The stock of Abbvie Inc (NYSE:ABBV) last traded at $175.38, up 2.18% from the previous session.
ABBV stock price is now -4.69% away from the 50-day moving average and -1.99% away from the 200-day moving average. The market capitalization of the company currently stands at $309.92B.
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On December 05, 2024, Daiwa Securities Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $180, while ‘Leerink Partners’ rates the stock as ‘Outperform’
In other news, Buckbee Kevin K, Officer bought 1,800 shares of the company’s stock on Dec 16 ’24. The stock was bought for $310,045 at an average price of $172.25. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08 ’24, Officer Hudson Thomas J bought 49,170 shares of the business’s stock. A total of $9,297,210 was incurred on buying the stock at an average price of $189.08. A total of 0.08% of the company’s stock is owned by insiders.
During the past 12 months, Abbvie Inc has had a low of $151.29 and a high of $207.32. As of last week, the company has a debt-to-equity ratio of 11.78, a current ratio of 0.65, and a quick ratio of 0.54. According to the stock market information, the enterprise value for the company is $373998059520, which is based on a 61.16 price-to-earnings ratio, a 7.28 price-to-earnings-growth ratio, and a beta of 0.57. The fifty day moving average price for ABBV is $184.3656 and a two-hundred day moving average price translates $178.94444 for the stock.
The latest earnings results from Abbvie Inc (NYSE: ABBV) was released for 2024-09-30. The net profit margin was 9.15% and return on equity was 56.06% for ABBV. The company reported revenue of $14.46 billion for the quarter, compared to $13.93 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.83 percent.
