Abbott Laboratories (NYSE: ABT) is -0.78% lower on its value in year-to-date trading and has touched a low of $89.67 and a high of $121.64 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ABT stock was last observed hovering at around $108.89 in the last trading session, with the day’s gains setting it 0.32%.
Currently trading at $109.21, the stock is -1.97% and -4.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.28 million and changing 0.29% at the moment leaves the stock 2.35% off its SMA200. ABT registered 5.05% gain for a year compared to 6-month gain of 20.18%.
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The stock witnessed a -5.44% loss in the last 1 month and extending the period to 3 months gives it a -4.00%, and is -2.87% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.70% over the week and 1.66% over the month.
Abbott Laboratories (ABT) has around 114000 employees, a market worth around $189.50B and $40.11B in sales. Current P/E ratio is 33.44 and Fwd P/E is 21.23. Profit margin for the company is 14.22%. Distance from 52-week low is 21.79% and -10.22% from its 52-week high. The company has generated returns on investments over the last 12 months (10.73%).
The EPS is expected to grow by 4.02% this year.
Abbott Laboratories (ABT) Top Institutional Holders
The shares outstanding are 1.73B, and float is at 1.72B with Short Float at 0.84%.
Abbott Laboratories (ABT) Insider Activity
The most recent transaction is an insider sale by Salvadori Daniel Gesua Sive,the company’sEXECUTIVE VICE PRESIDENT. SEC filings show that Salvadori Daniel Gesua Sive sold 963 shares of the company’s common stock on Mar 01 ’24 at a price of $118.50 per share for a total of $0.11 million. Following the sale, the insider now owns 0.13 million shares.
Abbott Laboratories disclosed in a document filed with the SEC on Mar 01 ’24 that ALLEN HUBERT L (EXECUTIVE VICE PRESIDENT) sold a total of 853 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $118.50 per share for $0.1 million. Following the transaction, the insider now directly holds 0.18 million shares of the ABT stock.
Still, SEC filings show that on Mar 01 ’24, Morrone Louis H. (EXECUTIVE VICE PRESIDENT) disposed off 801 shares at an average price of $118.50 for $94918.0. The insider now directly holds 62,968 shares of Abbott Laboratories (ABT).
