On Monday, Abbvie Inc (NYSE: ABBV) was -0.63% drop from the session before settling in for the closing price of $182.93. A 52-week range for ABBV has been $138.01 – $207.32.
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Annual sales at Healthcare sector company grew by 11.76% over the past five years. When this article was written, the company’s average yearly earnings per share was at -1.63%. With a float of $1.77 billion, this company’s outstanding shares have now reached $1.77 billion.
Let’s look at the performance matrix of the company that is accounted for 50000 employees. In terms of profitability, gross margin is 76.85%, operating margin of 24.89%, and the pretax margin is 12.96%.
Abbvie Inc (ABBV) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Abbvie Inc stocks. The insider ownership of Abbvie Inc is 0.08%, while institutional ownership is 72.93%. The most recent insider transaction that took place on Aug 08 ’24, was worth 9,297,210. Before that another transaction happened on Aug 05 ’24, when Company’s EXECUTIVE CHAIRMAN OF BOARD sold 66,500 for $186.52, making the entire transaction worth $12,403,580. This insider now owns 446,599 shares in total.
Abbvie Inc (ABBV) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 2.79 earnings per share (EPS) during the time that was less than consensus figure (set at 2.8) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.62 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.63% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.16% during the next five years compared to -5.77% drop over the previous five years of trading.
Abbvie Inc (NYSE: ABBV) Trading Performance Indicators
You can see what Abbvie Inc (ABBV) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.54. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.78. Likewise, its price to free cash flow for the trailing twelve months is 20.59.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.87, a number that is poised to hit 2.97 in the next quarter and is forecasted to reach 12.16 in one year’s time.
Technical Analysis of Abbvie Inc (ABBV)
Abbvie Inc (NYSE: ABBV) saw its 5-day average volume 6.27 million, a positive change from its year-to-date volume of 5.54 million. As of the previous 9 days, the stock’s Stochastic %D was 91.94%. Additionally, its Average True Range was 4.33.
During the past 100 days, Abbvie Inc’s (ABBV) raw stochastic average was set at 41.28%, which indicates a significant decrease from 87.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.26% in the past 14 days, which was lower than the 30.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $188.19, while its 200-day Moving Average is $179.04. Nevertheless, the first resistance level for the watch stands at $183.36 in the near term. At $184.95, the stock is likely to face the second major resistance level. The third major resistance level sits at $187.20. If the price goes on to break the first support level at $179.52, it is likely to go to the next support level at $177.27. Assuming the price breaks the second support level, the third support level stands at $175.68.
Abbvie Inc (NYSE: ABBV) Key Stats
There are 1,767,140K outstanding shares of the company, which has a market capitalization of 320.95 billion. As of now, sales total 54,318 M while income totals 4,863 M. Its latest quarter income was 14,460 M while its last quarter net income were 1,561 M.
