As of Wednesday close, ACCO Brands Corporation’s (NYSE:ACCO) stock was up $0.04, moving up 0.74 percent to $5.48. The average number of shares traded per day over the past five days has been 514,800 shares. 3 times new highs have been achieved over the past 5 days, with a $0.21 gain in that time frame. In the last twenty days, the average volume was 815,190, while in the previous 50 days, it was 789,574.
Since last month, ACCO stock rose 22.32%. Shares of the company fell to $4.27 on 10/24/22, the lowest level in the past month. A 52-week high of $9.00 was reached on 02/18/22 after having rallying from a 52-week low of $4.27. Since the beginning of this year, ACCO’s stock price has dropped by -33.66% or -$2.78, and marked a new high 5 times. However, the stock has declined by -39.11% since its 52-week high.
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ACCO stock investors should be aware that ACCO Brands Corporation (ACCO) stock had its last reported insider trading activity 13 days ago on Nov 11. Bernstein Roxanne M, the EVP & Pres, ACCO Brands N.A. of the company, purchased of 10,000 shares for $5.64 on Nov 11. It resulted in a $56,399 investment by the insider. Elisman Boris added 10,000 shares at an average price of $5.17 on Nov 09. The insider now owns 1,241,530 shares following the transaction. On Aug 10, EVP & Pres, ACCO Brands N.A. Bernstein Roxanne M bought 10,000 shares at $6.62 apiece. The transaction was valued at $66,200.
Right now, ACCO Brands Corporation (ACCO) has a P/E ratio of about 27.54. The stock’s beta is 1.77. Besides these, the trailing price-to-sales (P/S) ratio of 0.26, the price-to-book (PB) ratio of 0.66, and the price-to-cash flow ratio of 8.89 may also be considered.
The latest dividend of $0.0750 per share was paid out, remained unchanged from last year’s $0.0750. On Tuesday October 26 2021, a $0.01 dividend increase was announced.
In the three months ended September 29, ACCO Brands Corporation’s quick ratio stood at 1.00, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.34, and the total debt-to-equity ratio was 1.37. On the profitability front, the trailing twelve-month gross margin is 29.00% percent. In the year ended September 29, operating margins totaled 3.10%. Based on annual data, ACCO earned $614.9 million in gross profit and brought in $2.03 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.60%. Return on equity (ROE) for the past 12 months was 2.50%.
In ACCO Brands Corporation’s quarter-end financial report for September 29, it reported total debt of $1.04 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ACCO’s revenue fell -8.46% to $521.0 million during the quarter, while net income inched up to $485.6 million. While analysts expected ACCO Brands Corporation to report $0.22 quarterly earnings, the actual figure was $0.25 per share, beating the consensus estimate by 13.60%. During the quarter, the company generated -$43.5 million in EBITDA. The liabilities of ACCO Brands Corporation were 2.05 billion at the end of its most recent quarter ended September 29, and its total debt was $1.17 billion. The value of shareholders’ equity is $94.26 million.
This quick technical analysis looks at ACCO Brands Corporation’s (ACCO) price momentum. With a historical volatility rate of 48.24%, the RSI 9-day stood at 62.59% on 23 November.
With respect to its five-day moving average, the current ACCO Brands Corporation price is up by +3.98% percent or $0.21. At present, ACCO shares trade +19.65% above its 20-day simple moving average and -16.46% percent below its 100-day simple moving average. However, the stock is currently trading approximately +2.05% above its SMA50 and -32.43% below its SMA200.
Stochastic coefficient K was 75.26% and Stochastic coefficient D was 71.87%, while ATR was 0.22. Given the Stochastic reading of 77.33% for the 14-day period, the RSI (14) reading has been calculated as 59.68%. As of today, the MACD Oscillator reading stands at 0.04, while the 14-day reading stands at 0.13.
KeyBanc Capital Markets upgraded its rating on ACCO Brands Corporation (NYSE: ACCO) to an Overweight in a note to investors on November 12, 2020. The analysts firm previously had a Sector weight rating on the stock.ACCO Brands Corporation (ACCO) has been rated Buy by analysts. According to 0 brokerage firms, ACCO is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate ACCO Brands Corporation stock as buy, with 2 recommending it as overweight.
With a median target price of $10.50, the current consensus forecast for the stock is $7.00 – $15.00. Based on these forecasts, analysts predict ACCO Brands Corporation (ACCO) will achieve an average price target of $10.75.