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Perhaps this is the right time to buy: Automatic Data Processing Inc. (ADP)

At the end of the latest market close, Automatic Data Processing Inc. (ADP) was valued at $213.25. In that particular session, Stock kicked-off at the price of $213.04 while reaching the peak value of $216.51 and lowest value recorded on the day was $211.81. The stock current value is $215.80.Recently in News on March 15, 2023, ADP to Announce Third Quarter Fiscal 2023 Financial Results on April 26, 2023. ADP (Nasdaq: ADP), a leading global provider of Human Capital Management (HCM) solutions, is scheduled to release its financial results for the third fiscal quarter ending March 31, 2023 before the opening of the Nasdaq on Wednesday, April 26, 2023. You can read further details here

Automatic Data Processing Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $274.92 on 12/13/22, with the lowest value was $196.61 for the same time period, recorded on 06/17/22.

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Automatic Data Processing Inc. (ADP) full year performance was 1.64%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Automatic Data Processing Inc. shares are logging -21.50% during the 52-week period from high price, and 9.76% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $196.61 and $274.92.

The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 2083861 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Automatic Data Processing Inc. (ADP) recorded performance in the market was -9.65%, having the revenues showcasing -17.70% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 91.69B, as it employees total of 60000 workers.

Specialists analysis on Automatic Data Processing Inc. (ADP)

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 238.40, with a change in the price was noted -13.68. In a similar fashion, Automatic Data Processing Inc. posted a movement of -5.96% for the period of last 100 days, recording 1,851,447 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ADP is recording 1.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.00.

Trends and Technical analysis: Automatic Data Processing Inc. (ADP)

Raw Stochastic average of Automatic Data Processing Inc. in the period of last 50 days is set at 15.72%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 30.48%. In the last 20 days, the company’s Stochastic %K was 21.09% and its Stochastic %D was recorded 14.30%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -9.65%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -7.97%, alongside a boost of 1.64% for the period of the last 12 months. The shares increased approximately by -1.45% in the 7-day charts and went up by -3.91% in the period of the last 30 days. Common stock shares were lifted by -17.70% during last recorded quarter.

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