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Abbvie Inc (NYSE: ABBV) closed the day trading at $165.44 up 2.04% from the previous closing price of $162.14. In other words, the price has increased by $2.04 from its previous closing price. On the day, 5.06 million shares were traded. ABBV stock price reached its highest trading level at $165.98 during the session, while it also had its lowest trading level at $162.16.
Ratios:
For a better understanding of ABBV, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.37. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 292145528832 and an Enterprise Value of 348475162624. As of this moment, Abbvie’s Price-to-Earnings (P/E) ratio for their current fiscal year is 49.26, and their Forward P/E ratio for the next fiscal year is 13.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.37 while its Price-to-Book (P/B) ratio in mrq is 36.48. Its current Enterprise Value per Revenue stands at 6.405 whereas that against EBITDA is 13.343.
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 $130.96. The 50-Day Moving Average of the stock is -0.03%, while the 200-Day Moving Average is calculated to be 4.20%.
Shares Statistics:
Over the past 3-months, ABBV traded about 5.76M shares per day on average, while over the past 10 days, ABBV traded about 5980960 shares per day. 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 72.57% stake in the company. Shares short for ABBV as of 1715731200 were 15927790 with a Short Ratio of 2.77, compared to 1713139200 on 13536080. Therefore, it implies a Short% of Shares Outstanding of 15927790 and a Short% of Float of 0.8999999999999999.
Dividends & Splits
ABBV’s forward annual dividend rate is 6.06, up from 6.06 a year ago. Against a Trailing Annual Dividend Yield of 0.037375107The stock’s 5-year Average Dividend Yield is 4.37.
