Albertsons Companies Inc (NYSE:ACI) shares, rose in value, with the stock price down by -0.76% to the previous day’s close as strong demand from buyers drove the stock to $18.30.
Actively observing the price movement in the last trading, the stock closed the session at $18.44, falling within a range of $18.24 and $18.505. The value of beta (5-year monthly) was 0.327 whereas the PE ratio was 9.51 over 12-month period. Referring to stock’s 52-week performance, its high was $23.47, and the low was $17.80. On the whole, ACI has fluctuated by -1.24% over the past month.
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With the market capitalization of Albertsons Companies Inc currently standing at about $10.60 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 0.48, with its dividend yield at 2.62%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 80.54B, with a low estimate of 18.33B and a high estimate of 18.73B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 18.49B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ACI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of ACI currently trading nearly -1.24% and -5.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.08, while the 7-day volatility ratio is showing 1.44% which for the 30-day chart, stands at 1.47%. Furthermore, Albertsons Companies Inc (ACI)’s beta value is 0.48, and its average true range (ATR) is 0.30.
A comparison of Albertsons Companies Inc (ACI) with its peers suggests the former has fared considerably weaker in the market. ACI showed an intraday change of -0.76% in last session, and over the past year, it shrunk by -20.05%%.
Data on historical trading for Albertsons Companies Inc (NYSE:ACI) indicates that the trading volumes over the past 10 days have averaged 3.03 and over the past 3 months, they’ve averaged 3.20 million. According to company’s latest data on outstanding shares, there are 576.05 million shares outstanding.
Nearly 27.51% of Albertsons Companies Inc’s shares belong to company insiders and institutional investors own 50.43% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.64 million shares as on 2024-09-30, resulting in a short ratio of 3.27. According to the data, the short interest in Albertsons Companies Inc (ACI) stood at 325.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 16.53 million. The stock has fallen by -20.43% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ACI stock heading into the next quarter.
