with a market cap of 297.27 billion. Presently, the company’s annual sales total 54,318 M according to its annual income of 4,863 M. Last quarter, the company’s sales amounted to 14,301 M and its income totaled 822,000 K.
