ABB Ltd [ABB] Is Currently 0.64 below its 200 Period Moving Avg: What Does This Mean?


ABB Ltd [NYSE: ABB] jumped around 0.17 points on Wednesday, while shares priced at $26.59 at the close of the session, up 0.64%. The company report on July 12, 2022 that ABB and Red Hat Partner to Deliver Further Scalable Digital Solutions Across Industrial Edge and Hybrid Cloud.

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ABB and Red Hat will deliver ABB automation and industrial software solutions at the intersection of information technology (IT) and operational technology (OT), equipping the industrial ecosystem with extended deployment capabilities and greater agility.

ABB will deliver digital solutions to customers on-demand and at scale using Red Hat OpenShift.

ABB Ltd stock is now -30.34% down from its year-to-date (YTD) trading value. ABB Stock saw the intraday high of $26.74 and lowest of $26.11 per share. The company’s 52-week high price is 39.11, which means current price is +3.06% above from all time high which was touched on 01/05/22.

Compared to the average trading volume of 2.60M shares, ABB reached a trading volume of 2587041 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about ABB Ltd [ABB]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ABB shares is $34.76 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ABB stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for ABB Ltd shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 11, 2022. The new note on the price target was released on July 06, 2022, representing the official price target for ABB Ltd stock.

The Average True Range (ATR) for ABB Ltd is set at 0.63, with the Price to Sales ratio for ABB stock in the period of the last 12 months amounting to 1.81. The Price to Book ratio for the last quarter was 3.89, with the Price to Cash per share for the same quarter was set at 3.20.

How has ABB stock performed recently?

ABB Ltd [ABB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.83. With this latest performance, ABB shares dropped by -9.00% in over the last four-week period, additionally sinking by -27.71% over the last 6 months – not to mention a drop of -25.54% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ABB stock in for the last two-week period is set at 39.52, with the RSI for the last a single of trading hit 40.89, and the three-weeks RSI is set at 39.72 for ABB Ltd [ABB]. The present Moving Average for the last 50 days of trading for this stock 28.57, while it was recorded at 26.68 for the last single week of trading, and 32.99 for the last 200 days.

ABB Ltd [ABB]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and ABB Ltd [ABB] shares currently have an operating margin of +11.36 and a Gross Margin at +32.88. ABB Ltd’s Net Margin is presently recorded at +15.98.

Return on Total Capital for ABB is now 14.71, given the latest momentum, and Return on Invested Capital for the company is 22.61. Return on Equity for this stock inclined to 30.14, with Return on Assets sitting at 11.58. When it comes to the capital structure of this company, ABB Ltd [ABB] has a Total Debt to Total Equity ratio set at 41.59. Additionally, ABB Total Debt to Total Capital is recorded at 29.38, with Total Debt to Total Assets ending up at 16.10. Long-Term Debt to Equity for the company is recorded at 31.23, with the Long-Term Debt to Total Capital now at 22.06.

Reflecting on the efficiency of the workforce at the company, ABB Ltd [ABB] managed to generate an average of $40,271 per employee. Receivables Turnover for the company is 3.84 with a Total Asset Turnover recorded at a value of 0.73.ABB Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.10.

Earnings analysis for ABB Ltd [ABB]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ABB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ABB Ltd go to 14.60%.

Insider trade positions for ABB Ltd [ABB]

Positions in ABB Ltd stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 229 institutional holders increased their position in ABB Ltd [NYSE:ABB] by around 7,317,510 shares. Additionally, 204 investors decreased positions by around 6,333,311 shares, while 86 investors held positions by with 89,471,157 shares. The mentioned changes placed institutional holdings at 103,121,978 shares, according to the latest SEC report filing. ABB stock had 53 new institutional investments in for a total of 2,207,558 shares, while 71 institutional investors sold positions of 1,146,260 shares during the same period.