As of Thursday close, Albertsons Companies Inc.’s (NYSE:ACI) stock was up $0.24, moving up 1.11 percent to $21.95. The average number of shares traded per day over the past five days has been 2,275,680 shares. 4 times new highs have been achieved over the past 5 days, with a $0.51 gain in that time frame. In the last twenty days, the average volume was 2,479,830, while in the previous 50 days, it was 3,841,224.
Since last month, ACI stock rose 0.46%. Shares of the company fell to $21.18 on 07/25/23, the lowest level in the past month. A 52-week high of $22.65 was reached on 07/13/23 after having rallying from a 52-week low of $18.28. Since the beginning of this year, ACI’s stock price has risen by 5.83% or $1.21, and marked a new high 18 times. However, the stock has declined by -3.11% since its 52-week high.
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ACI stock investors should be aware that Albertsons Companies Inc. (ACI) stock had its last reported insider trading activity 99 days ago on Apr 27. Larson Robert Bruce, the Chief Accounting Officer of the company, disposed of 32,544 shares for $20.95 on Apr 27. It resulted in a $681,797 divestment by the insider. Gajial Omer sold 36,000 shares at an average price of $21.05 on Jan 25. The insider now owns 25,140 shares following the transaction. On Jan 25, Chief Accounting Officer Larson Robert Bruce sold 30,000 shares at $21.01 apiece. The transaction was valued at $630,300.
Valuation Metrics
Right now, Albertsons Companies Inc. (ACI) has a P/E ratio of about 10.00. The stock’s beta is 0.57. Besides these, the trailing price-to-sales (P/S) ratio of 0.16, the price-to-book (PB) ratio of 6.29.
The latest dividend of $0.12 per share was paid out, remained unchanged from last year’s $0.12. On Tuesday October 18 2022, a $6.73 dividend decrease was announced.
Financial Health
In the three months ended May 30, Albertsons Companies Inc.’s quick ratio stood at 0.20, while its current ratio was 0.80, 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 May 30 was 3.91, and the total debt-to-equity ratio was 4.20. On the profitability front, the trailing twelve-month gross margin is 27.90% percent. Based on annual data, ACI earned $21.76 billion in gross profit and brought in $77.65 billion in revenue.
In Albertsons Companies Inc.’s quarter-end financial report for May 30, it reported total debt of $7.83 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ACI’s revenue rose 3.08% to $19.69 billion during the quarter, while net income inched up to $24.05 billion. While analysts expected Albertsons Companies Inc. to report $0.85 quarterly earnings, the actual figure was $0.93 per share, beating the consensus estimate by 9.40%. During the quarter, the company generated $1.36 billion in EBITDA. The liabilities of Albertsons Companies Inc. were 23.82 billion at the end of its most recent quarter ended May 30, and its total debt was $14.53 billion. The value of shareholders’ equity is $575.68 million.
Technical Picture
This quick technical analysis looks at Albertsons Companies Inc.’s (ACI) price momentum. With a historical volatility rate of 14.34%, the RSI 9-day stood at 56.64% on 03 August.
With respect to its five-day moving average, the current Albertsons Companies Inc. price is up by +2.38% percent or $0.51. At present, ACI shares trade +1.62% above its 20-day simple moving average and +10.25% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.77% above its SMA50 and -16.25% below its SMA200.
Stochastic coefficient K was 62.46% and Stochastic coefficient D was 56.45%, while ATR was 0.28. Given the Stochastic reading of 74.04% for the 14-day period, the RSI (14) reading has been calculated as 56.45%. As of today, the MACD Oscillator reading stands at 0.09.
Analyst Ratings
Tigress Financial upgraded its rating on Albertsons Companies Inc. (NYSE: ACI) to a Buy in a note to investors on April 26, 2023. The analysts firm previously had a Neutral rating on the stock.Albertsons Companies Inc. (ACI) has been rated Hold by analysts. According to 0 brokerage firms, ACI is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Albertsons Companies Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $25.00, the current consensus forecast for the stock is $21.00 – $27.25. Based on these forecasts, analysts predict Albertsons Companies Inc. (ACI) will achieve an average price target of $24.73.
