Abbvie Inc (NYSE: ABBV) has experienced a rise in its stock price by 0.01 compared to its previous closing price of 138.30. However, the company has seen a fall of -0.24% in its stock price over the last five trading days. InvestorPlace reported 2023-11-20 that While it’s always important to consider passive-income providers, they often lack an underlying growth impetus, which subsequently makes the concept of high-yield dividend growth stocks so compelling. You can get your growth and also enjoy dividend payments.
Is It Worth Investing in Abbvie Inc (NYSE: ABBV) Right Now?
Abbvie Inc (NYSE: ABBV) has a price-to-earnings ratio of 37.85x that is above its average ratio. Additionally, the 36-month beta value for ABBV is 0.44. There are mixed opinions on the stock, with 12 analysts rating it as a “buy,” 3 rating it as “overweight,” 13 rating it as “hold,” and 0 rating it as “sell.”
The average price predicted by analysts for ABBV is $169.10, which is $30.79 above the current price. The public float for ABBV is 1.76B and currently, short sellers hold a 0.75% ratio of that float. The average trading volume of ABBV on November 21, 2023 was 4.72M shares.
ABBV’s Market Performance
The stock of Abbvie Inc (ABBV) has seen a -0.24% decrease in the past week, with a -5.42% drop in the past month, and a -6.70% fall in the past quarter. The volatility ratio for the week is 1.30%, and the volatility levels for the past 30 days are at 1.88% for ABBV. The simple moving average for the last 20 days is -2.03% for ABBV’s stock, with a simple moving average of -6.23% for the last 200 days.
Analysts’ Opinion of ABBV
Many brokerage firms have already submitted their reports for ABBV stocks, with Deutsche Bank repeating the rating for ABBV by listing it as a “Hold.” The predicted price for ABBV in the upcoming period, according to Deutsche Bank is $150 based on the research report published on November 09, 2023 of the current year 2023.
ABBV Trading at -5.64% from the 50-Day Moving Average
After a stumble in the market that brought ABBV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.73% of loss for the given period.
Volatility was left at 1.88%, however, over the last 30 days, the volatility rate increased by 1.30%, as shares sank -4.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.20% lower at present.
During the last 5 trading sessions, ABBV fell by -0.24%, which changed the moving average for the period of 200-days by -4.75% in comparison to the 20-day moving average, which settled at $140.86. In addition, Abbvie Inc saw -14.42% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at ABBV starting from GONZALEZ RICHARD A, who sale 60,000 shares at the price of $148.58 back on Aug 01. After this action, GONZALEZ RICHARD A now owns 565,294 shares of Abbvie Inc, valued at $8,914,800 using the latest closing price.
GONZALEZ RICHARD A, the CHAIRMAN OF THE BOARD AND CEO of Abbvie Inc, sale 18,500 shares at $149.15 during a trade that took place back on Jul 31, which means that GONZALEZ RICHARD A is holding 625,294 shares at $2,759,275 based on the most recent closing price.
Stock Fundamentals for ABBV
Current profitability levels for the company are sitting at:
- +38.93 for the present operating margin
- +71.67 for the gross margin
The net margin for Abbvie Inc stands at +20.29. The total capital return value is set at 25.91, while invested capital returns managed to touch 14.97. Equity return is now at value 46.15, with 4.67 for asset returns.
Based on Abbvie Inc (ABBV), the company’s capital structure generated 372.04 points at debt to equity in total, while total debt to capital is 78.82. Total debt to assets is 46.25, with long-term debt to equity ratio resting at 347.10. Finally, the long-term debt to capital ratio is 73.53.
When we switch over and look at the enterprise to sales, we see a ratio of 5.43, with the company’s debt to enterprise value settled at 0.19. The receivables turnover for the company is 5.47 and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.
In conclusion, Abbvie Inc (ABBV) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.