Abbvie Inc (NYSE: ABBV) – Time For Strategy Change?

Abbvie Inc (NYSE:ABBV) currently has a daily average trading volume of 5.65M but it saw 4480015 shares traded in last market. With a market cap of 291.56B USD, the company’s current market price of $164.66 came rising about 0.25 while comparing to the previous closing price of $164.25. In past 52 weeks, the stock remained buoying in the range of price level as high as $182.89 and as low as $130.96.

Taking a look at 20-day trading activity of Abbvie Inc (ABBV) gives us an average price of $172.23, while its current price level is -9.97% below from 52-week high level whereas it is 25.73% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $175.41 while that of 200 days or SMA-200 reads an average of $155.90. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.71% during that period while stretching the period over a month that increases to 1.77%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 34.89 which implies that the stock is in neutral territory.

Over the week, ABBV’s stock price is moving -1.71% down while it is -8.35% when we observe its performance for the past one month. Year-to-date it is 6.25% up and over the past year, the stock is showing an upside performance of 3.18%.

Currently, Abbvie Inc’s total number of outstanding shares is 1.77B. Company’s return on investment (ROI) stands at 7.61% and return on equity (ROE) at 34.90%. It has a price to earnings ratio (P/E ratio) of 60.53 while having a 13.56 of forward P/E ratio. Stock’s beta reads 0.59. Stock has a price to book (P/B) ratio of 28.07 while price to sale or P/S ratio amounts to 5.37. Its return on asset (ROA) is 3.52% on average.