The Street Is Finally Waking Up To Abbvie Inc (NYSE: ABBV)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed NEXGEL Reports Full Year 2023 Revenue of $4.1 Million, an Increase of 99.7% Year-Over-Year.

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Stocks Info

Abbvie Inc is listed on the NYSE as a member of the Healthcare sector and is a part of the Drug Manufacturers – General industry. The current market capitalization of Abbvie Inc is $319.18B. A total of 4.52 million shares were traded on the day, compared to an average of 5.66M shares.

In the most recent transaction, Donoghoe Nicholas sold 21,082 shares of ABBV for 176.30 per share on Mar 20 ’24. After the transaction, the EVP, CHIEF BUS/STRAT OFFICER now owns 55,903 company shares. In a previous transaction on Mar 18 ’24, Stewart Jeffrey Ryan sold 58,949 shares at 178.79 per share. ABBV shares that EVP, CHIEF COMMERCIAL OFFICER owns now total 60,941.

Among the insiders who sold shares, RICHMOND TIMOTHY J. disposed of 75,680 shares on Mar 01 ’24 at a per-share price of $177.27. This resulted in the EVP, CHIEF HR OFFICER holding 13,837 shares of ABBV after the transaction. In another insider transaction, Michael Robert A. sold 68,879 shares at $176.45 per share on Feb 29 ’24. Company shares held by the PRES & CHIEF OPERATING OFFICER now total 98,645.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Abbvie Inc pays an annual dividend of $5.99, resulting in a dividend yield of 3.32%, and it has a price to earnings (P/E) ratio of 66.42. ABBV’s most recent ex-dividend date was 4/12/2024 when it declared a $1.55 quarterly dividend that was paid in cash on 5/15/2024. Previously, the company paid the dividend on 2/15/2024 with an ex-dividend date of 1/12/2024. The ABBV stock dividend was $1.55 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, ABBV has a high of $182.89 and a low of $130.96.

As of this writing, ABBV has an earnings estimate of $2.33 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $2.4 per share and a lower estimate of $2.28. The company reported an EPS of $2.95 in the last quarter, which was 3.10% higher than expectations of $2.86.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ABBV’s latest balance sheet shows that the firm has $9.83B in Cash & Short Term Investments as of fiscal 2021. There were $76.68B in debt and $35.19B in liabilities at the time. Its Book Value Per Share was $5.87, while its Total Shareholder’s Equity was $15.44B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ABBV is Buy with a score of 4.16.

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