Albertsons Companies Inc (NYSE:ACI) finished Thursday with an addition of $0.05 to close at $22.87, an upside of 0.22 percent. An average of 4,093,780 shares of common stock have been traded in the last five days. There was a fall of -$0.30 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 5,788,015 shares traded, while the 50-day average volume stands at 3,700,168.
ACI stock has increased by 1.55% in the last month. The company shares reached their 1-month lowest point of $22.14 on 08/29/23. With the stock rallying to its 52-week high on 09/08/23, shares of the company touched a low of $18.29 and a high of $23.88 in 52 weeks. It has reached a new high 24 times so far this year and achieved 10.27% or $2.13 in price. In spite of this, the price is down -4.23% from the 52-week high.
Insider Transactions
ACI stock investors should be aware that Albertsons Companies Inc (ACI) stock had its last reported insider trading activity 155 days ago on Apr 27. In this transaction, the insider spent $681,797. EVP, Pharmacy & Health, Gajial Omer, disposed of 36,000 shares at a price of $21.05 on Jan 25. The insider now owns more than $757,800 worth of shares. Prior to that, Chief Accounting Officer Larson Robert Bruce went on to Sale 30,000 shares at $21.01 each on Jan 25. An amount of $630,300 was transacted.
Valuation Metrics
Albertsons Companies Inc (ACI) has a trailing price-to-earnings (P/E) ratio of 11.26. The stock’s beta is 0.54. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.17, the price-to-book (PB) ratio at 6.58, and the price-to-cash flow ratio at 11.15.
The company has a payout ratio of 21.18%. The company’s most recent quarterly dividend payment was $0.12 a share, without any change from last year. Its latest decrease dividend $6.73 reported on Tuesday October 18 2022.
Financial Health
The quick ratio of Albertsons Companies Inc for the three months ended May 30 was 0.16, and the current ratio was 0.78, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 6.64 and a total debt to equity ratio of 7.27 for the quarter ending May 30. Its gross profit as reported stood at $21.76 billion compared to revenue of $77.65 billion.
Earnings Surprise
For the three-month period that ended May 30, Albertsons Companies Inc had $7.83 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 $417.2 million in the quarter, while revenues of $311.1 million were shrunk -16.06%. The analyst consensus anticipated Albertsons Companies Inc’s latest quarter earnings to come in at $0.85 per share, but it turned out to be $0.93, a 9.40% surprise. For the quarter, EBITDA amounted to $1.36 billion. Shareholders own equity worth $575.68 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Albertsons Companies Inc (ACI) price momentum. RSI 9-day as of the close on 28 September was 40.04%, suggesting the stock is Neutral, with historical volatility in this time frame at 7.46%.
As of today, ACI’s price is $23.04 -1.29% or -$0.30 from its 5-day moving average. ACI is currently trading +1.78% higher than its 20-day SMA and +9.90% higher than its 100-day SMA. However, the stock’s current price level is +3.95% above the SMA50 and +6.97% above the SMA200.
The stochastic %K and %D were 5.79% and 18.85%, respectively, and the average true range (ATR) was 0.25. With the 14-day stochastic at 10.89% and the average true range at 0.26, the RSI (14) stands at 48.79%. The stock has reached -0.26 on the 9-day MACD Oscillator while the 14-day reading was at -0.42.
Analyst Ratings
Tigress Financial upgraded Albertsons Companies Inc (NYSE: ACI) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Albertsons Companies Inc (ACI) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ACI, while 12 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 3 others rate it as a “buy”.
