ABM Industries Inc. (NYSE: ABM) is -2.65% lower on its value in year-to-date trading and has touched a low of $37.61 and a high of $53.05 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 ABM stock was last observed hovering at around $44.28 in the last trading session, with the day’s loss setting it -0.64%.
Currently trading at $43.64, the stock is -1.00% and 3.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing -1.45% at the moment leaves the stock 2.48% off its SMA200. ABM registered -0.18% loss for a year compared to 6-month loss of -0.27%.
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The stock witnessed a 1.96% gain in the last 1 month and extending the period to 3 months gives it a 5.23%, and is 1.25% up 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 2.15% over the week and 1.75% over the month.
ABM Industries Inc. (ABM) has around 123000 employees, a market worth around $2.76B and $8.17B in sales. Current P/E ratio is 11.15 and Fwd P/E is 12.04. Profit margin for the company is 3.15%. Distance from 52-week low is 16.03% and -17.74% from its 52-week high. The company has generated returns on investments over the last 12 months (8.01%).
The EPS is expected to shrink by -2.78% this year
The shares outstanding are 62.85M, and float is at 62.23M with Short Float at 3.96%.
ABM Industries Inc. (ABM) Insider Activity
The most recent transaction is an insider sale by JACOBSEN RENE, the company’s EVP & Chief Operating Officer. SEC filings show that JACOBSEN RENE sold 5,563 shares of the company’s common stock on Mar 25 ’24 at a price of $43.59 per share for a total of $0.24 million. Following the sale, the insider now owns 0.11 million shares.
ABM Industries Inc. disclosed in a document filed with the SEC on Mar 22 ’24 that CHIN DEAN A (SVP – Chief Accounting Officer) sold a total of 5,465 shares of the company’s common stock. The trade occurred on Mar 22 ’24 and was made at $44.89 per share for $0.25 million. Following the transaction, the insider now directly holds 19972.0 shares of the ABM stock.
Still, SEC filings show that on Dec 22 ’23, JACOBSEN RENE (EVP & Chief Operating Officer) disposed off 6,341 shares at an average price of $45.50 for $0.29 million. The insider now directly holds 52,849 shares of ABM Industries Inc. (ABM).
