Abbvie Inc (NYSE:ABBV) price is hovering higher on Tuesday, April 16, jumping 1.21% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $161.67. The company’s P/E ratio in the trailing 12-month period read 60.15. Taking into account the 52-week price action we note that the stock hit a 52-week high of $182.89 and 52-week low of $130.96. The stock subtracted -8.02% on its value in the past month.
Abbvie Inc, which has a market valuation of $289.71 billion. The company stock has a Forward Dividend ratio of 6.06, while the dividend yield is 3.70%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give ABBV a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 9.57. The overview shows that ABBV’s price is at present -6.17% off the SMA20 and -6.95% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 31.79, with weekly volatility standing at 1.90%. The indicator jumps to 1.78% when calculated based on the past 30 days. Abbvie Inc (NYSE:ABBV)’s beta value is holding at 0.59, while the average true range (ATR) indicator is currently reading 3.38.
An analysis of the Abbvie Inc (NYSE:ABBV) stock in terms of its daily trading volume indicates that the 3-month average is 5.64 million.
Current records show that the company has 1.77B in outstanding shares. The insiders’ percentage holdings are 0.11% of outstanding shares while the percentage share held by institutions stands at 71.77%. But the 5.58% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
