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ABBV’s Financial Health: Exploring Abbvie Inc’s Debt-to-Equity Ratio of 1.79

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Abbvie Inc’s stock market performance has been consistent. The 1-year high for the company’s stock was recorded at $182.89 on 03/12/24, with the lowest value being $130.96 on 06/28/23.

52-week price history of ABBV Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Abbvie Inc’s current trading price is -6.18% away from its 52-week high, while its distance from the 52-week low is 31.02%. The stock’s price range during this period has fluctuated between $130.96 and $182.89. Shares of the company, which operates in the Healthcare sector, recorded a trading volume of around 1.61 million for the day, which was evidently lower than the average daily volume of 5.3 million over the last three months.

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Financial Performance and Market Capitalization

Abbvie Inc (ABBV) has experienced a quarterly decline of -4.50% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 302.99B and boasts a workforce of 50000 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 169.80, with a change in price of +7.20. Similarly, Abbvie Inc recorded 5,416,260 in trading volume during the last 100 days, posting a change of +4.36%.

ABBV Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for ABBV stands at 9.24. Similarly, the long-term debt-to-equity ratio is also 7.97.

ABBV Stock Stochastic Average

Abbvie Inc’s raw stochastic average for the past 50 days is currently at 96.50%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 96.50%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 92.56% and 85.59%, respectively.

ABBV Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The index has shown a price gain of 10.72% this year. Over the last six months, there has been a weaker performance of 11.39%. The price of ABBV fallen by 3.10% during the last 30 days period. For the last 5-days stocks have improved 2.31%.

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