The market performance of Abbott Laboratories’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $121.64 on 03/08/24, while the lowest value for the same duration was $89.67 on 10/12/23.
52-week price history of ABT Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Abbott Laboratories’s current trading price is -8.94% away from its 52-week high, while its distance from the 52-week low is 23.53%. The stock’s price range during the 52-week period has remained between $89.67 and $121.64. In the Healthcare sector, the company’s shares saw a trading volume of around 5.82 million for the day, which was evidently lower than the average daily volume of 6.59 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Abbott Laboratories (ABT) has experienced a quarterly rise of 7.32% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 192.73B and boasts a workforce of 114000 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 106.14, with a change in price of -2.71. Similarly, Abbott Laboratories recorded 6,172,873 in trading volume during the last 100 days, posting a change of -2.39%.
Examining ABT’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for ABT stands at 0.38. Similarly, the long-term debt-to-equity ratio is also 0.33.
ABT Stock Stochastic Average
Abbott Laboratories’s raw stochastic average for the past 50 days is presently 87.50%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 87.29%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 90.94% and 89.48%, respectively.
ABT Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a gain of 0.64%.However, over the last six months, we can see a stronger performance of -5.03%. Over the last 30 days, the price of ABT has fallen by 6.80%. And in the last five days, it has surged by 2.34%.
