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Abbott Laboratories (NYSE: ABT) closed the day trading at $114.88 down -2.75% from the previous closing price of $118.13. In other words, the price has decreased by -$2.75 from its previous closing price. On the day, 5.99 million shares were traded. ABT stock price reached its highest trading level at $117.3742 during the session, while it also had its lowest trading level at $114.5162.
Ratios:
For a better understanding of ABT, 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 27.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.35. For the most recent quarter (mrq), Quick Ratio is recorded 1.18 and its Current Ratio is at 1.68. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.33.
On May 30, 2024, Goldman started tracking the stock assigning a Buy rating and target price of $121.
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 Sep 12 ’24 when Ford Robert B sold 141,679 shares for $116.41 per share. The transaction valued at 16,493,218 led to the insider holds 220,059 shares of the business.
Robert B. Ford bought 141,679 shares of ABT for $16,492,852 on Sep 12 ’24. On Sep 04 ’24, another insider, MCCOY JOHN A. JR., who serves as the VICE PRESIDENT of the company, sold 27 shares for $114.83 each. As a result, the insider received 3,100 and left with 18,681 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, ABT now has a Market Capitalization of 199879704576 and an Enterprise Value of 207747448832. As of this moment, Abbott’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.26, and their Forward P/E ratio for the next fiscal year is 22.34. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.91 while its Price-to-Book (P/B) ratio in mrq is 5.08. Its current Enterprise Value per Revenue stands at 5.101 whereas that against EBITDA is 19.653.
Stock Price History:
Over the past 52 weeks, ABT has reached a high of $121.64, while it has fallen to a 52-week low of $89.67. The 50-Day Moving Average of the stock is 4.77%, while the 200-Day Moving Average is calculated to be 4.82%.
Shares Statistics:
Over the past 3-months, ABT traded about 6.10M shares per day on average, while over the past 10 days, ABT traded about 4563970 shares per day. A total of 1.73B shares are outstanding, with a floating share count of 1.73B. Insiders hold about 0.72% of the company’s shares, while institutions hold 77.04% stake in the company. Shares short for ABT as of 1724976000 were 12752770 with a Short Ratio of 2.09, compared to 1722384000 on 13633848. Therefore, it implies a Short% of Shares Outstanding of 12752770 and a Short% of Float of 0.74.
Dividends & Splits
ABT’s forward annual dividend rate is 2.16, up from 2.16 a year ago. Against a Trailing Annual Dividend Yield of 0.018284941The stock’s 5-year Average Dividend Yield is 1.63.
