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The closing price of Abbvie Inc (NYSE: ABBV) was $166.52 for the day, down -0.44% from the previous closing price of $167.25. In other words, the price has decreased by -$0.44 from its previous closing price. On the day, 3.2 million shares were traded. ABBV stock price reached its highest trading level at $167.717 during the session, while it also had its lowest trading level at $165.62.
Ratios:
Our analysis of ABBV’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.46. For the most recent quarter (mrq), Quick Ratio is recorded 0.83 and its Current Ratio is at 0.94. In the meantime, Its Debt-to-Equity ratio is 9.24 whereas as Long-Term Debt/Eq ratio is at 7.97.
On May 17, 2024, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $200.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 20 ’24 when Donoghoe Nicholas sold 21,082 shares for $176.30 per share. The transaction valued at 3,716,757 led to the insider holds 55,903 shares of the business.
Stewart Jeffrey Ryan sold 58,949 shares of ABBV for $10,539,508 on Mar 18 ’24. The EVP, CHIEF COMMERCIAL OFFICER now owns 60,941 shares after completing the transaction at $178.79 per share. On Mar 01 ’24, another insider, RICHMOND TIMOTHY J., who serves as the EVP, CHIEF HR OFFICER of the company, sold 75,680 shares for $177.27 each. As a result, the insider received 13,415,503 and left with 13,837 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ABBV now has a Market Capitalization of 294052659200 and an Enterprise Value of 350382292992. As of this moment, Abbvie’s Price-to-Earnings (P/E) ratio for their current fiscal year is 49.58, and their Forward P/E ratio for the next fiscal year is 13.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.41 while its Price-to-Book (P/B) ratio in mrq is 36.72. Its current Enterprise Value per Revenue stands at 6.44 whereas that against EBITDA is 13.416.
Stock Price History:
Over the past 52 weeks, ABBV has reached a high of $182.89, while it has fallen to a 52-week low of $132.70. The 50-Day Moving Average of the stock is 1.16%, while the 200-Day Moving Average is calculated to be 3.50%.
Shares Statistics:
ABBV traded an average of 5.57M shares per day over the past three months and 7154980 shares per day over the past ten days. A total of 1.77B shares are outstanding, with a floating share count of 1.76B. Insiders hold about 0.10% of the company’s shares, while institutions hold 72.42% stake in the company. Shares short for ABBV as of 1718323200 were 15245483 with a Short Ratio of 2.74, compared to 1715731200 on 15927790. Therefore, it implies a Short% of Shares Outstanding of 15245483 and a Short% of Float of 0.86.
Dividends & Splits
With its trailing 12-month dividend rate of 6.06, ABBV has a forward annual dividend rate of 6.06. Against a Trailing Annual Dividend Yield of 0.036233183The stock’s 5-year Average Dividend Yield is 4.34.
