Abbott Laboratories (ABT) is expecting 12.58% growth in the next quarter: What can investors do to maximize their returns?

Abbott Laboratories (NYSE: ABT) kicked off on Monday, down -2.01% from the previous trading day, before settling in for the closing price of $119.39. Over the past 52 weeks, ABT has traded in a range of $91.64-$121.64.

Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 6.10%. While this was happening, its average annual earnings per share was recorded 5.29%. With a float of $1.73 billion, this company’s outstanding shares have now reached $1.73 billion.

Considering the fact that the conglomerate employs 114000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 54.7%, operating margin of 16.73%, and the pretax margin is 16.44%.

Abbott Laboratories (ABT) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Medical Devices Industry. The insider ownership of Abbott Laboratories is 0.66%, while institutional ownership is 77.04%. The most recent insider transaction that took place on Oct 21 ’24, was worth 18,715,783. Before that another transaction happened on Sep 12 ’24, when Company’s CHAIRMAN AND CEO sold 141,679 for $116.41, making the entire transaction worth $16,493,218. This insider now owns 220,059 shares in total.

Abbott Laboratories (ABT) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 5.29% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.50% during the next five years compared to 19.65% growth over the previous five years of trading.

Abbott Laboratories (NYSE: ABT) Trading Performance Indicators

Take a look at Abbott Laboratories’s (ABT) current performance indicators. Last quarter, stock had a quick ratio of 1.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.94. Likewise, its price to free cash flow for the trailing twelve months is 36.00.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.29, a number that is poised to hit 1.34 in the next quarter and is forecasted to reach 5.16 in one year’s time.

Technical Analysis of Abbott Laboratories (ABT)

Compared to the last year’s volume of 5.74 million, its volume of 6.8 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 72.43%. Additionally, its Average True Range was 1.93.

During the past 100 days, Abbott Laboratories’s (ABT) raw stochastic average was set at 85.80%, which indicates a significant increase from 64.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.99% in the past 14 days, which was lower than the 19.36% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $114.05, while its 200-day Moving Average is $110.48. Nevertheless, the first resistance level for the watch stands at $118.41 in the near term. At $119.82, the stock is likely to face the second major resistance level. The third major resistance level sits at $120.73. If the price goes on to break the first support level at $116.09, it is likely to go to the next support level at $115.18. Should the price break the second support level, the third support level stands at $113.77.

Abbott Laboratories (NYSE: ABT) Key Stats

The company with the Market Capitalisation of 203.55 billion has total of 1,739,634K Shares Outstanding. Its annual sales at the moment are 40,109 M in contrast with the sum of 5,723 M annual income. Company’s last quarter sales were recorded 10,377 M and last quarter income was 1,302 M.