As of Friday close, ACCO Brands Corporation’s (NYSE:ACCO) stock was down -$0.05, moving down -0.93 percent to $5.32. The average number of shares traded per day over the past five days has been 569,380 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.29 fall in that time frame. In the last twenty days, the average volume was 534,030, while in the previous 50 days, it was 563,402.
Since last month, ACCO stock retreated -5.84%. Shares of the company fell to $5.28 on 08/18/23, the lowest level in the past month. A 52-week high of $6.95 was reached on 02/02/23 after having rallying from a 52-week low of $4.27. Since the beginning of this year, ACCO’s stock price has dropped by -4.83% or -$0.27, and marked a new high 12 times. However, the stock has declined by -23.51% since its 52-week high.
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Sponsored
ACCO stock investors should be aware that ACCO Brands Corporation (ACCO) stock had its last reported insider trading activity 163 days ago on Mar 09. Bernstein Roxanne M, the EVP & Pres, ACCO Brands N.A. of the company, purchased of 5,000 shares for $5.40 on Mar 09. It resulted in a $27,000 investment by the insider. Bernstein Roxanne M added 10,000 shares at an average price of $5.64 on Nov 11. The insider now owns 20,000 shares following the transaction. On Nov 09, Chairman of the Board and CEO Elisman Boris bought 10,000 shares at $5.17 apiece. The transaction was valued at $51,700.
Valuation Metrics
The stock’s beta is 1.87. Besides these, the trailing price-to-sales (P/S) ratio of 0.27, the price-to-book (PB) ratio of 0.61, and the price-to-cash flow ratio of 4.22 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.
Financial Health
In the three months ended June 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 June 29 was 1.22, and the total debt-to-equity ratio was 1.30. On the profitability front, the trailing twelve-month gross margin is 28.90% percent. In the year ended June 29, EBITDA margin amounted to 10.24%, whereas operating margins totaled 2.00%. Based on annual data, ACCO earned $552.3 million in gross profit and brought in $1.95 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 0.40%. Return on equity (ROE) for the past 12 months was -3.40%.
In ACCO Brands Corporation’s quarter-end financial report for June 29, it reported total debt of $1.02 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ACCO’s revenue fell -5.55% to $402.6 million during the quarter, while net income inched up to $493.6 million. While analysts expected ACCO Brands Corporation to report $0.29 quarterly earnings, the actual figure was $0.38 per share, beating the consensus estimate by 31.00%. During the quarter, the company generated $75.2 million in EBITDA. The liabilities of ACCO Brands Corporation were 2.0 billion at the end of its most recent quarter ended June 29, and its total debt was $1.17 billion. The value of shareholders’ equity is $94.92 million.
Technical Picture
This quick technical analysis looks at ACCO Brands Corporation’s (ACCO) price momentum. With a historical volatility rate of 15.98%, the RSI 9-day stood at 18.70% on 18 August.
With respect to its five-day moving average, the current ACCO Brands Corporation price is down by -5.17% percent or -$0.29. At present, ACCO shares trade -6.50% below its 20-day simple moving average and +3.30% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.48% below its SMA50 and +15.65% above its SMA200.
Stochastic coefficient K was 3.04% and Stochastic coefficient D was 6.36%, while ATR was 0.17. Given the Stochastic reading of 4.21% for the 14-day period, the RSI (14) reading has been calculated as 30.89%. As of today, the MACD Oscillator reading stands at -0.21, while the 14-day reading stands at -0.39.
Analyst Ratings
ACCO Brands Corporation downgraded its rating on ACCO Brands Corporation (NYSE: ACCO) to a Neutral in a note to investors on February 14, 2023. The analysts firm previously had a Buy rating on the stock.ACCO Brands Corporation (ACCO) has been rated Overweight by analysts. According to 0 brokerage firms, ACCO is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate ACCO Brands Corporation stock as buy, with 2 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $6.00 – $13.00. Based on these forecasts, analysts predict ACCO Brands Corporation (ACCO) will achieve an average price target of $9.75.
