AllianceBernstein Holding Lp (NYSE:AB) shares, rose in value, with the stock price down by -0.44% to the previous day’s close as strong demand from buyers drove the stock to $33.56.
Actively observing the price movement in the last trading, the stock closed the session at $33.71. The PE ratio was 13.87 over 12-month period. Referring to stock’s 52-week performance, its high was $35.84, and the low was $25.83. On the whole, AB has fluctuated by -3.42% over the past month.
The company’s Forward Dividend Ratio is 2.69, with its dividend yield at 8.02%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.86B, with a low estimate of 893M and a high estimate of 924.48M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 909.63M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AB’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AB currently trading nearly -0.31% and -0.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.36, while the 7-day volatility ratio is showing 2.97% which for the 30-day chart, stands at 2.64%. Furthermore, AllianceBernstein Holding Lp (AB)’s beta value is 1.27, and its average true range (ATR) is 0.91.
A comparison of AllianceBernstein Holding Lp (AB) with its peers suggests the former has fared considerably weaker in the market. AB showed an intraday change of -0.44% in last session, and over the past year, it shrunk by -1.58%%.
Data on historical trading for AllianceBernstein Holding Lp (NYSE:AB) indicates that the trading volumes over the past 3 months, they’ve averaged 345.80K. According to company’s latest data on outstanding shares, there are 114.34 million shares outstanding.
Nearly 3.25% of AllianceBernstein Holding Lp’s shares belong to company insiders and institutional investors own 17.56% of the company’s shares. The stock has risen by 8.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AB stock heading into the next quarter.
