The price of Abbvie Inc (NYSE:ABBV) shares last traded on Wall Street rose 0.66% to $179.66.
ABBV stock price is now 4.46% away from the 50-day moving average and 18.31% away from the 200-day moving average. The market capitalization of the company currently stands at $317.36B.
, while ‘Goldman’ rates the stock as ‘Buy’
In other news, RICHMOND TIMOTHY J., EVP, CHIEF HR OFFICER sold 75,680 shares of the company’s stock on Mar 01 ’24. The stock was sold for $13,415,503 at an average price of $177.27. Upon completion of the transaction, the EVP, CHIEF HR OFFICER now directly owns 13,837 shares in the company, valued at $2.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 29 ’24, PRES & CHIEF OPERATING OFFICER Michael Robert A. sold 68,879 shares of the business’s stock. A total of $12,153,957 was realized by selling the stock at an average price of $176.45. This leaves the insider owning 98,645 shares of the company worth $17.72 million. A total of 0.12% of the company’s stock is owned by insiders.
During the past 12 months, Abbvie Inc has had a low of $130.96 and a high of $182.89. As of last week, the company has a debt-to-equity ratio of 5.80, a current ratio of 0.87, and a quick ratio of 0.76. According to the stock market information, the enterprise value for the company is $361.87B, which is based on a 66.04 price-to-earnings ratio, a 20.15 price-to-earnings-growth ratio, and a beta of 0.56. The fifty day moving average price for ABBV is $171.98 and a two-hundred day moving average price translates $151.86 for the stock.
The latest earnings results from Abbvie Inc (NYSE: ABBV) was released for Dec, 2023. According to the Drug Manufacturers – General Company, earnings per share came in at $2.79, beating analysts’ expectations of $2.77 by 0.02. This compares to $1.39 EPS in the same period last year. The net profit margin was 8.87% and return on equity was 34.90% for ABBV. The company reported revenue of $14.3 billion for the quarter, compared to $15.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.42 percent. For the current quarter, analysts expect ABBV to generate $11.97B in revenue.
