Acco Brands Corporation (NYSE: ACCO) is -15.43% 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 $4.41 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $4.44, the stock is -9.69% and -13.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.37 million and changing 0.68% at the moment leaves the stock -14.57% off its SMA200. ACCO registered -20.71% loss for a year compared to 6-month loss of -18.98%.
The stock witnessed a -12.77% gain in the last 1 month and extending the period to 3 months gives it a -23.71%, and is -2.42% 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 4.49% over the week and 3.79% over the month.
Acco Brands Corporation (ACCO) has around 5000 employees, a market worth around $412.40M and $1.67B in sales. Fwd P/E is 3.84. Profit margin for the company is -6.10%. Distance from 52-week low is 3.38% and -31.00% 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
A total of 0 insider transactions have happened at Acco Brands Corporation (ACCO) in the last six months, with sales accounting for 0 and purchases happening 0 times. 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).
Acco Brands Corporation (ACCO): Who are the competitors?
One of the company’s main competitors (and peers) include Pitney Bowes Inc. (PBI) that is trading 144.88% up over the past 12 months.Konica Minolta Inc. (KNCAF) lies in the list of competitors of the Acco Brands Corporation and is 21.36% higher over the same period from ACCOLogitech International S.A. (LOGI) is 10.68% up on the 1-year trading charts.
