ABB Ltd (NYSE:ABB) went down by -0.72% from its latest closing price compared to the recent 1-year high of $39.11. The company’s stock price has collected -7.00% of loss in the last five trading sessions. MarketWatch.com reported on 03/31/21 that Biden’s plan for 500,000 EV charging stations faces tough road ahead
Is It Worth Investing in ABB Ltd (NYSE :ABB) Right Now?
ABB Ltd (NYSE:ABB) scored a price-to-earnings ratio above its average ratio, recording 11.10 x from its present earnings ratio. Plus, the 36-month beta value for ABB is at 1.06. Opinions of the stock are interesting as 9 analysts out of 28 who provided ratings for ABB Ltd declared the stock was a “buy,” while 3 rated the stock as “overweight,” 15 rated it as “hold,” and 1 as “sell.”
ABB currently public float of 1.82B and currently shorts hold a 0.07% ratio of that float. Today, the average trading volume of ABB was 2.63M shares.
ABB’s Market Performance
ABB stocks went down by -7.00% for the week, with a monthly drop of -12.85% and a quarterly performance of -24.83%, while its annual performance rate touched -22.31%. The volatility ratio for the week stands at 1.74% while the volatility levels for the past 30 days are set at 1.79% for ABB Ltd. The simple moving average for the period of the last 20 days is -11.25% for ABB stocks with a simple moving average of -22.18% for the last 200 days.
ABB Trading at -12.03% from the 50-Day Moving Average
After a stumble in the market that brought ABB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.06% of loss for the given period.
Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 1.74%, as shares sank -13.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.12% lower at present.
During the last 5 trading sessions, ABB fell by -7.00%, which changed the moving average for the period of 200-days by -29.17% in comparison to the 20-day moving average, which settled at $29.30. In addition, ABB Ltd saw -31.41% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ABB
Equity return is now at value 32.80, with 11.50 for asset returns.