ABM Industries Incorporated (NYSE:ABM) went up by 2.98% from its latest closing price compared to the recent 1-year high of $55.48. The company’s stock price has collected 5.67% of gains in the last five trading sessions. Press Release reported on 12/15/21 that ABM Announces “ELEVATE” Strategy for Value Creation and Growth at its 2021 Investor Day
Is It Worth Investing in ABM Industries Incorporated (NYSE :ABM) Right Now?
ABM Industries Incorporated (NYSE:ABM) scored a price-to-earnings ratio above its average ratio, recording 24.14 x from its present earnings ratio. Plus, the 36-month beta value for ABM is at 1.29.
ABM currently public float of 66.53M and currently shorts hold a 2.20% ratio of that float. Today, the average trading volume of ABM was 392.58K shares.
ABM’s Market Performance
ABM stocks went up by 5.67% for the week, with a monthly drop of -2.31% and a quarterly performance of -2.43%, while its annual performance rate touched 6.73%. The volatility ratio for the week stands at 2.75% while the volatility levels for the past 30 days are set at 3.62% for ABM Industries Incorporated. The simple moving average for the period of the last 20 days is 8.23% for ABM stocks with a simple moving average of -4.58% for the last 200 days.
Analysts’ Opinion of ABM
CL King, on the other hand, stated in their research note that they expect to see ABM reach a price target of $45. The rating they have provided for ABM stocks is “Buy” according to the report published on June 19th, 2020.
ABM Trading at 0.49% from the 50-Day Moving Average
After a stumble in the market that brought ABM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.11% of loss for the given period.
Volatility was left at 3.62%, however, over the last 30 days, the volatility rate increased by 2.75%, as shares surge +9.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.88% lower at present.
During the last 5 trading sessions, ABM rose by +5.67%, which changed the moving average for the period of 200-days by -12.02% in comparison to the 20-day moving average, which settled at $41.67. In addition, ABM Industries Incorporated saw 9.87% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at ABM starting from CHAVEZ LINDA, who sale 2,532 shares at the price of $47.01 back on Oct 04. After this action, CHAVEZ LINDA now owns 11,290 shares of ABM Industries Incorporated, valued at $119,021 using the latest closing price.
JACOBSEN RENE, the EVP & Chief Operating Officer of ABM Industries Incorporated, sale 3,092 shares at $45.00 during a trade that took place back on Sep 20, which means that JACOBSEN RENE is holding 31,908 shares at $139,140 based on the most recent closing price.
Stock Fundamentals for ABM
Current profitability levels for the company are sitting at:
- +5.88 for the present operating margin
- +14.86 for the gross margin
The net margin for ABM Industries Incorporated stands at +2.03. Equity return is now at value 7.90, with 3.20 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.09.