Abbott Laboratories (ABT) and the Battle of Fundamentals vs. Technicals – News Heater
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Abbott Laboratories (ABT) and the Battle of Fundamentals vs. Technicals

Abbott Laboratories (NYSE:ABT) went up by 1.83% from its latest closing price compared to the recent 1-year high of $142.60. The company’s stock price has collected -1.42% of loss in the last five trading sessions. The Wall Street Journal reported on 06/16/22 that Abbott Halts Production at Michigan Baby-Formula Plant

Is It Worth Investing in Abbott Laboratories (NYSE :ABT) Right Now?

Abbott Laboratories (NYSE:ABT) scored a price-to-earnings ratio above its average ratio, recording 24.10 x from its present earnings ratio. Plus, the 36-month beta value for ABT is at 0.77. Opinions of the stock are interesting as 13 analysts out of 21 who provided ratings for Abbott Laboratories declared the stock was a “buy,” while 5 rated the stock as “overweight,” 1 rated it as “hold,” and 1 as “sell.”

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The average price from analysts is $138.36, which is $34.88 above the current price. ABT currently public float of 1.74B and currently shorts hold a 0.79% ratio of that float. Today, the average trading volume of ABT was 5.33M shares.

ABT’s Market Performance

ABT stocks went down by -1.42% for the week, with a monthly drop of -7.14% and a quarterly performance of -14.25%, while its annual performance rate touched -6.31%. The volatility ratio for the week stands at 2.44% while the volatility levels for the past 30 days are set at 2.34% for Abbott Laboratories. The simple moving average for the period of the last 20 days is -6.86% for ABT stocks with a simple moving average of -15.00% for the last 200 days.

Analysts’ Opinion of ABT

Many brokerage firms have already submitted their reports for ABT stocks, with BofA Securities repeating the rating for ABT by listing it as a “Buy.” The predicted price for ABT in the upcoming period, according to BofA Securities is $140 based on the research report published on March 02nd of the current year 2022.

UBS, on the other hand, stated in their research note that they expect to see ABT reach a price target of $142, previously predicting the price at $138. The rating they have provided for ABT stocks is “Buy” according to the report published on January 27th, 2022.

Raymond James gave a rating of “Outperform” to ABT, setting the target price at $143 in the report published on January 27th of the current year.

ABT Trading at -8.49% from the 50-Day Moving Average

After a stumble in the market that brought ABT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.78% of loss for the given period.

Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 2.44%, as shares sank -7.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.37% lower at present.

During the last 5 trading sessions, ABT fell by -1.42%, which changed the moving average for the period of 200-days by -18.74% in comparison to the 20-day moving average, which settled at $111.66. In addition, Abbott Laboratories saw -25.81% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ABT starting from WOODGRIFT RANDEL WILLIAM, who sale 24,000 shares at the price of $113.00 back on May 04. After this action, WOODGRIFT RANDEL WILLIAM now owns 47,854 shares of Abbott Laboratories, valued at $2,712,103 using the latest closing price.

STARKS DANIEL J, the Director of Abbott Laboratories, sale 50,000 shares at $113.22 during a trade that took place back on May 03, which means that STARKS DANIEL J is holding 6,973,500 shares at $5,661,048 based on the most recent closing price.

Stock Fundamentals for ABT

Current profitability levels for the company are sitting at:

  • +21.36 for the present operating margin
  • +53.89 for the gross margin

The net margin for Abbott Laboratories stands at +16.35. Equity return is now at value 22.20, with 10.40 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.85.