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In the latest session, Abbvie Inc (NYSE: ABBV) closed at $186.54 down -1.23% from its previous closing price of $188.86. In other words, the price has decreased by -$1.23 from its previous closing price. On the day, 4.31 million shares were traded. ABBV stock price reached its highest trading level at $189.38 during the session, while it also had its lowest trading level at $185.89.
Ratios:
For a deeper understanding of Abbvie Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.57. For the most recent quarter (mrq), Quick Ratio is recorded 0.71 and its Current Ratio is at 0.81. In the meantime, Its Debt-to-Equity ratio is 10.42 whereas as Long-Term Debt/Eq ratio is at 8.56.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Bernstein on October 17, 2024, initiated with a Mkt Perform rating and assigned the stock a target price of $203.
On June 05, 2024, HSBC Securities Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $185.
On May 17, 2024, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $200.Cantor Fitzgerald initiated its Overweight rating on May 17, 2024, with a $200 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 08 ’24 when Hudson Thomas J bought 49,170 shares for $189.08 per share.
GONZALEZ RICHARD A sold 66,500 shares of ABBV for $12,403,580 on Aug 05 ’24. The EXECUTIVE CHAIRMAN OF BOARD now owns 446,599 shares after completing the transaction at $186.52 per share. On Aug 07 ’24, another insider, Hudson Thomas J, who serves as the Officer of the company, bought 101,886 shares for $187.62 each.
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 329493053440 and an Enterprise Value of 387317760000. As of this moment, Abbvie’s Price-to-Earnings (P/E) ratio for their current fiscal year is 62.39, and their Forward P/E ratio for the next fiscal year is 15.44. 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 5.99 while its Price-to-Book (P/B) ratio in mrq is 48.60. Its current Enterprise Value per Revenue stands at 7.042 whereas that against EBITDA is 14.828.
Stock Price History:
Over the past 52 weeks, ABBV has reached a high of $199.95, while it has fallen to a 52-week low of $135.85. The 50-Day Moving Average of the stock is -3.97%, while the 200-Day Moving Average is calculated to be 5.67%.
Shares Statistics:
For the past three months, ABBV has traded an average of 4.73M shares per day and 4571020 over the past ten days. A total of 1.77B shares are outstanding, with a floating share count of 1.76B. Insiders hold about 0.09% of the company’s shares, while institutions hold 72.99% stake in the company. Shares short for ABBV as of 1727654400 were 14856279 with a Short Ratio of 3.14, compared to 1724976000 on 19493508. Therefore, it implies a Short% of Shares Outstanding of 14856279 and a Short% of Float of 0.84.
Dividends & Splits
According to the company, the forward annual dividend rate for ABBV is 6.20, from 6.13 in the trailing year. Against a Trailing Annual Dividend Yield of 0.032457907The stock’s 5-year Average Dividend Yield is 4.19.
