At the last check on Friday, AmerisourceBergen Corporation’s (NYSE:ABC) stock was down -$5.12, moving down -2.68 percent to $186.24. The average number of shares traded per day over the past five days has been 1,704,736 shares. 4 times new highs have been achieved over the past 5 days, with a -$0.52 fall in that time frame. In the last twenty days, the average volume was 1,243,209, while in the previous 50 days, it was 1,392,552.
Since last month, ABC stock retreated -3.10%. Shares of the company fell to $184.04 on 07/31/23, the lowest level in the past month. A 52-week high of $194.79 was reached on 07/21/23 after having rallying from a 52-week low of $135.14. Since the beginning of this year, ABC’s stock price has risen by 12.39% or $20.33, and marked a new high 28 times. However, the stock has declined by -4.39% since its 52-week high.
ABC stock investors should be aware that AmerisourceBergen Corporation (ABC) stock had its last reported insider trading activity 24 days ago on Jul 11. COLLIS STEVEN H, the Chairman, President & CEO of the company, disposed of 10,499 shares for $192.87 on Jul 11. It resulted in a $2,024,942 divestment by the insider. Clark Gina sold 27,542 shares at an average price of $186.84 on Jun 22. The insider now owns 26,733 shares following the transaction. On Jun 15, 10% Owner Walgreens Boots Alliance, Inc. sold 275,984 shares at $181.17 apiece. The transaction was valued at $50,000,021.
Valuation Metrics
Right now, AmerisourceBergen Corporation (ABC) has a P/E ratio of about 23.93. The stock’s beta is 0.55. Besides these, the trailing price-to-sales (P/S) ratio of 0.15, the price-to-book (PB) ratio of 133.99, and the price-to-cash flow ratio of 18.43 may also be considered.
The latest dividend of $0.4850 per share was paid out, remained unchanged from last year’s $0.4850.
Financial Health
In the three months ended June 29, AmerisourceBergen Corporation’s quick ratio stood at 0.50, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 16.57, and the total debt-to-equity ratio was 17.51. On the profitability front, the trailing twelve-month gross margin is 3.40% percent. In the year ended June 29, EBITDA margin amounted to 1.45%, whereas operating margins totaled 0.90%. Based on annual data, ABC earned $8.3 billion in gross profit and brought in $238.59 billion in revenue.
In AmerisourceBergen Corporation’s quarter-end financial report for June 29, it reported total debt of $4.16 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ABC’s revenue rose 10.28% to $63.46 billion during the quarter, while net income inched up to $66.95 billion. While analysts expected AmerisourceBergen Corporation to report $2.82 quarterly earnings, the actual figure was $2.92 per share, beating the consensus estimate by 3.50%. During the quarter, the company generated $947.14 million in EBITDA. The liabilities of AmerisourceBergen Corporation were 60.26 billion at the end of its most recent quarter ended June 29, and its total debt was $6.35 billion. The value of shareholders’ equity is $202.18 million.
Technical Picture
This quick technical analysis looks at AmerisourceBergen Corporation’s (ABC) price momentum. With a historical volatility rate of 20.36%, the RSI 9-day stood at 37.05% on 03 August.
With respect to its five-day moving average, the current AmerisourceBergen Corporation price is down by -0.28% percent or -$0.52. At present, ABC shares trade -2.53% below its 20-day simple moving average and +25.39% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.63% above its SMA50 and +30.66% above its SMA200.
Stochastic coefficient K was 51.81% and Stochastic coefficient D was 53.53%, while ATR was 3.51. Given the Stochastic reading of 18.60% for the 14-day period, the RSI (14) reading has been calculated as 43.26%. As of today, the MACD Oscillator reading stands at 0.91, while the 14-day reading stands at -0.40.
With a median target price of $208.00, the current consensus forecast for the stock is $190.00 – $225.00. Based on these forecasts, analysts predict AmerisourceBergen Corporation (ABC) will achieve an average price target of $207.29.
