Keep An Eye On ABB Ltd’s Insider Activity (ABB)

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The stock of ABB Ltd (NYSE:ABB) increased by $0.25 on Wednesday to $31.40, up 0.79 percent. The last five days have seen an average of 1,487,201 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$6.71. The average number of shares traded over the last 20 days was 1,446,920, while the average volume over the last 50 days totaled 1,821,708.

ABB stock appreciated 13.36% since last month. On 11/03/22, the company’s shares reached a one-month low of $26.89. The stock touched a high of $37.77 on 01/05/22, after rallying from a low of $24.27 in 52 weeks. The price of ABB stock has declined by -15.49% or -$6.71 this year, reaching a new high 3 times. Still, the stock price is down -16.87% from the 52-week high.


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Valuation Metrics

ABB Ltd (ABB) has a trailing price-to-earnings (P/E) ratio of 15.13. Beta for the stock is 1.14. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.10, the price-to-book (PB) ratio of 4.96.

Company paid $0.53 per share in dividends, a decrease of -1.3% from $0.5370 last year. A $0.0070 dividend decrease was reported on Monday May 9 2022.

Financial Health

For the three months ended September 29, ABB Ltd’s quick ratio was 0.70, while its current ratio was 1.00, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending September 29 is 0.38, and the total debt to equity ratio is 0.64. As far as profitability goes, gross margin for the trailing twelve months is 32.50% percent. ABB Ltd’s operating margin stood at 17.60% for the same period. Based on annual data, it had gross profit of $9.47 billion and revenue of $28.95 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ABB’s return on assets (ROA) during the last 12 months has been 10.00%. There was a 22.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 30.10%.

Earnings Surprise

According to ABB Ltd’s quarterly financial report for the quarter that ended September 29, it had $4.18 billion in total debt versus $1.17 billion in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $28.95 billion, while revenues rose by 9.71% to $0.0. It was predicted that ABB Ltd’s quarterly earnings would be $0.19, but it ended up being $0.34, beating the consensus by -44.10%. EBITDA was $906.0 million for the quarter. At the end of ABB Ltd’s most recent quarter ended September 29, its liabilities totaled 26.27 billion, while its total debt was $8.89 billion.

Technical Picture

Here’s a quick look at ABB Ltd’s (ABB) price momentum from a technical perspective. As of 22 November, the RSI 9-day stood at 72.20%, suggesting the stock is Overbought, with a 22.22% historical volatility rate.

The stochastic %K and %D were 87.09% and 82.50% respectively, while the average true range (ATR) was 0.58. Based on the 14-day stochastic reading of 93.55%, the RSI (14) reading is 69.07%. On the 9-day MACD Oscillator, the stock is at 0.03, and the 14-day reading is at 0.69.

Analyst Ratings

ABB Ltd (NYSE: ABB) was downgraded by Citigroup to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy.

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