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After finishing at $54.91 in the prior trading day, ABM Industries Inc (NYSE: ABM) closed at $50.32, down -8.36%. In other words, the price has decreased by -$8.36 from its previous closing price. On the day, 1.0 million shares were traded. ABM stock price reached its highest trading level at $53.17 during the session, while it also had its lowest trading level at $49.2142.
Ratios:
Our goal is to gain a better understanding of ABM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 36.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.58. For the most recent quarter (mrq), Quick Ratio is recorded 1.38 and its Current Ratio is at 1.38. In the meantime, Its Debt-to-Equity ratio is 0.80 whereas as Long-Term Debt/Eq ratio is at 0.76.
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, Truist on November 13, 2023, initiated with a Hold rating and assigned the stock a target price of $43.
On September 08, 2023, Deutsche Bank Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $65 to $43.
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 Oct 14 ’24 when ELLIS EARL RAY sold 40,000 shares for $53.96 per share. The transaction valued at 2,158,314 led to the insider holds 45,260 shares of the business.
ELLIS EARL RAY bought 40,000 shares of ABM for $2,158,316 on Oct 14 ’24. On Jul 25 ’24, another insider, SALMIRS SCOTT B, who serves as the President and CEO of the company, sold 13,264 shares for $55.29 each. As a result, the insider received 733,352 and left with 353,391 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, ABM now has a Market Capitalization of 3159658240 and an Enterprise Value of 4820967936. As of this moment, ABM’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.75, and their Forward P/E ratio for the next fiscal year is 12.40. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 1.72. Its current Enterprise Value per Revenue stands at 0.583 whereas that against EBITDA is 13.016.
Stock Price History:
Over the past 52 weeks, ABM has reached a high of $59.78, while it has fallen to a 52-week low of $39.64. The 50-Day Moving Average of the stock is -8.98%, while the 200-Day Moving Average is calculated to be -0.64%.
Shares Statistics:
The stock has traded on average 446.64K shares per day over the past 3-months and 304070 shares per day over the last 10 days, according to various share statistics. A total of 62.79M shares are outstanding, with a floating share count of 61.89M. Insiders hold about 1.44% of the company’s shares, while institutions hold 92.22% stake in the company. Shares short for ABM as of 1732838400 were 1021243 with a Short Ratio of 2.29, compared to 1730332800 on 1100353. Therefore, it implies a Short% of Shares Outstanding of 1021243 and a Short% of Float of 2.3599999.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.86.
