Acco Brands Corporation (NYSE: ACCO) is -11.62% lower on its value in year-to-date trading and has touched a low of $4.30 and a high of $6.43 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 ACCO stock was last observed hovering at around $4.55 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $4.64, the stock is -8.26% and -10.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing 1.98% at the moment leaves the stock -10.94% off its SMA200. ACCO registered -20.27% loss for a year compared to 6-month loss of -14.86%.
The stock witnessed a -11.95% gain in the last 1 month and extending the period to 3 months gives it a -20.27%, and is -15.94% 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 5.66% over the week and 3.40% over the month.
Acco Brands Corporation (ACCO) has around 5000 employees, a market worth around $430.97M and $1.67B in sales. Fwd P/E is 4.01. Profit margin for the company is -6.10%. Distance from 52-week low is 8.03% and -27.89% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.98%).
with sales reaching $318.75M over the same period.The EPS is expected to shrink by -0.33% this year, but quarterly earnings will post -6.28% year-over-year. Quarterly sales are estimated to shrink -11.19% in year-over-year returns.
The shares outstanding are 92.88M, and float is at 89.13M with Short Float at 2.12%.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.25 million shares valued at $34.06 million. The investor’s holdings represent 7.573 of the ACCO Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.11 million shares valued at $28.74 million to account for 6.3892 of the shares outstanding. The other top investors are ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC which holds 5.75 million shares representing 5.9415 and valued at over $27.03 million, while DIMENSIONAL FUND ADVISORS LP holds 5.8175 of the shares totaling 5.63 million with a market value of $26.47 million.
Acco Brands Corporation (ACCO) Insider Activity
The most recent transaction is an insider sale by Schneider Pamela R, the company’s Sr VP, General Counsel & Sec. SEC filings show that Schneider Pamela R sold 19,166 shares of the company’s common stock on Aug 27 ’24 at a price of $5.47 per share for a total of $0.1 million. Following the sale, the insider now owns 0.24 million shares.
Still, SEC filings show that on May 07 ’24, Jones Angela Y (SVP, Global Chief People Offic) disposed off 15,000 shares at an average price of $4.96 for $74325.0. The insider now directly holds 18,621 shares of Acco Brands Corporation (ACCO).
