Abbott Laboratories (NYSE: ABT) Emerges As Guiding Light For Investors

Abbott Laboratories (NYSE:ABT) currently has a daily average trading volume of 6.50M but it saw 9040450 shares traded in last market. With a market cap of 191.62B USD, the company’s current market price of $110.15 came rising about 3.97 while comparing to the previous closing price of $105.94. In past 52 weeks, the stock remained buoying in the range of price level as high as $121.64 and as low as $89.67.

Taking a look at 20-day trading activity of Abbott Laboratories (ABT) gives us an average price of $104.20, while its current price level is -9.45% below from 52-week high level whereas it is 22.83% 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 $104.11 while that of 200 days or SMA-200 reads an average of $107.06. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.54% during that period while stretching the period over a month that decreases to 2.41%. 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 65.22 which implies that the stock is in neutral territory.

Over the week, ABT’s stock price is moving 3.95% up while it is 6.73% when we observe its performance for the past one month. Year-to-date it is 0.07% up and over the past year, the stock is showing a downside performance of -0.34%.

Currently, Abbott Laboratories’s total number of outstanding shares is 1.73B. Company’s return on investment (ROI) stands at 10.78% and return on equity (ROE) at 14.80%. It has a price to earnings ratio (P/E ratio) of 34.73 while having a 21.42 of forward P/E ratio. Stock’s beta reads 0.72. Stock has a price to book (P/B) ratio of 4.94 while price to sale or P/S ratio amounts to 4.71. Its return on asset (ROA) is 7.67% on average.