ABB Ltd (NYSE:ABB) saw a downside of -0.35% to $34.10 after subtracting -$0.12 on Wednesday. The 5-day average trading volume is 1,016,281 shares of the company’s common stock. It has gained $34.29 in the past week and touched a new high 4 times within the past 5 days. An average of 1,237,505 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,257,944.
ABB’s 1-month performance is 12.31% or $3.75 on its low of $30.26 reached on 12/28/22. The company’s shares have touched a 52-week low of $24.27 and high of $34.84, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, ABB has achieved 12.34% or $3.59 and has reached a new high 9 times. However, the current price is down -2.12% from the 52-week high price.
ABB stock has a beta of 1.15. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.27 while the price-to-book (PB) in the most recent quarter is 5.45.
ABB Ltd’s quick ratio for the period ended September 29 was 0.70, with the current ratio over the same period at 1.00. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.38, while the total debt to equity was 0.64. In terms of profitability, the gross margin trailing 12 months is 32.50%. The trailing 12-month EBITDA margin is 14.44% while for the period ending September 29, ABB Ltd’s operating margin was 17.60%. The firm’s gross profit as reported stood at $9.47 billion against revenue of $28.95 billion.
For the quarterly period ending September 29 this year, ABB Ltd’s cash and short-term investments amounted to $1.17 billion against total debt of $8.89 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -13.2% to $4.55 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected ABB to announce $0.34 per share in earnings in its latest quarter, but it posted $0.19, representing a -44.10% surprise. EBITDA for the quarter stood at more than $906.0 million. ABB stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 26.27 billion, with total debt at $8.89 billion.
Let’s look briefly at ABB Ltd (ABB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 68.48% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.24%.
The stock’s 5-day moving average is $33.97, reflecting a +0.18% or $0.06 change from its current price. ABB is currently trading +12.38% above its 20-day SMA, +23.50% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.42% and SMA200 by+7.11%.
Stochastic %K and %D was 83.49% and 83.11% and the average true range (ATR) pointed at 0.55. The RSI (14) points at 67.64%, while the 14-day stochastic is at 78.79% with the period’s ATR at 0.56. The stock’s 9-day MACD Oscillator is pointing at 0.25 and 0.68 on the 14-day charts.
In the most recent analyst report for ABB Ltd (NYSE: ABB), Exane BNP Paribas downgraded it to an Underperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for ABB stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate ABB as a “sell,”, while 16 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 10 have offered a “buy” rating.
What is ABB’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $25.38 and a high of $42.59, with their median price target at $31.42. Looking at these predictions, the average price target given by analysts is for ABB Ltd (ABB) stock is $32.70.