ABB Ltd (NYSE:ABB) finished Wednesday with a subtraction of -$0.37 to close at $30.27, a downside of -1.21 percent. An average of 865,240 shares of common stock have been traded in the last five days. There was a gain of $0.15 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 1,184,380 shares traded, while the 50-day average volume stands at 1,358,240.
ABB stock has decreased by -2.10% in the last month. The company shares reached their 1-month lowest point of $29.76 on 12/22/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $24.27 and a high of $37.77 in 52 weeks. It has reached a new high 3 times so far this year and lost -17.87% or -$7.90 in price. In spite of this, the price is down -19.85% from the 52-week high.
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ABB Ltd (ABB) has a trailing price-to-earnings (P/E) ratio of 14.70. The stock’s beta is 1.14. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.03, the price-to-book (PB) ratio at 4.82.
The company has a payout ratio of 44.00%. The company’s most recent quarterly dividend payment was $0.53 a share, representing a down of -1.3% from $0.5370 last year. Its latest decrease dividend $0.0070 reported on Monday May 9 2022.
The quick ratio of ABB Ltd for the three months ended September 29 was 0.70, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.38 and a total debt to equity ratio of 0.64 for the quarter ending September 29. ABB Ltd’s EBITDA margin for the year ending September 29 is 14.44%, while its operating margin for the same period stands at 17.60%. Its gross profit as reported stood at $9.47 billion compared to revenue of $28.95 billion.
For the three-month period that ended September 29, ABB Ltd had $1.17 billion in cash and short-term investments compared to $4.18 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $4.55 billion in the quarter, while revenues were shrunk -13.2%. The analyst consensus anticipated ABB Ltd’s latest quarter earnings to come in at $0.34 per share, but it turned out to be $0.19, a -44.10% surprise. For the quarter, EBITDA amounted to $906.0 million.
From a technical analysis perspective, let’s take a brief look at ABB Ltd (ABB) price momentum. RSI 9-day as of the close on 28 December was 43.71%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.99%.
As of today, ABB’s price is $30.36 +0.50% or $0.15 from its 5-day moving average. ABB is currently trading -1.94% lower than its 20-day SMA and +1.95% higher than its 100-day SMA. However, the stock’s current price level is +16.02% above the SMA50 and -9.10% below the SMA200.
The stochastic %K and %D were 26.26% and 24.22%, respectively, and the average true range (ATR) was 0.51. With the 14-day stochastic at 20.82% and the average true range at 0.53, the RSI (14) stands at 47.70%. The stock has reached 0.10 on the 9-day MACD Oscillator while the 14-day reading was at -0.27.
Exane BNP Paribas downgraded ABB Ltd (NYSE: ABB) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for ABB Ltd (ABB) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell ABB, while 16 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 8 others rate it as a “buy”.
What is ABB’s price target for the next 12 months?
Analysts predict a range of price targets between $25.38 and $42.59, with a median target of $30.76. Taking a look at these predictions, the average price target given by analysts for ABB Ltd (ABB) stock is $30.99.