Acco Brands Corporation (NYSE: ACCO) is -10.29% 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 $4.75 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $4.71, the stock is -2.11% and -6.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.04 million and changing -0.84% at the moment leaves the stock -9.19% off its SMA200. ACCO registered -12.62% loss for a year compared to 6-month loss of -8.72%. The firm has a 50-day simple moving average (SMA 50) of $5.0324 and a 200-day simple moving average (SMA200) of $5.1865.
The stock witnessed a -7.28% gain in the last 1 month and extending the period to 3 months gives it a -24.15%, and is 4.20% 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 4.76% over the week and 4.54% over the month.
Acco Brands Corporation (ACCO) has around 5000 employees, a market worth around $437.46M and $1.67B in sales. Fwd P/E is 4.07. Profit margin for the company is -6.10%. Distance from 52-week low is 9.66% and -26.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.98%).
The EPS is expected to shrink by -0.33% this year
308.0 institutions hold shares in Acco Brands Corporation (ACCO), with institutional investors hold 87.87% of the company’s shares. The shares outstanding are 92.88M, and float is at 89.03M with Short Float at 2.44%. Institutions hold 84.88% of the Float.
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
Acco Brands Corporation disclosed in a document filed with the SEC on Aug 27 ’24 that Schneider Pamela R (Sr VP, General Counsel & Sec) sold a total of 19,166 shares of the company’s common stock. The trade occurred on Aug 27 ’24 and was made at $5.47 per share for $0.1 million. Following the transaction, the insider now directly holds 0.24 million shares of the ACCO stock.
Still, SEC filings show that on Aug 27 ’24, Schneider Pamela R (Officer) Proposed Sale 19,166 shares at an average price of $5.45 for $0.1 million. The insider now directly holds shares of Acco Brands Corporation (ACCO).
