The stock of Accenture plc (ACN) has seen a -5.58% decrease in the past week, with a -17.17% drop in the past month, and a -12.08% decrease in the past quarter. The volatility ratio for the week is 2.10%, and the volatility levels for the past 30 days are at 2.20% for ACN.. The simple moving average for the past 20 days is -8.52% for ACN’s stock, with a -5.95% simple moving average for the past 200 days.
Is It Worth Investing in Accenture plc (NYSE: ACN) Right Now?
Accenture plc (NYSE: ACN) has a price-to-earnings ratio that is above its average at 28.40x. The stock has a 36-month beta value of 1.19. Opinions on the stock are mixed, with 9 analysts rating it as a “buy,” 7 as “overweight,” 12 as “hold,” and 1 as “sell.”
The public float for ACN is 627.17M, and at present, short sellers hold a 1.13% of that float. On April 16, 2024, the average trading volume of ACN was 2.38M shares.
ACN) stock’s latest price update
The stock of Accenture plc (NYSE: ACN) has decreased by -0.68 when compared to last closing price of 315.40.Despite this, the company has seen a loss of -5.58% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-12 that Investors with an interest in Consulting Services stocks have likely encountered both Hackett Group (HCKT) and Accenture (ACN). But which of these two companies is the best option for those looking for undervalued stocks?
Analysts’ Opinion of ACN
Many brokerage firms have already submitted their reports for ACN stocks, with Susquehanna repeating the rating for ACN by listing it as a “Neutral.” The predicted price for ACN in the upcoming period, according to Susquehanna is $360 based on the research report published on March 21, 2024 of the current year 2024.
Guggenheim, on the other hand, stated in their research note that they expect to see ACN reach a price target of $425. The rating they have provided for ACN stocks is “Buy” according to the report published on March 19th, 2024.
Mizuho gave a rating of “Buy” to ACN, setting the target price at $426 in the report published on January 30th of the current year.
ACN Trading at -13.25% from the 50-Day Moving Average
After a stumble in the market that brought ACN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.16% of loss for the given period.
Volatility was left at 2.20%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares sank -16.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.54% lower at present.
During the last 5 trading sessions, ACN fell by -5.58%, which changed the moving average for the period of 200-days by +3.83% in comparison to the 20-day moving average, which settled at $339.37. In addition, Accenture plc saw -10.73% 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 ACN starting from Walsh John F, who sale 8,000 shares at the price of $332.13 back on Mar 25 ’24. After this action, Walsh John F now owns 17,877 shares of Accenture plc, valued at $2,657,034 using the latest closing price.
Sweet Julie Spellman, the Chair and CEO of Accenture plc, sale 7,361 shares at $370.35 during a trade that took place back on Feb 05 ’24, which means that Sweet Julie Spellman is holding 18,713 shares at $2,726,126 based on the most recent closing price.
Stock Fundamentals for ACN
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.33 for the gross margin
The net margin for Accenture plc stands at 0.11. The total capital return value is set at 0.26. Equity return is now at value 27.64, with 14.20 for asset returns.
Based on Accenture plc (ACN), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 10.75. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 171.19.
Currently, EBITDA for the company is 11.47 billion with net debt to EBITDA at -0.17. When we switch over and look at the enterprise to sales, we see a ratio of 3.02. The receivables turnover for the company is 4.94for trailing twelve months and the total asset turnover is 1.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
Conclusion
To sum up, Accenture plc (ACN) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
