Should Investors Trust The Upside Potential In Abbvie Inc (ABBV)?

Abbvie Inc (NYSE:ABBV) currently has a daily average trading volume of 5.60M but it saw 5450119 shares traded in last market. With a market cap of 296.21B USD, the company’s current market price of $167.29 came falling about -0.30 while comparing to the previous closing price of $167.80. 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 $169.48, while its current price level is -8.53% below from 52-week high level whereas it is 27.74% 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 $174.78 while that of 200 days or SMA-200 reads an average of $156.69. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.72% during that period while stretching the period over a month that increases to 1.91%. 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 43.00 which implies that the stock is in neutral territory.

Over the week, ABBV’s stock price is moving 1.60% up while it is -6.64% when we observe its performance for the past one month. Year-to-date it is 7.95% up and over the past year, the stock is showing an upside performance of 1.45%.

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 61.49 while having a 13.77 of forward P/E ratio. Stock’s beta reads 0.58. Stock has a price to book (P/B) ratio of 28.52 while price to sale or P/S ratio amounts to 5.45. Its return on asset (ROA) is 3.52% on average.