Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Abbvie Inc’s current trading price is -13.95% away from its 52-week high, while its distance from the 52-week low is 17.91%. The stock’s price range during this period has varied between $151.29 and $207.32. The company, active in the Healthcare sector, saw a trading volume of around 6.94 million for the day, considerably higher average daily volume of 6.23 million observed over the last three months.
Abbvie Inc had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $207.32 on 10/31/24, while the lowest price during the same period was $151.29 on 05/30/24.
How Financial Performance Impacts Market Capitalization
Abbvie Inc (ABBV) has experienced a quarterly decline of -7.81% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 322.70B and boasts a workforce of 50000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 188.20, with a change in price of -11.32. Similarly, Abbvie Inc recorded 5,653,090 in trading volume during the last 100 days, posting a change of -5.97%.
How ABBV’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for ABBV stands at 11.78. Similarly, the long-term debt-to-equity ratio is also 9.70.
ABBV Stock Stochastic Average
As of today, the raw stochastic average of Abbvie Inc over the last 50 days is at 33.51%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 58.30%. Further, the company’s Stochastic %K and %D values for the last 20 days were 41.05% and 38.94%, respectively.
ABBV 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. This year’s metric has recorded a Price increase of 15.11%. However, over the past six months, we’ve seen a weaker performance of 4.47%. The price of ABBV fallen by 3.88% over the last 30 days. And in the last five days, it has surged by 3.94%.
