In yesterday’s Wall Street session, Abbvie Inc (NYSE:ABBV) shares traded at $162.55, down -0.11% from the previous session.
ABBV stock price is now -5.91% away from the 50-day moving average and 3.16% away from the 200-day moving average. The market capitalization of the company currently stands at $287.04B.
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, while ‘Goldman’ rates the stock as ‘Buy’
In other news, Donoghoe Nicholas, EVP, CHIEF BUS/STRAT OFFICER sold 21,082 shares of the company’s stock on Mar 20 ’24. The stock was sold for $3,716,757 at an average price of $176.30. Upon completion of the transaction, the EVP, CHIEF BUS/STRAT OFFICER now directly owns 55,903 shares in the company, valued at $9.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 18 ’24, EVP, CHIEF COMMERCIAL OFFICER Stewart Jeffrey Ryan sold 58,949 shares of the business’s stock. A total of $10,539,508 was realized by selling the stock at an average price of $178.79. This leaves the insider owning 60,941 shares of the company worth $9.91 million. A total of 0.12% of the company’s stock is owned by insiders.
During the past 12 months, Abbvie Inc has had a low of $130.96 and a high of $182.89. As of last week, the company has a debt-to-equity ratio of 9.24, a current ratio of 0.94, and a quick ratio of 0.83.
According to the Drug Manufacturers – General Company, earnings per share came in at 2.91, beating analysts’ expectations of 2.81 by 0.1. This compares to $0.14 EPS in the same period last year. The net profit margin was 10.94% and return on equity was 55.92% for ABBV. The company reported revenue of $12.31 billion for the quarter, compared to $12.22 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.7 percent. For the current quarter, analysts expect ABBV to generate $14.01B in revenue.
