ABM Industries Inc. (NYSE: ABM) is 1.20% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ABM stock was last observed hovering at around $44.93 in the last trading session, with the day’s gains setting it 0.44%.
Currently trading at $45.37, the stock is 2.42% and 4.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.8 million and changing 0.98% at the moment leaves the stock 6.22% off its SMA200. ABM registered 6.53% gain for a year compared to 6-month gain of 13.68%.
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The stock witnessed a 5.27% loss in the last 1 month and extending the period to 3 months gives it a 12.36%, and is 1.18% 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 1.88% over the week and 1.76% over the month.
ABM Industries Inc. (ABM) has around 123000 employees, a market worth around $2.87B and $8.17B in sales. Current P/E ratio is 11.60 and Fwd P/E is 12.52. Profit margin for the company is 3.15%. Distance from 52-week low is 20.63% and -14.48% 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 62.25M with Short Float at 4.26%.
ABM Industries Inc. (ABM) Insider Activity
The most recent transaction is an insider sale by NEWBORN ANDREA R, the company’s EVP/Gen. Counsel/Corp. Secty. SEC filings show that NEWBORN ANDREA R sold 12,615 shares of the company’s common stock on May 01 ’24 at a price of $45.00 per share for a total of $0.57 million. Following the sale, the insider now owns 45847.0 shares.
ABM Industries Inc. disclosed in a document filed with the SEC on Mar 25 ’24 that JACOBSEN RENE (EVP & Chief Operating Officer) sold a total of 5,563 shares of the company’s common stock. The trade occurred on Mar 25 ’24 and was made at $43.59 per share for $0.24 million. Following the transaction, the insider now directly holds 0.11 million shares of the ABM stock.
Still, SEC filings show that on Mar 22 ’24, CHIN DEAN A (SVP – Chief Accounting Officer) disposed off 5,465 shares at an average price of $44.89 for $0.25 million. The insider now directly holds 19,972 shares of ABM Industries Inc. (ABM).
