The stock price of Acco Brands Corporation (NYSE: ACCO) has jumped by 2.55 compared to previous close of 4.90. Despite this, the company has seen a gain of 4.47% in its stock price over the last five trading days. zacks.com reported 2024-10-31 that Acco Brands (ACCO) came out with quarterly earnings of $0.23 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.24 per share a year ago.
Is It Worth Investing in Acco Brands Corporation (NYSE: ACCO) Right Now?
Moreover, the 36-month beta value for ACCO is 1.61. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for ACCO is 92.07M and currently, short sellers hold a 2.33% of that float. On November 01, 2024, ACCO’s average trading volume was 556.66K shares.
ACCO’s Market Performance
The stock of Acco Brands Corporation (ACCO) has seen a 4.47% increase in the past week, with a -4.47% drop in the past month, and a 10.44% gain in the past quarter. The volatility ratio for the week is 2.83%, and the volatility levels for the past 30 days are at 2.34% for ACCO. The simple moving average for the past 20 days is -1.05% for ACCO’s stock, with a -4.15% simple moving average for the past 200 days.
Analysts’ Opinion of ACCO
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see ACCO reach a price target of $12. The rating they have provided for ACCO stocks is “Overweight” according to the report published on November 12th, 2020.
Barrington Research gave a rating of “Outperform” to ACCO, setting the target price at $11 in the report published on February 14th of the previous year.
ACCO Trading at -4.01% from the 50-Day Moving Average
After a stumble in the market that brought ACCO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.09% of loss for the given period.
Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 2.83%, as shares sank -3.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.06% lower at present.
During the last 5 trading sessions, ACCO rose by +5.41%, which changed the moving average for the period of 200-days by -14.07% in comparison to the 20-day moving average, which settled at $5.08. In addition, Acco Brands Corporation saw -17.35% 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 ACCO starting from Schneider Pamela R, who sale 19,166 shares at the price of $5.47 back on Aug 27 ’24. After this action, Schneider Pamela R now owns 243,899 shares of Acco Brands Corporation, valued at $104,811 using the latest closing price.
Schneider Pamela R, the Officer of Acco Brands Corporation, proposed sale 19,166 shares at $5.45 during a trade that took place back on Aug 27 ’24, which means that Schneider Pamela R is holding shares at $104,455 based on the most recent closing price.
Stock Fundamentals for ACCO
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.32 for the gross margin
The net margin for Acco Brands Corporation stands at -0.1. The total capital return value is set at 0.02. Equity return is now at value -24.32, with -6.72 for asset returns.
Based on Acco Brands Corporation (ACCO), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 1.62. The interest coverage ratio of the stock is 0.69.
Currently, EBITDA for the company is 238.3 million with net debt to EBITDA at 4.33. When we switch over and look at the enterprise to sales, we see a ratio of 0.83. The receivables turnover for the company is 4.7for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.77.
Conclusion
To wrap up, the performance of Acco Brands Corporation (ACCO) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
