Aflac Inc. (NYSE: AFL) Plunges -0.60% And Its 1.19% Stock Volatility Is Bewildering

Aflac Inc. (NYSE:AFL) does about 2.24M shares in volume on a normal day but saw 1585302 shares change hands in Monday trading. The company now has a market cap of 50.30B USD. Its current market price is $88.52, marking a decrease of -0.60% compared to the previous close of $89.05. The 52 week high reached by this stock is $91.15 whilst the lowest price level in 52 weeks is $69.00.

Aflac Inc. (AFL) has a 20-day trading average at $88.85 and the current price is -2.89% off the 52-week high compared with 28.29% distance from its 52-week low. The 50-day simple moving average of the closing price is $87.37 and its 200-day simple moving average is $82.77. If we look at the stock’s price movements over the week, volatility stands at 1.19%, which increases to 1.30% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 50.11 to suggest the stock is neutral.

The consensus objective for the share price is $85.71, suggesting that the stock has a potential downside of -3.28% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 04, 2024 when Evercore ISI downgraded the stock to “Underperform” and issued a price target of between $76 and $78. Morgan Stanley also downgraded the stock to “Equal-Weight” from Overweight on August 18, 2023 at a price target of $74-$75. BofA Securities resumed its price target at $77.

Aflac Inc. (AFL) stock is down -0.88% over the week and 0.16% over the past month. Its price is 7.30% year-to-date and 27.11% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -3.28 percent from here.

The company has a return on investment of 17.00% and return on equity of 24.70%. The price to earnings ratio (P/E ratio) amounts to 9.76 while the forward price to earnings ratio is 12.88. The beta has a value of 0.95. Price to book ratio is 2.14 and price to sales ratio is 2.60.