The stock price of Abbvie Inc (NYSE: ABBV) has surged by 1.06 when compared to previous closing price of 164.66, but the company has seen a 2.54% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-20 that Focusing on consistent dividend growth can lead to higher returns in lower-risk areas. The portfolio emphasizes companies with wide-moat business models, strong financials, and a commitment to shareholder returns. Blending higher-yielding dividend stocks with those offering growth potential creates a balanced approach suitable for most investors.
Is It Worth Investing in Abbvie Inc (NYSE: ABBV) Right Now?
Abbvie Inc (NYSE: ABBV) has a price-to-earnings ratio of 61.17x that is above its average ratio. Additionally, the 36-month beta value for ABBV is 0.59. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 4 rating it as “overweight,” 10 rating it as “hold,” and 0 rating it as “sell.”
The public float for ABBV is 1.77B and currently, short sellers hold a 0.74% ratio of that float. The average trading volume of ABBV on April 22, 2024 was 5.64M shares.
ABBV’s Market Performance
ABBV stock saw a decrease of 2.54% in the past week, with a monthly decline of -5.59% and a quarterly a decrease of 1.00%. The volatility ratio for the week is 1.56%, and the volatility levels for the last 30 days are 1.78% for Abbvie Inc (ABBV). The simple moving average for the last 20 days is -3.38% for ABBV stock, with a simple moving average of 6.74% for the last 200 days.
ABBV Trading at -5.13% 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 -9.01% of loss for the given period.
Volatility was left at 1.78%, however, over the last 30 days, the volatility rate increased by 1.56%, as shares sank -6.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.91% lower at present.
During the last 5 trading sessions, ABBV rose by +2.54%, which changed the moving average for the period of 200-days by +20.92% in comparison to the 20-day moving average, which settled at $171.68. In addition, Abbvie Inc saw 7.38% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ABBV starting from Donoghoe Nicholas, who sale 21,082 shares at the price of $176.30 back on Mar 20 ’24. After this action, Donoghoe Nicholas now owns 55,903 shares of Abbvie Inc, valued at $3,716,757 using the latest closing price.
Stewart Jeffrey Ryan, the EVP, CHIEF COMMERCIAL OFFICER of Abbvie Inc, sale 58,949 shares at $178.79 during a trade that took place back on Mar 18 ’24, which means that Stewart Jeffrey Ryan is holding 60,941 shares at $10,539,508 based on the most recent closing price.
Stock Fundamentals for ABBV
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.69 for the gross margin
The net margin for Abbvie Inc stands at 0.09. The total capital return value is set at 0.15. Equity return is now at value 34.90, with 3.52 for asset returns.
Based on Abbvie Inc (ABBV), the company’s capital structure generated 0.85 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 5.73. The interest coverage ratio of the stock is 7.54.
Currently, EBITDA for the company is 18.1 billion with net debt to EBITDA at 2.55. When we switch over and look at the enterprise to sales, we see a ratio of 6.28. The receivables turnover for the company is 4.87for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.87.
Conclusion
In conclusion, Abbvie Inc (ABBV) has seen better performance in recent times. Analysts have a bullish 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.
