Albertsons Companies Inc (NYSE:ACI) shares, rose in value on Wednesday, May 07, with the stock price up by 2.14% to the previous day’s close as strong demand from buyers drove the stock to $22.40.
Actively observing the price movement in the last trading, the stock closed the session at $21.93. The PE ratio was 13.63 over 12-month period. Referring to stock’s 52-week performance, its high was $23.20, and the low was $17.00. On the whole, ACI has fluctuated by 5.02% over the past month.
With the market capitalization of Albertsons Companies Inc currently standing at about $12.90 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.54, with its dividend yield at 2.41%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ACI’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% 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 price of ACI currently trading nearly 2.92% and 4.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.39, while the 7-day volatility ratio is showing 1.57% which for the 30-day chart, stands at 2.96%. Furthermore, Albertsons Companies Inc (ACI)’s beta value is 0.47, and its average true range (ATR) is 0.57.
A comparison of Albertsons Companies Inc (ACI) with its peers suggests the former has fared considerably weaker in the market. ACI showed an intraday change of 2.14% in last session, and over the past year, it grew by 8.90%%.
Data on historical trading for Albertsons Companies Inc (NYSE:ACI) indicates that the trading volumes over the past 3 months, they’ve averaged 6.85 million. According to company’s latest data on outstanding shares, there are 575.44 million shares outstanding.
Nearly 27.74% of Albertsons Companies Inc’s shares belong to company insiders and institutional investors own 56.67% of the company’s shares. The stock has risen by 14.05% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ACI stock heading into the next quarter.
